Last week, I wrote about the three biggest challenges that trip up Visionary Evangelist Founders (Type V’s) as they work to scale their businesses:
You can read the full post here, but ultimately these three Founder mistakes add up to the missing piece for Visionary Founders to scale their companies: consistent execution.
Visionary Founders are naturally focused on vision, innovation, and creativity, especially around product. There’s no question these traits are fundamental to the initial success of the company.
But when it comes to scaling and fully realizing the vision, the real determinant of success is how well the company is able to execute.
James Currier of the VC firm NFX recently wrote:
“Most people think product innovation and growth are what drive $Trillion+ outcomes. In practice, operational excellence is the key driver to executing consistently for the long term. This is how you harness creativity that compounds value over time.”
In my last post, I talked about why mastering consistent execution can be challenging for Visionary Founders. It takes iterative focus on incremental steps and isn’t always their natural happy place.
So if Visionary Founders aren’t always wired for this missing piece, what can they do to make it happen without losing their ability to innovate and create?
Here are 3 things that Visionary Founders can do to stay in their happy place and start mastering operational excellence - even when they aren’t wired for it: