1. Build a team to compensate for your shortcomings.
Even a seasoned executive needs a sounding board of people who can offer guidance, particularly for areas that fall outside his or her core expertise. For young leaders, this is essential, to avoid serious mistakes. Lack of experience can lead to very painful consequences: hiring the wrong people, spending too much money, getting stuck with bad contract terms, or falling afoul of the law — to name just a few.
Consider the example of Mark Zuckerberg and Sheryl Sandberg at Facebook: He drives the products, while she is the more business-oriented person. They complement each other with their skills, and work together to achieve a common goal of building a successful company. Google co-founders Larry Page and Sergey Brin (both 25 years old when they founded the company) brought in a more experienced Eric Schmidt so that they could gain management depth before taking over in their own right.
When building your leadership team, then, don’t look for people who are exactly like you. Find those who can round you out and challenge you to grow.
2. Use the power of positive — and negative — thinking.
If you are launching a business when you are still in your 20s — without scars from past challenges — you will have some advantages and many disadvantages…
3. Practice humility…
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