Culture is Key to Start-up Success
One of the best things about starting your own business is that you get to (try to) build whatever type of company you want — including the culture. Everybody has been in organizations where the overall culture and values — or at least certain management styles — were more toxic than not, and a lack of leadership undermined employee morale and performance. So why would you want to see that in your own business? Surprisingly, start-ups and closely-held businesses often fail to instill values and foster a culture conducive to a positive and productive working environment. I’ve seen many small businesses where the organization’s culture was defined by the dynamic and dysfunction of its founders. In start-ups, where long hours, tight deadlines and high stress are the norm — and where high-performance and passion are critical to success — low morale and high turnover can be a recipe for disaster. In [...]