What are the Methods to Balance Vision and Execution?
Vision and execution are vital in building an enduring company . So how do you balance them in the formulation of your startup and benefit in the process? Here’s the challenge: On the one hand, entrepreneurs are expected to be very crisp about what problem they are solving “here and now” in a very real form. And on the other hand, investors want to hear the vision of how that can lead to building a company and not just a feature or a product. An entrepreneur’s ability to articulate a vision for how they can grow their idea into a big business is often an essential part of the funding process. The balance is vital, too, as too much of one or the other can leave either a sense of nearsightedness or of the entrepreneur not being grounded in reality. After seeing thousands of startup business pitches, we’ve learned that there are some straightforward things that can help entrepreneurs to tackle this balance. It starts with clearly articulating and sep...