The Notorious C.E.O.
I came up on this real nice article today, over at a blog I frequent: The Metric System. Titled the "The Notorious CEO: Ten Startup Commandments," Robert Moore flips the classic song and applies it entrepreneurs tryin to come up.
“Rule nombre uno: never let no one know how much dough you hold”For the entire article, click here.
For most companies, there isn’t a tremendous amount of upside to disclosing financials. As such, few privately held companies choose to do so. As Biggie says, broadcasting your financial performance can “breed jealousy,” increasing operational risks and arming your competitors with a more informed sense of your company’s weaknesses.
“Number two: never let ‘em know your next move”
Innovation drives long-term business value. If your company prematurely discloses its strategic plans, it gives your competitors a head-start on emulating or surpassing your innovative strides. It may be tempting to post your 12-month plan on the company blog, but beware the strategic edge it provides to your competitors once it’s out there.
“Number three: never trust nobody”
A healthy sense of paranoia is a valuable asset for business operators. Businesses should take steps to protect their intellectual property, including protection through patents or well-protected trade secrets."