Start a business to remember that there are three magic: pillar, cash cow, Polaris

Rob Hayes is the first Round capital partner and has invested in several companies, Square, TaskRabbit and Uber. This article on its first venture to give the three recommendations, to young entrepreneurs a few references. Rob Hayes an image of three indispensable conditions for his first business: pillar (talent), cash cow (money chain), Polaris (long-term goal).

Http://newseed.pedaily.cn/201502/201502091319326_all.shtml

Note: This is very important for the individual and the development of the team.

To the individual, his knowledge and ability is the pillar; a certain wealth accumulation and continuous income cash flow to support life and family, is the basis for the sustainable development of individuals; Polaris is a personal ambition that requires a long-term goal, 20 years/30 years and further, So you don't get confused about what you're going to do with each stage of action and goals.

For the team, the importance of talent is needless to say, I personally invested a lot of time in the recruitment of this matter, and really do not have the best people to worry about; cash cow more refers to the company's support for team needs and resources, the strategic position and importance of a team in the company is very important, the important resources are naturally inclined, So it can be understood that the boss to report on the objective rationality of outstanding results (this is also my previous as a low-level staff to consider the relatively few places); Polaris is the long-term goal of the company with the long-term strategic direction, but mainly around the company's mission services (this relatively stable), the team's goal must be relatively long-term , this is my experience of the last year, otherwise did not know the next thing to do something, this is the moment of crisis;

Start a business to remember that there are three magic: pillar, cash cow, Polaris