Executive To Entrepreneur
I recently attended an interesting talk by a former CIO turned entrepreneur / CEO. I wanted to share a few key points from this session. First, about this CIO. He had done a number of senior IT stints at very large companies but he was not satisfied with his successful career. He was full of energy and enthusiasm so at age 50 he left his comfortable career and launched a RFID startup. The company is a huge success so far and growing rapidly.
He talked about the usual but wrong perception that most successful entrepreneurs start their business before 40, how he built his team by cherry picking executives from other companies and how he adjusted his lifestyle to the demands of a startup. If you have undergone a major change in your career you can appreciate the transformation here. For me the most interesting part was that he had a great understanding of personalities and what makes a team click.
He mentioned that many executives  become a victim of their own success because they start believing that they are the “kings” and their subjects should follow them. They are unable to listen and are completely unsuitable for a start up environment. I could not agree more with this. Time and again I have seen senior management make this mistake and they lose touch with reality.
Another key take away was that its all about building the right team, having contacts and letting go of your ego. You are never smart enough to know everything. Learn to let go and delegate.
PS: I am back after a hiatus of few months which involved job change and an addition to my family. I’m having great fun but finding it hard to keep up with blogging.

4:58 pm
Good to see you back Babar!
8:56 pm
what with the anonymous references in your posts?
I think it would help us if we can also know the persons name.. who is “he”? DON?
The reason I am asking for names is so that us young folks can associate a story with a name..
btw welcome back
10:17 pm
Thanks Osama and OB. Here’s more info about the speaker: Jack Dowling, Founder and CEO, VOTUM.
http://www.mitforum.com/forums.asp
11:20 pm
thanks Babar.. really appreciate it..