Jake Slatnick is an American entrepreneur as well as a philanthropist. Together with his long-time friend Eric Goodchild, they formed Aira, launched in 2017.
The idea came after they had attended a Wireless Power Conference in San Francisco. The discussion was about coming up with the wireless charging industry to avoid pollution. As a result, the company has partnered with various organizations and capital ventures, making it succeed.
I believe innovation and invention can come from small ideas that we assume daily. For example, it is all about putting small spare parts together to build something great in the garage industry. But as we push harder to eliminate traditional ways, the modern tricks cannot achieve 100% of our goals.
Sometimes, small startups worship tech giant companies like Google, Apple, and Microsoft. Some think the heavens will open, and their companies will shift to that zone. Instead, miracles happen, but not without hard work.
Waiting to achieve an “overnight success” might be a dream. However, there are no random thoughts if you design a business or prepare a marginal plan. It’s all about being committed and showing some consistency. Here are four factors that might help you:
Have a good Team
A startup running under the management team that formed it can grow faster. Those founders share some dreams. They know what they want. Your big ideas must be confronted by people who can relate to them. If you want to start a garage company, space is essential. It would help if you had many hours to brainstorm the next step. That’s where a team comes in to help with different ideas.
When you employ the whole five fingers that can form a fist, then your garage company is secure. There is no secret to hiring a good team, and you will always find mistakes among the people. Identifying a person who can relate to and understand your idea might sound good. A positive, motivated mind will take you to the next level.
Remaining in positive focus
Running a garage startup, then “focus” is essential. There are moments when you will possess less capital, but you want to do a lot. Dealing with all the departments in your company is tiresome. It can mess up your schedule until you forget your main goal. As a CEO, you have no opposing power in the company; therefore, you should make your decision right. You are the person to remind others about the goal of the company.
Remember, you are pushing towards a financial freedom zone. Remain consistent and promote your team. Talk to them frequently to stay motivated towards the goal. Ensure that you have achieved your main goal at the end of the day.
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Keep your goal lean
In the garage, when you think of all the people working there, you will notice how hectic it is to run a large company. The small top-up ideas from minor employees can greatly impact the garage company. But the small team can build something large only if they focus and put in more effort.
The engineering team focuses on a specific industry to ensure every technical activity has been done well. At Aira, we put specialization top-notch. We put more energy into the things that could have the biggest impact on the business.
Although there are other minor ideas, we will come to them later after achieving our goal. If you spread yourself, you will become thin, hence losing focus.
Appreciating your team
The top-down management style has cost many companies for a long time. That’s not employed in the Aira. We are working as a team, and everyone has the authority to correct another. So we don’t take a lot of time to convince the management that this direction will take us far during meetings.
I believe startups are like small kids trying to solve complex problems. Listen to every word from your team members.
Building a startup means being flexible. You are ready for any change. Embrace any step that you make. If one of the teams does something “Cool,” be ready to appreciate them. If you are running a garage startup, you will need to work extra hard to expand your territory. Nothing is easier.
To a younger Jake Slatnick, don’t put too much trust in people you aren’t familiar with. For example, let’s say you set up a company and hired some workers, and they’re not your friend. You know less about them. Keep boundaries. Don’t mix friendship with business.
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