How can you manage change in your start-up?
It is true that old ways do not open new doors. So one can agree that your life gets better with change and not chance. If one looks around, one will realise that nothing remains the same. With advancements in technology and innovation, we are constantly exposed to change.
A start-up is also prone to change at multiple levels. Not just on the outside, but a start-up itself will be subject to a lot of change with the changing times. It will definitely undergo a tremendous transformation from where it originally started.
Here are some things to keep in mind to ensure effective change management in your start-up.
Oftentimes start-ups end up providing solutions for problems that exist. This may work in the beginning and there will be a lot of initial interest/success, however, it will not serve a long time purpose as the problem will keep on changing. The influencers are not constant.
The need of the hour here is that one has to be up-to-date with the changing scenario and the start-ups need to equip themselves to solve problems that keep on arising. Newer solutions need to be arrived at depending on what the problem is.
Understand implications and constant change
When the only thing that can be expected to be constant today is change, one has to remember that a start-up has to continue to modify itself at all times.
In order to be accepted at all times, minor changes within the start-up is not only recommended, but also a necessity. This might have something to do with the solution, the business model or some other aspect even.
Be open to Mentors
The start-up is definitely the sweat and hard work of a core team, however, the founders must be open to the advice of the mentors.
With their years of experience, their insights are bound to be factual and any reticence to them will probably be unwise. Suggestions must be heard and acted upon depending on feasibility.
Listen to the Market/Customers
There is a reason why people write about their mistakes. History is written so that we do not repeat the same errors. Research and information may not help you in stopping what is happening, however, they will assist in reducing the risks.
Listen to your customers and the market. Make changes when there is a hint of unrest there. On can find ways to improve one’s start-up’s structure and systems as well by paying close attention to the market.
Avoid fixation on solutions you have built
Since change is the law of life, it is inevitable and cannot be avoided. As a start-up, it is important not be fixated on the solutions that you have built.
Comfort zones are not what one needs to get into if you want to embrace success. Remember that it is pertinent to be prepared for transitions. Transform your solutions as one needs to keep up with the times to be effective.