Google was started by a couple of Ph.D. students from Stanford University. Its annual revenue which started at less than 2 billion dollars surged up to 110 billion dollars in 2017.
Apple was founded when school going Steve Jobs met college freshman Steve Wozniak. Their handshake is still considered as one of the famous handshakes. The company which started with nothing has magnified its growth up to 235 billion dollars.
Facebook was published by 4-5 college going teens in the Harvard University. It made modest $382,000 in its commencement year while its IPO held in 2012 made a lot of buzzes as it valued more than 104 billion dollar— the most by any company.
We can’t rule out Microsoft when we talk about drawing inspiration from the existing leaders. Bill Gates and Paul Allen were school going teens and were fond of each other’s ideas. They started their journey from 16000 dollar revenue which has reached a massive 110 billion dollar market cap.
These stories are not trumped-up, they have happened in real life, and these leaders have doled out several lessons in scaling up the businesses. They evaluated what market missed, they iterated their ideas in the marketplace, and they started as a lean startup.
Once they got the linkage between the viable product and the market need, they stratified into strong personalities.
So, with the plenty of leaders and their stories up front, it’s right that we ask ourselves “how to level up our businesses?”
Let’s leaf through some of the lessons from the champions who converted startups into large-scale enterprises:
Bill Gates (Microsoft): Innovating Trickling Rule
If you have got the threshold to start your own business, you should get the threshold to make it run.
According to Bill Gates, a business fails when it becomes stagnant while many Startups who do exceedingly well in the initial years fail to keep up the pace with the innovation.
A company doesn’t grow with the technical aspect only as it needs a blend of cultural motivation where everyone in the organization is convinced that moving fast is the only way to survive.
Jeff Bezos (Amazon): Two Pizzas Rule
When Amazon was a startup, Jeff Bezos applied the two-pizzas rule for bringing out the efficiency in the staffs.
Generally, small startups of 15-20 work personnel or more rely on large group meetings.
It leads to HiPPO (Highest paid person in the organization) or groupthink phenomena which paralyze or kill the creative potencies in the new or low paid employees.
Jeff believes that groups should be small enough to serve two pizzas (may be between 5 to 8 people).
Anything above that could deny wings to your startup.
Marc Randolph (Netflix): Reinventing HR rule
Marc Randolph and Patty McCord (HR) from Netflix took a unique approach to set up the company’s culture.
They believe that most of the startups fumble because they fail to reinvent their HR policies. They cling to the old school textbook ideas and fail to empower their employees.
Their mental picture is clear: Hire someone who’d place the company’s interest first, reward them for their positive results, and encourage them to own up the responsibilities.