Neurons to Electrons {Transcribing thoughts into digital words}

Wednesday, June 20, 2007

Should you be "Doing It Yourself?"

"Do It Yourself (DIY)" is the most strongest urge that every entrepreneur faces several times in his career and it is one of the hardest ones to get past.

Necessity breeds the DIY attitude. When we started Wirkle we had a tendency to try and do everything ourselves. Going back to good old days we were doing all those things that were needed for a successful start of any good product development company. Varun and Sunil were coding as we did not had enough money to hire fulltime programmers. I was busy learning and writing patents as we did not had money to pay lawyers. Starting from "Studying Technologies" to "Developing Prototypes" to "Learning HTML for designing our website" to "Preparing Business Plans" to "Finding Leads" to "Pitching VC's" to "Finding Office Space" to "Depositing Phone Bills" to "Opening Bank Accounts" to "Managing Finances (almost upto a point of being a charted accountant ourselves) to atleast 50 other things that are hard to count were all that the three of us were doing that because at that point IT WAS NECESSARY.

Sooner than later, as we began to grow: these things started to grow on us and we had an exponential growth in the amount of things that needed to be accomplished by the 3 of us...so we hired programmers, system administrators, HR executives and hence the team began to grow. We are still involved with several day to day activities of the company and more often than not find us getting trapped into the DIY. If some bills are pending we are like okay we will do it...if a new project manager need comes we are like okay we will do it ... if an office space need to be found we are like okay we will do it, so on and so forth. Now some of these tasks are certainly unavoidable and we certainly have no alternative but to do it ourselves, yet there are zillions of them which we shouldn't be doing but we still always have a tendency to "DO IT OURSELVES"...

For growing to the next level this is one of the most important lesson that I have learnt ... Don't think that you can do it all...rather figure out the next move and outsource it to someone who can do it better (for CA can almost always better manage accounts and lawyers can write patents better)


Thoughts?