May 26, 2015

Leave the Office and Make Millions

May 26, 2015/ Mike Krupit

We spend a lot of time in the office - working with our team, on our projects, with our money (investments, revenues). We see our business through the eyes of those who know us well - employees, investors, family. It’s a very narrow perspective that we get when we only interact a typically homogeneous and friendly population. Every week, I drag entrepreneurs out of the office nearly kicking and screaming - they say they have too much work to do! - in order to me to help them view their business by talking with customers, competitors, partners and their market. Here are three stories to show how some of my clients and I did millions of dollars in deals by following an outside in approach.

May 12, 2015

Winging It at The White House (though not the West Wing)

May 12, 2015/ Mike Krupit

In April, I was invited to participate in the first ever Tech Meetup at the White House. Organized by Meetup.com and the U.S. Chief Technology Officer, Megan Smith. Tech Meetups have been around for about a decade. They are events where new technologies and new tech companies get to demo and network with a community of entrepreneurs, techies, service providers, and investors. They’ve evolved to also include education - speakers, lectures, courses and classes. I co-founded and co-organize the Philly New Technology Meetup along with several Bootstrappers Breakfasts. It was an honor and privilege for me to be part of the first Meetup at the White House.

April 12, 2015

An Entrepreneur Makes Their Own Luck (Looking from the Outside-in)

April 12, 2015/ Mike Krupit

Luck, serendipity, and random collisions are often credited in helping entrepreneurs become successful. Being in the right place at the right time can make all the difference. I used to hope that such luck would strike us at one of our startups. Then, someone really smart told me to stop waiting, that luck doesn’t usually happen, that we must make our own luck. I wasn’t sure that I completely believed that luck wasn’t random. And then I met Bianca Thompson.

February 22, 2015

Core Values through our Behaviors (and how not to be a Rob McCord)

February 22, 2015/ Mike Krupit

Whether you're looking for a job or building company, you need to look beyond culture to assess - or establish - core values. The US National Park Service has a good and simple definition for core values: "The values underlie our work, how we interact with each other, and which strategies we employ to fulfill our mission." It's not easy to establish and communicate values. Lots of companies study and publish their values, and many don't do it very well. How many companies think "Integrity" is a core value? Too many. The problem is that Integrity is a high level concept and doesn't necessarily make it clear how we should or will behave.

February 09, 2015

It's Never Too Late for Me, BoJack Horseman, or You

February 09, 2015/ Mike Krupit

Entrepreneurship favors youth. I coach entrepreneurs of all ages and meet a lot who are 35 and older and appear to be discouraged by the ageism they feel and see. It's part of my coaching to help break limiting mindsets and not let obstacles - real or perceived - get in the way of achieving goals. If you're an entrepreneur that's starting later in your career, or beginning to consider it, I want you to know that there are ways it give you advantage over your more youthful peers. Here are five reasons how your stage of life makes you a different entrepreneur.

January 25, 2015

The Difference Between Coaches, Mentors, Advisors, and Consultants

January 25, 2015/ Mike Krupit

Too often I hear the terms mentors and coaches interchangeably. I'm sure of you search for definitions, you'll easily find ones that support how you've been using the terms. For me, clarity is important. When I built Trajectify, I wanted it to be clear what it is that I am doing - for my clients and myself. If I could put clarity around the definitions, I could better understand the problem and build my business to serve the greatest need. I looked at four roles - Coach, Mentor, Consultant, and Advisor - and tried to simply describe the nature of the relationship:

January 25, 2015

Why Are Goals So Hard?

January 25, 2015/ Mike Krupit

One of the first things that I do with each new engagement is to work on goals - for the company and the entrepreneur/leader. It might seem basic, and many have done it before, but my experience is that few entrepreneurs and companies have current goals or have been able to do them well. We don't move forward without goals - it is difficult to grow a business in the absence of them.

January 02, 2015

Hello World

January 02, 2015/ Mike Krupit

I am just launching the website and the blog is next to come. I've got so many stories to tell and lessons to share. We'll cover everything from goals and strategies, to leadership issues and organizational development, and then a bunch of the tactics which could be marketing, product, technology or operations.

Leadership, Growth Strategies

Your Peer Group Will Tell You What No One Else Will

I’ve been facilitating CEO peer groups for fifteen years. The biggest factor in whether someone gets value from a group is vulnerability. Not performative vulnerability. The kind that costs you something to say out loud, the thing you'd rather not say because it makes you look uncertain, stuck, bored, scared, or wrong. The people who get the most from these groups aren't necessarily the ones with the biggest problems. They're the ones willing to let the room see the problem clearly enough to help.

Leadership, Communications

Visibility Is Part of the CEO Job

I don't think every CEO needs to become a LinkedIn personality. The question is simpler. Who needs to know you exist? Where are they? And what would help them understand how you think before they ever sit across from you? That answer will change as the company grows, as your buyers change, as platforms come and go. You adjust. That I don’t think you can do anymore is decide visibility isn’t part of your job at all. Your personal brand is important to your company’s brand.

Leadership, Personal Development

How You Look Is Part of How You Lead

Most founders and executives I work with are uncomfortable talking about how they look. It feels shallow. Not the point. I get it. They started their companies because of a vision, not an ego. By the time they're working with an advisor, they're wrestling with real problems: who belongs in which seats, how to build accountability, how to run a leadership meeting. Thinking about personal image can feel self-indulgent by comparison.

Organizational Dev

You Can't Scale the Company Without Scaling the Culture

Founders tend to think about a major transition as a singular event. You prepare, announce, close, and now you're a different company. In my experience, the company starts changing well before any of that happens. I've been through this several times now, and the details were different every time. The weirdness was pretty consistent.

Growth Strategies, Leadership

Not Every Idea Deserves to Be Fully Baked

Sometimes exploration is worth it. Sometimes you just spent a week of the team’s attention answering a question the founder could have tested in an afternoon. That is the part I think leaders underestimate. Ideas do not only cost money. They cost time, focus, and brainpower long before anyone approves a budget. The question I’d want answered is: how much of the organization does this idea deserve yet?

If Everyone Is Playing Defense with their Goals, Nobody Is Trying to Win

Ask a room of leaders why they set goals and most will say accountability. That answer creates the problem. Goals exist for alignment. The company needs to reach a number, so this group does this, that group does that, and together the math works. Everyone is pointed in the same direction. Focus comes second. A good goal tells you what to say no to.

Leadership, Organizational Dev

If Ten People on Your Team Agree, Nine of Them Are Unnecessary

The instinct to build a team that moved in the same direction, at the same pace, with the same set of perspectives is limiting. Consistency is created at the expense of range. The goal isn't alignment of strengths. It's coverage. The most dangerous teams I've seen weren't the ones with conflict. hey were the ones with none. Where every conversation ends in agreement. Where nothing gets surfaced. Where the people who see things differently may have learned to stop saying so.

Leadership

Shiny Object Syndrome Will Break Your Company. It's Also What Built It.

The same restlessness that makes it hard to stay on plan is what made them start the company in the first place. The wandering mind, the refusal to be satisfied with what already exists, the ability to see something before it exists: that's not a disorder. That's the source.

Resources

Trajectify