As a company owner who has lead our business through a number of business model transitions during the last 11 years, I really like this article and would have benefitted from its advice when Collingwood was established in 2005.
Before even thinking of recruiting employees to join you, my top tip is to ensure you really have clarity of vision, the culture you want to develop and the skills and behaviours you need on your bus for your business to thrive.
It is all too easy to fill the bus and think growing employee numbers is a good thing, however, if you later find out they're not what you want then the pain of changing them out will be huge.
While contemporary management gurus may take exception to Iacocca’s narrow definition of management, all entrepreneurs eventually recognize that motivating other people is essential to success. And the job of being good at management never stops. In the beginning, when it’s just you and a partner, management may be about focus and productivity. But as you expand, management involves coordinating independent activities to drive group productivity. And as you scale, management evolves: from the hands-on variety to the task of teaching others how to manage. But, in the end, Mr. Iacocca is absolutely right: Success comes from successfully motivating others.