Decision-making on startup teams presents no shortage of potential pitfalls. Decisions may take forever to make. Or team members grow frustrated when they are left out of the process of making a decision. Or decisions are made but not executed and then get revisited. Sound familiar?
We've all read the stories about the hot new startups making waves in their industry—and how they're doing it from colorful beanbag chairs in a once-destitute warehouse on the south side of town.
Life is so much easier without having to think about the implications of every little decision we make. However, though ignoring your core values may make life easier in the short term, this can create huge long-standing consequences.
We all have relationships in our life that run out of gas. Sometimes there is a clear break and other times we just move on to different things and the relationship atrophies and goes away.
The impact of trust on the economy can be witnessed at the corporate level. Bear Stearns, AIG, and Lehman Brothers were at one time considered trust-based businesses. Each of these companies relied on the trust of the market to establish the firm's value.
The word "organization" and the word "organism" come from the same root word. Company culture bears many similarities to natural ecosystems. The way founders do business in the beginning of a startup are the seeds for what kind of company they will develop in two, five and ten years.
We have a continuous feedback loop in our company, comprised of one-on-one meetings, weekly departmental updates, trust and transparency in all of our interactions. Even with all of that, there are times when people need to be pushed to provide honest feedback.
It's odd, we interview people, anxious to hire the best and the brightest. Those people that have the proven track records, skills and experience to perform at the highest levels.
As with most things, building a team environment takes time and work. Start small by building teams that you know will be successful. You can then use that success to help spread the concept to the rest of the organization.
Being surrounded by an entire team that doesn't feel like they work for you can be a ridiculous blessing. But is there a magic formula that makes work feel like joy, happiness and fun all rolled into a single cupcake you can munch on all day long? You bet there is. It's culture talking. And walking.