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Glen Hellman
Why Business's Fail
Business's don't choose to jump off of a cliff. They go over the cliff, one bad decision at a time and when they realize they have walked over the cliff they are in a death spiral fall and it is too late to recover:
Entrepreneurs are like proud parents, their businesses are their babies and have you ever met a parent with an ugly baby?
business leaders need to constantly look at their babies and ask is my baby ugly and what am I doing to make it so? In parenthood there is nature or nurture? In entrepreneurship, it is all about the nurture. Success or failure is dependent on leadership and leaderships common fails in the following areas: 1) Inability to quickly make decisions due to:
a) bad ownership structure
b) lack of focus
c) weak leader
2) Series of bad decisions
a) inability to surround themselves with smart people
b) are not coach-able or open to advise
3) Cultural
a) lack of a clear vision and purpose
b) lack of trust or confidence
e) lack of charisma or gravitas
Every good leader must ask themselves is my baby ugly and can I be a better parent.
About Glen Hellman:
Glen Hellman is a principal at Driven Forward LLC,. Mr. Hellman works with Venture Capital Investors as a turn-around CEO for troubled portfolio companies and has driven multiple successful IPOs and M&A exits. Mr Hellman has held senior executive positions for 3Com, Progress Software, Call Technologies, Ikimbo, Proxy Governance, Cloakware, Astracon and IntelliPark. He has managed companies for a list of investors that include: New Enterprise Associates, Cisco Ventures, Intel Ventures, Geocapital Partners, Menlo Ventures, Columbia Capital and Cross Atlantic Venture Partners. Mr. Hellman serves as coach and a member of the selection committees for both Cooley's Capital Call and the Dingman Center's Capital Access Network. He is a frequent guest lecturer on raising early stage capital at the University of Maryland's, RH Smith School of Business. In addition, he is a member of the Board of the University of Maryland, RH Smith School, Dingman Center For Entrepreneurship and is a Vistage Chair.
