I have seen most first time entrepreneurs unknowingly making this mistake. Depending on what kind of business you are in, this may make or break your future. Sharing my learning and evolution on this rather touchy topic 👇 (1/12)
I saw very small teams (2-10 in size). Very closely knit. In most cases, folks had no life outside of work. This made it a perfect environment to put ideas to life very quickly (2/12)
I was 28 when we laid the foundation of WE. I am 35 now. These 7 years have been magical - especially, w.r.t my understanding of people & their aspirations (3/12)
I was wrong.
This mindset is a huge hurdle and roadblock to growth. If you have this feeling about your workplace, please read further. You may find these learnings useful (4/12)
When you are family, it is important that new members "blend in". Imagine the tension a newbie has to go through. There's so much pressure of unsaid rules and philosophies to comply with. (5/12)
In a family setup, people misuse this access in many ways. There's no better cushion than a CEO, to fallback on for every problem. It's a privilege no one wants to let go of (6/12)
We were about 45 in size then.I started by showing the door to some folks. The experience was very unpleasant in some cases (7/12)
I am posting them again now. To the best of my recollection abilities.
It gave me the time to rebuild.I focused on building an enviable management layer: webengage.com/blog/managemen…
The folks were trained to not think family (8/12)
I started noticing a lot more positive energy in the workplace over "family gatherings". I continued on the mission & let more people go.
Fast forward to today, I am happy to tell you that we have changed into a very fast paced workplace (9/12)
If not for this change initiated 2 years ago, we'd have still been struggling with our growth pangs. (10/12)
We are a people first company. This change enables everyone in the team to succeed. It also provides a platform for the best to outshine (11/12)
I am happy to help/advice, if you need.
Thanks for reading. Have a great weekend (end of thread, 12/12)