While complementary strengths are valuable, it's critical for partners to identify skills they both lack. Recognizing these shared blind spots is key to knowing when to bring in an employee, mentor, or coach to fill the gap, preventing the business from stalling in those areas.
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Blippar's co-founder realized her skills were perfect for the startup-to-scale-up phase but that she became a bottleneck at scale. Her inability to delegate meant others were better suited to lead the scaled team. This self-awareness is crucial for founders to prevent stalling growth and empower their organization.
Before hiring for a critical function, founders should do the job themselves, even if they aren't experts. The goal isn't mastery, but to deeply understand the role's challenges. This experience is crucial for setting a high hiring bar and being able to accurately assess if a candidate will truly up-level the team.
Success requires identifying your personal failure modes (e.g., fear of shipping, chasing novelty). An unacknowledged weakness is a blind spot that leads to self-sabotage. Progress comes from turning these blind spots into known weaknesses you can build systems to overcome.
Many viable products fail not because they are bad, but because the introverted creator cannot sell or network. The solution isn't to change their personality but to find a co-founder who excels at sales, fundraising, and client relations, creating an essential alchemy of talent.
Many entrepreneurs love their core business but lose motivation as their role expands to include responsibilities they dislike (e.g., finance, operations). The solution is to reinvest early profits into hiring employees to handle these tasks, freeing the founder to focus on their strengths and passions.
Self-aware managers recognize that their strengths and weaknesses are two sides of the same coin. For example, being deeply thoughtful (a strength) often means not being quick on your feet in meetings (a weakness). Acknowledging this link is key to personal growth.
After eight years of grinding, the founder recognized he had taken the company as far as his skillset allowed. Instead of clinging to control, he proactively sought an external CEO with the business acumen he lacked, viewing the hire as a "life preserver" to rocket-ship the company's growth.
A key advantage for couples in business is when their skill sets are complementary. This natural synergy allows them to "share the load" effectively by splitting responsibilities according to their innate talents, helping the business go "further faster" than a single owner could.