Want to learn what qualities you want to see in a founder/CEO when you are investing in a business?
Let's learn about some qualities identified by @iancassel @iddings_sean @IntelligentFan in their awesome books Intelligent fanatics
Let's learn about some qualities identified by @iancassel @iddings_sean @IntelligentFan in their awesome books Intelligent fanatics
Intelligent Fanatics are great leaders with a simple mission and vision for their business, avid learners, great teachers, have high insider ownership, long term view, try out new things and fail, delegate, and have the guts to stand up against tough times for long term success.
So what are the characteristics of these intelligent fanatics?
1. Leading by Example
A leader should be able to attract and retain highly skilled employees to work for the greater good of the business, create systems and processes that will lead to the success of the business.
1. Leading by Example
A leader should be able to attract and retain highly skilled employees to work for the greater good of the business, create systems and processes that will lead to the success of the business.
2. Unblemished by industry dogma
Intelligent fanatics are beginners with no/minimal experience in their industry. This helps them develop new ways to run the business, basically innovate and develop competitive advantages that are hard to overcome for others.
Intelligent fanatics are beginners with no/minimal experience in their industry. This helps them develop new ways to run the business, basically innovate and develop competitive advantages that are hard to overcome for others.
3. Teaching by Example
Intelligent Fanatics are awesome teachers. They teach customers to desire their product which means they teach selling. They teach their employees how to manufacture the product. They teach their employees to work with each other which means organization.
Intelligent Fanatics are awesome teachers. They teach customers to desire their product which means they teach selling. They teach their employees how to manufacture the product. They teach their employees to work with each other which means organization.
4. Founder ownership creates long term focus
Intelligent Fanatics own a high percentage of their business which gives them control for the long-term direction of their business. They usually keep their calm in short-term pains while their focus on long-term view is not affected.
Intelligent Fanatics own a high percentage of their business which gives them control for the long-term direction of their business. They usually keep their calm in short-term pains while their focus on long-term view is not affected.
5. Keep it Simple
Intelligent fanatics have a business model that is simple to understand and execute. They have demonstrated the success of their business model by convincing both employees and customers of its simplicity followed by determined execution and results.
Intelligent fanatics have a business model that is simple to understand and execute. They have demonstrated the success of their business model by convincing both employees and customers of its simplicity followed by determined execution and results.
6. Superpower of Incentives
Intelligent fanatics set up a culture with financial and non-financial incentives to boost motivation for employees and make them involved in growing the business and themselves.
Intelligent fanatics set up a culture with financial and non-financial incentives to boost motivation for employees and make them involved in growing the business and themselves.
7. Experimentation
Intelligent Fanatics ensures that the company keeps innovating to keep up with the competition. They aren’t afraid to invest in ventures that might be not successful in the short term but will pay back over the long term.
Intelligent Fanatics ensures that the company keeps innovating to keep up with the competition. They aren’t afraid to invest in ventures that might be not successful in the short term but will pay back over the long term.
8. Productive Paranoia
Intelligent Fanatics promote a productive paranoia with their culture and their business. This prepares them for financial competitive disruptions by keeping the spirit of innovation alive during these tough times.
Intelligent Fanatics promote a productive paranoia with their culture and their business. This prepares them for financial competitive disruptions by keeping the spirit of innovation alive during these tough times.
9. Decentralized Organizations
Intelligent fanatics have businesses with few layers of management and they promote employee autonomy. Intelligent fanatics maintain their culture as they grow and have win-win relationships with everyone. They strive hard to remove bureaucracy.
Intelligent fanatics have businesses with few layers of management and they promote employee autonomy. Intelligent fanatics maintain their culture as they grow and have win-win relationships with everyone. They strive hard to remove bureaucracy.
10. Dominated a small market before expanding
Intelligent fanatics usually dominate a small market and then move into adjacent markets and eventually into larger markets. These fanatics first set up an awesome business machine and then scale it into other markets.
Intelligent fanatics usually dominate a small market and then move into adjacent markets and eventually into larger markets. These fanatics first set up an awesome business machine and then scale it into other markets.
11. Courage and Perseverance in the face of Adversity
Intelligent Fanatics have the guts to stand up against tough times for long-term success. They have the courage and perseverance to get through financial and competitive adversarial times. They do make mistakes but recover.
Intelligent Fanatics have the guts to stand up against tough times for long-term success. They have the courage and perseverance to get through financial and competitive adversarial times. They do make mistakes but recover.
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