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In one of my startups I've been looking through the business plan with a lot of scrutiny, comparing it against this business and that business with this ceo and that ceo, I've been watching all the usual shows and nailing down all the perceptual quirks.
It all lead me to one question.
How am I ensuring the integrity of this business?
I don't mean ethically, though that has a part in things. And I don't mean doing diligence on the opportunity, though thats always the first thing to get straightened out.
But moreso, does it truly have the rigor? And how are we ENSURING this?
To some extent that is assured by figures, numbers and sales. Aquistion costs, assets, barrier to entry, patents, contacts, cashfow, following and quality etc
But thats all kind of just arrogance, because you actually can't assure your business' stability that way.
You can have all the set ups in the world and still take a big fat belly flop on the surface and get picked apart by the vultures to follow.
So I visualised all the concerns as one thing, and removed it from the explicit plans, in order to help guide those plans with a consistent plan of action.
I label it, a business' integrity.
NOT to be confused with the owner's integrity (you might want to succeed but who is to say others don't want to more? Just your word? No no no, not good enough).
Its about the EXAMPLE you set, the SUPREMACY you project, the FACE VALUE you have.
What is the ultimate outlook of your team and its reactions?
How do you personally ensure your business' integrity?
I ask both because the question should challenge you to think, and because I'm curious to grow in this area of business myself.
Any thoughts?
It all lead me to one question.
How am I ensuring the integrity of this business?
I don't mean ethically, though that has a part in things. And I don't mean doing diligence on the opportunity, though thats always the first thing to get straightened out.
But moreso, does it truly have the rigor? And how are we ENSURING this?
To some extent that is assured by figures, numbers and sales. Aquistion costs, assets, barrier to entry, patents, contacts, cashfow, following and quality etc
But thats all kind of just arrogance, because you actually can't assure your business' stability that way.
You can have all the set ups in the world and still take a big fat belly flop on the surface and get picked apart by the vultures to follow.
So I visualised all the concerns as one thing, and removed it from the explicit plans, in order to help guide those plans with a consistent plan of action.
I label it, a business' integrity.
NOT to be confused with the owner's integrity (you might want to succeed but who is to say others don't want to more? Just your word? No no no, not good enough).
Its about the EXAMPLE you set, the SUPREMACY you project, the FACE VALUE you have.
What is the ultimate outlook of your team and its reactions?
How do you personally ensure your business' integrity?
I ask both because the question should challenge you to think, and because I'm curious to grow in this area of business myself.
Any thoughts?
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