Making Yourself Vulnerable Can Be Profitable

Latest posts by Joel Welsh (see all)

As a new startup company, every day and every action item is intense. As entrepreneurs we often act in a fashion that is bold and confident with a “take no prisoners” or “damn the torpedoes” attitude. It’s what often allows us to power through challenges that would just be too daunting if we actually took the time to pause and give them a second thought while beating them into oblivion with our sheer will.

It truly works.

Except when you find yourself butting heads with another entrepreneur who is employing the exact same strategy right back at you.

Whoa! Sparks sure can fly.

And what often happens is a whole lot of posturing and smoke, without a whole lot of fruitful result.

This has been happening to me lately and it’s been the biggest challenge in the life of of our young startup company Showcase U. So after nights and nights of restless sleep, and days upon days of creative strategizing, I realized what must be done. Actually my wife realized it while I was still thinking about possibly realizing it, and shared her revelation with me.

I stopped being macho entrepreneur and became vulnerable entrepreneur. I did it because it was the right and best strategy to move forward. I was not only willing, but truly excited to give up a great deal in order to accomplish the greater good for the future.

On the surface it may have looked like a weakness or giving up. On the surface it is.

But entrepreneurs need to have vision that goes WAY beyond the surface.

Funny thing: almost immediately the entire tenor of the business relationship calmed down and we are in a much stronger place than ever before. We’ve also “been through war” with a strategic partner and our bonds are stronger for it.

Total
0
Shares
Previous Article

Homage to Romeo

Next Article

What Indiana Jones can teach you about running your business

Related Posts
unecessary expenses
Read More

Unnecessary Expenses That Startups Should Avoid 

Starting a business can be an exciting time, and the idea of being your own boss and doing what you love is alluring to many. However, with startups being so young, they’ll have additional deficits from their initial costs. While there are essential costs every business needs to pay for its day-to-day functions, it’s easy...
employee experience
Read More

Employee Experience: Culture, Involvement and Career Development

Businesses focusing on customer experience is a given. After all, no business will thrive, or even succeed, without the support of the market it seeks to capture. But ensuring customers remain happy with your products and services is not the be-all and end-all of effective business management. Or at least it should not be. An...
employee retention
Read More

Why Long-Term Incentives Are Key to Employee Retention

One of the many consequences of the COVID-19 pandemic is the enormous strain it is putting on an organization’s ability to hire talent. Many businesses are now implementing a return-to-office mandate, which is causing a large reshuffle of talent in multiple industries. To avoid the costly endeavor of continuously hiring new employees, it’s key to...
SOC 2 audit
Read More

An SOC 2 Audit: Why Your Business Should Get One

Information security is more important than ever, and part of that includes conducting SOC 2 audits. SOC 2 stands for System and Organization Control 2 report. Simply put, an SOC 2 report is designed to instill confidence in business owners and stakeholders by proving that all operations are happening in a secure manner. However, there's...