At the outset, start-ups tend to be poorer paymasters, which is why they struggle at talent recruitment of the best people. Yet a lot of talent does get attracted due to the flexibility and growth prospects that start-ups provide away from the stringent bureaucracy at larger corporations. That is why for start-ups, a major hurdle is micromanaging founders. Three major obstacles are encountered by start-ups when founded my micromanagers. Such micromanagers do not let employees be empowered, which is why the organization suffers in its attempts to scale up. It is also a problem for the talent retention at the firm as few would like top continue in such a stifling atmosphere. The biggest problem encountered is that too much time spent on micro issues, takes the focus off the founder from the bigger picture. In order to empower the team, the founder needs to start off by putting trust and belief in the team. Employees need be mentored and supported. There must be some room to fail, so that employees can experiment with innovative ideas.

Source:https://knowledge.insead.edu/blog/insead-blog/how-founders-kill-their-own-start-ups-8051

Uploaded Date:18 January 2018