Entrepreneurship in the Kingdom of Saudi Arabia

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The Entrepreneur’s Way: Breaking Down And Rebuilding

Philip Palaveev

Jun. 28 2011 – 2:19 pm

Creating a business is an act of constant breaking down and rebuilding. It is an often torturous process of painstakingly building something only to take it apart and try to improve it. It is ridden with self doubt and one difficult decision after another seemingly always on the brink of break-through or disaster.

Some entrepreneurs go through it the ease and gusto of an experienced skier who is coming down a steep slope – they jump with grace from one bump to another, always flying and out of control, yet always in balance. Others go through the process much like a grandmaster playing a game of chess against themselves – contemplating every move carefully, examining each strategy from both sides and proceeding slowly and cautiously in a perpetual struggle of ideas.

Me… I am fascinated and enchanted by it. I spent years watching the process and trying to help entrepreneurs with their creations. Then I took to the slopes myself and continue to try to do it on my own. I guess you can say I am like a chess-player trying to ski.

I’d like to use this blog as a chance to reflect on the process of building a business and the experience of entrepreneurship drawing on my personal experience as President of Fusion as well as the hundred and twenty firms I regularly work with as Fusion clients.

What I really focus on is the experience of the entrepreneur – how do you make decisions? What does it feel like? Most of all – How do you manage yourself? How do you improve your own skills as a manger, as a strategist, as a coach? How do you reconcile the short-term and the long term? How do your emphasize relationships but also prioritize the needs of the business? How do you recognize your own flaws and how do you sustain your drive and interest through the constant process of tearing down and rebuilding.

I am always interested in management theory (as much as there is such a thing) but most of all I want to focus on making practical decisions. In particular, I hope we can discuss:

  • Understanding the industry and the environment we operate in
  • Creating and structuring partnerships
  • Organizing and compensating employees
  • Financial analysis and decision-making
  • Managing equity and doing deals

I meet amazing entrepreneurs all the time—all of them with lessons of their own. I will share my thoughts but would welcome yours as well, because as with chess and skiing, you can do it alone, but it is always more rewarding when you share the experience.


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