10 Aug '13, 6am

Have just written a piece on decision making in start-ups: Decisions: Fast and Slow via @bleongcw

Reading books on how founder-CEOs have made great decisions, you see three ingredients: (a) the decision is counter-intuitive, data-based driven and not confirm to the herd mentality, (b) laying out options and really mapping the reality to the decision making process and (c) making a series of small bets to show how the counter-intuitive decision leads to a competitive advantage. You do not need to be fast in showing the world how your company is presented to the world, but you should be slow to build up every aspect even basic administration details (like your incorporation details because it impacts your shareholding and director liabilities) and accounting. The key trick is to build everything slowly and then get the building ready for prime time.

Full article: http://www.bernardleong.com/2013/08/10/decisions-fast-and...

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