December 21st, 2016

Why do 9 out of 10 businesses fail in the first five years of their existence? Its something even more fundamental than missing out to apply the basic fundamentals of entrepreneurship in the excitement of either chasing external funding or product / service development without customer discovery. That fundamental component is Leadership Depth. Jim Collins calls them Level 5 Leaders, we call them Gear 5 Leaders. Based on his extensive empirical research, Collins established that all organisations that cut-over to greatness had a CEO who was a Level 5 Leader. Other organisations died the death of mediocrity over a period of time. Entrepreneurship Programs / Start-up Accelerators would contribute to greater start-up success if they focussed equally on building Level 5 Leadership in the founders that they are coaching. Love, Jyoti.