5 Strong Core Values from Godard Abel

Godard Abel, co-founder of G2 Crowd, published an excellent blog post earlier today titled Home Again With My Entrepreneurial Family. After selling his last company Steelbrick to Salesforce.com, he rejoined G2 Crowd. In the post, he highlighted their five core values, referring to them as “mantras”:

  • Work with joy
  • Learn quickly and continuously
  • Buyers come first
  • Slap and tickle
  • Live at the peak

Entrepreneurs should define their core values and ensure they’re deeply integrated throughout the company. These five core values are a great starting point.

What else? What are some more example core values that you like?

Weekly Update Email

One of my favorite communication strategies for entrepreneurs post product/market fit is a weekly update email to all constituents: employees, advisors, mentors, and investors. Initially, the email should be pretty simple and then expand as the company grows and departments are formalized. Here’s an example format:

  • Intro
    • Quick paragraph summary of last week
  • Annual Goals
  • Quarterly Goals
  • Quarterly Priority Projects
  • Sales
    • The top three weekly metrics for the sales team, or for smaller teams, the top three metrics for every person on the sales team (e.g. calls, appointments, deals won, new recurring revenue, etc.). By having every sales rep listed with their metrics, it provides transparency and peer-pressure to hit their numbers.
    • Comments or highlights from last week (e.g. the name of a big customer win or story from the team)
  • Marketing, Services, Support, Engineering, Operations, etc. (each has their own section, just like the Sales section)
    • The top three weekly metrics
    • Comments or highlights from the week
  • Culture Highlight
    • A story or example from the week that exemplifies the company culture and recognizes one or more people

Yes, it’s more work on a weekly basis. Yes, it’s a commitment. Yet, when done consistently, this weekly update email is one of the best techniques for an entrepreneur to increase communication and transparency in a scalable way.

What else? What are some more thoughts on the weekly update email?

The Energy in a Values-Oriented Company

Earlier today I was in the SalesLoft office catching up and the first thing I noticed was the energy of the company. Energetic employees were everywhere — at a table in the middle of the office having lunch, on a bean bag chair doing a sales call, and walking by on their way out the door.

The energy was amazing.

An energetic environment always starts with the people and their values. Here are SalesLoft’s core values:

  • Put Customers First – Of the three stakeholders — employees, customers and investors — only one pays the bills. We win by staying close to them and adding value to their day.
  • Team Over Self – We’re committed to each other. We’re always collaborative, but put the interests of the team above our personal agendas.
  • Glass Half Full – We always move forward. We work to understand the reality of the situation, then we make the decision to focus on the opportunities.
  • Focus on Results – We understand what we’re here to do and make decisions with purpose to achieve our goals.
  • Bias Towards Action – We’re motivated. We go out of our way to figure things out and present solutions, rather than problems.

Customer-oriented people that are positive, focused, and team players sounds nice, but only works when the entire company is committed to the values. Many companies talk about values but few truly buy into them. Values set the tone and aligned cultures have a magnetic energy.

What else? What are some more thoughts on the energy in a values-oriented company?

Scaling Culture in a Fast-Growing Startup

Culture is one of my favorite topics as it’s so critical to successful organizations. I’ve seen OK cultures and I’ve seen amazing cultures — the amazing ones always grow faster and outperform their peers. Only, scaling a strong culture is hard as there’s much more complexity.

Here are a few thoughts on scaling culture:

Once the team grows beyond the co-founders, it’s time to start thinking about culture. As the startup finds product/market fit and a repeatable customer acquisition process, culture needs to be intentional.

What else? What are some more ideas for scaling culture in a fast-growing startup?

Video of the Week – Shawn Achor: The happy secret to better work

With the annual TED Conference this coming week, let’s look at one my favorite TED Talks – Shawn Achor: The happy secret to better work. Enjoy!

From the talk, here’s the happiness advantage:
Better securing jobs
Better keeping jobs
Superior productivity
More resilient
Less burnout
Less turnover
Greater sales

From YouTube: We believe that we should work to be happy, but could that be backwards? In this fast-moving and entertaining talk from TEDxBloomington, psychologist Shawn Achor argues that actually happiness inspires productivity.

5 Recruiting Resources for Entrepreneurs

Several entrepreneurs have asked for links to other resources on recruiting after posts on the Top 3 Hiring Mistakes, 5 Non-Standard Recruiting Tactics, and 7 Non-Standard Interview Questions. Here are five recruiting resources for entrepreneurs:

  1. How Startups Can Build a Recruiting Machine by David Skok
  2. Post-Traction, You Need to Spend 20% of Your Time Recruiting by Jason Lemkin
  3. How to Improve Hiring at Startups by Mark Suster
  4. Why Recruiting Isn’t Over When an Employee Accepts Your Offer by Mark Suster
  5. Turbocharge Your Recruiting Machine — Here’s How by First Round Capital

Recruiting is one of the most important skills for an entrepreneur and needs the appropriate attention. Read these resources and learn from others.

What else? What are some other good recruiting resources for entrepreneurs?

Top 3 Hiring Mistakes

Alright, now that we have 5 Non-Standard Recruiting Tactics and 7 Non-Standard Interview Questions let’s talk about hiring mistakes. As much as we work hard to build an excellent recruiting and hiring process, mistakes happen. Here are the top three hiring mistakes:

  1. Sacrificing Culture Fit – When the hiring manager and team feels pressure to deliver, and few candidates are available, people start talking about sacrificing culture fit. Don’t do it. Everything starts with culture fit.
  2. Rushing the Process – Assuming you’ll be working with this person for the next 2-3 years (if not more), that’s thousands of hours. Don’t you think you should spend several hours with the person in the hiring process, especially if they’re a manager (see Chronological In Depth Survey Interviews)?
  3. Not Moving Fast Enough When Ready – Great candidates don’t hang around for long. Once you’ve finished the process, and it’s the right person, move quickly and seal the deal. Don’t linger.

Don’t make these hiring mistakes. Ensure culture fit, follow the process, and move fast.

What else? What are some other common hiring mistakes?