Thursday, October 4, 2012

How to build an Organization that can sustain itself as you made it.

As an entrepreneur it is important that you hire talented people and then manage them well.
To achieve the latter, create an environment where they use their intelligence and judgment  to act independently.

(1) Respect your employees and give them freedom.
(2) Provide them with a mission and vision; clearly defining who the company is and where it is going.
(3) Share the rewards
(4) Lastly acknowledge that great businesses rely not on individual stars but on a system in which everyone can shine.

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