How to start-up a business successfully...

1. 'Enjoy yourself''

2. 'Get the right people in the team and around you'

3. 'Just start!'

It's a good time to start this blog since I have something to say about starting businesses.

This follows an innovation session we ran in Sofia earlier this week, where we asked a diverse, substantial group of Sofians for their ideas on:

'How to turn start-up ideas into profitable, sustainable businesses'.

You can find a summary report here: http://www.ideas-bg.com/resources/How+to+be+a+successful+Start-up+Innovation+Session+Outputs+OVERVIEW+091124.pdf

The most popular ideas clustered around two themes:

'Emotional' ideas, namely: 'just get started!'; 'make sure you enjoy what you do!'; and 'believe that you can do it!'

Then the 'People' ideas, namely: 'Get the right mix of expertise and the right dynamic in the team'; 'get the right experts and experience around the business'; 'know that you have the right people in and around the business'

We developed the thinking on getting the right team composition and team dynamic. The main barrier to building a successful team: 'conflicting egos'!