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Ask the Expert: Transitioning from a large company to a start-up
Skills are a huge determinant in the success of a start-up and a large company alike; not only the skills of the executive team, but the skills of each employee are vital. When transitioning from running a large company to a small start-up there are certain skills that will transfer seamlessly, and skills that you will need to develop.
Communication is one of the major differences in running a large company versus a start-up. Often times, communication breaks down in big organizations. Imagine playing the childhood game of "telephone." The end message always gets jumbled because it gets passed through so many people; I have seen it happen time and time again in established companies. The first-name basis gets eliminated for the executive team when there are thousands of employees, and it becomes harder to get a message across.
I am a strong believer that everyone should have equity in the company they work for. Everyone needs to benefit when the company is succeeding, not just upper management. It is a way a start-up can gain quality talent, by offsetting a lower salary in exchange for a stake in the company.
Robert Wilkins is an executive entrepreneur who consults for small to large companies with needs in the areas of growth strategy, organizational planning and visionary marketing. Before launching Ziftr and myVBO, he spent 11 years as executive vice president with PC Connection, a Fortune 1000 reseller of high-tech equipment. Prior to his employment with PC Connection, he founded two high-tech companies. Connect via social media: @ziftr and www.facebook.com/ziftr.
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