Tekriti is now over 6 months old. We will be moving to a bigger and better office in October. I was looking back over the past months to see what we did right and what we did wrong. Its still early days to know the long term impact of the decisions we have made so far. But from how it appears today, here are my learnings.
Things we did right:
1. Worked hard We have worked really hard ever since we started. Everybody has put in several night outs, worked almost all weekends, and have had on an average, 85 hour weeks.
2. Hired right We have been very patient with our hiring. On several occasions we missed out on assured revenue just because we did not have enough headcount. But we have resisted the temptation so far and I hope we can continue to do that. Consequently, we today have a team which is really motivated, feels part of the company and realizes that it is part of an elite group.
3. Spent right We have managed to prioritize our spendings in the right manner. Almost all spendings went into infrastructure and hiring. I don't think we have been overly tight with our money but we have managed to put it to good use. Providing free lunch to all employees is an example.
4. Bent backwards for clients We have really bent backwards at several occasions to accomodate our clients. Often this meant taking calls late night, or working weekends or doing stuff that was not part of the original deal. I am told that this is usually not a good practice as it sets wrong expectations amongst clients. Perhaps that is true but for a young company like ours, client is king and I really hope we can continue to provide a delightful customer experience.
Things we did wrong or could have done better :
1. Did not hire an admin The biggest mistake that we have made so far (and continue to do so!!!). Not having an admin can divert you from your core responsibilites. Spending time on mundane activities like chasing vendors or paying bills is a total waste. We interviewed several candidates for this position but did not find anybody good enough. And then we stopped looking. That was a mistake. Now we are waiting to move to the new office because current office really doesn't have enought space to seat an admin.
2. Tried too hard to look into the future This is the best lesson I have learnt till date. Don't try too hard to predict the future. In a startup, things change everyday. One can prepare for the worst and hope for the best. But almost certainly, how things turn out eventually is something completely different from what you had imagined. This is where one has to go by instinct and take things one day at a time. I spent countless hours worrying about issues that never cropped up and never anticipated the issues that actually did come up. I have to admit tht I am still not rid of this disease of "analysis-paralysis" but I am starting to get better :)
3. Kept sitting on paperwork This was partly a consequence of not having an admin. But at times, we have waited till the last day to do our paperwork, handle our finances or just pay our bills. It tooks us months to even get a name registered for the company. Often time we were just so deeply engrossed in our work that these kind of things just fell off by the side. Now I have realized that as an entreprenur, all this part of the job description and as important as the technical aspects of work. That is something I am hoping to get better at in the coming months!
