Thursday, April 04, 2013

55 Point Checklist to Grade Entrepreneurs

Entrepreneurs are truly blessed more than any other profession in the world. We may not all be entrepreneurs but we might be "etrepreneuring" here are the checklist  to grade entrepreneurs.

Vision / Strategy
1. See opportunity where others see issues.
2. Have a discipline for making decisions among various opportunity cost.
3. Rapidly double down on something when it starts to work and blow it out to its full potential.
4. Balance “gut decisions” with of a love of data-driven decisions
5. Focus on the one most important thing
6. Stay attached to the problem they are trying to solve, but be flexible in the solutions to solve it.
7. Know when to apply a Reality Distortion Field
8. Protect their downside and prevent the organization from being put at risk

Leadership / Management
9. Communicate expectations clearly, build buy-in and hold everyone accountable (most of all themselves)
10. Encourage open feedback on what they can improve
11. Put others in positions to make critical decisions and drive key initiatives forward.
12. Prefer to give credit than to take credit
13. Do, or have done, what they ask others to do
14. Remain organized and disciplined in any work habits that affect others
15. Seek out and follow the council of advisors in and outside of the business.
16. Balance “Coaching and Cheer leading” vs. “Doing and Directing”
17. Know when to set unrealistic goals
18. Regularly thank and appreciate others for a job well done.
19. Make themselves consistently accessible to their team
20. Are honest and ethical in all their dealings

To see the complete list here on Forbes' 55 Point Checklist to Grade Entrepreneurs