Symph Talks: Priorities

If you run a business, you have to prioritize the strategies you have set for your current objectives. According to Dave Overton, CEO of Symph, a thriving company has three components: ideas, team and money.

1. Ideas

A business starts from ideas, and it keeps improving and innovating from ideas.

At Symph, ideas are our capital for changing the world the best way we know, which is building the digital products that bring those ideas to life.

Good ideas keep companies going in every industry, and without them a business is almost always bound to fail.

2. Team

The team turns the ideas into something real, and it is often where the ideas come from too.

Having ideas without the right team to make them happen is extremely hard. That is why it pays to hire people who share the company's vision or your passion. You can read Dave's tips on hiring the right team in another of our blog articles.

3. Money

Money is the fuel in your car. Your car could be a Lamborghini or a Rolls Royce, but without fuel it is only good for car shows or for bragging to your friends that you own one (which is still pretty cool).

Entrepreneurs, especially in startups, always have to find ways to secure it. It is hard to accept (trust us, we know), but the way the industry works now, ideas and a team can only take you so far.

With money to keep you running, you can keep chasing the dream that got you started for a long time.

Setting priorities

A business needs ideas, the right team and money to survive and grow, and none of them works without the others.

As the business grows, it is your job as the decision-maker to see what the company needs and change your strategy so those needs get met. Then set priorities by the current needs, because you and your team can't do everything at once and expect good results.

Your team will have to adjust to the changes, but those re-routings still get you to your main destination, your "why" for existing, more surely.

At the end of every week we have team meetings where we listen to the brains and hearts of our founders. These talks have amused us, taught us and helped each of us in more ways than one, so we are sharing them in the hope they help you too. That is where Symph Talks comes from.

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