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	<title>Comments on: Building value vs. building ego</title>
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	<link>http://www.josephdwyer.net/2008/04/18/building-value-vs-building-ego/</link>
	<description>inveterate entrepreneur, and occasional pontificator</description>
	<lastBuildDate>Sat, 13 Mar 2010 20:11:30 +0000</lastBuildDate>
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		<title>By: admin</title>
		<link>http://www.josephdwyer.net/2008/04/18/building-value-vs-building-ego/comment-page-1/#comment-62</link>
		<dc:creator>admin</dc:creator>
		<pubDate>Sat, 13 Mar 2010 20:11:30 +0000</pubDate>
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		<description>Ameet - I made lots of decisions that I should have reconsidered. I guess I should write a blog post about the specific errors I made; it would be good to remind myself, and hopefully useful for whoever actually reads this blog ;-)

Some general examples of things I did include growing for the sake of getting bigger, but not necessarily better. I measured success in terms of externally visible factors like number of employees, and how fancy our offices were. As a result, I burned cash that would have been better spent on improving the less visible (but critical) things such as project management systems and training. For example, we spent about $50k on furniture out of a funding round of $500k one time. It looked nice. It was very sturdy. I felt important sitting behind the big wraparound desk in my office. But it didn&#039;t really advance the company. It just advanced my ego. That&#039;s the sort of thing I&#039;m talking about.</description>
		<content:encoded><![CDATA[<p>Ameet &#8211; I made lots of decisions that I should have reconsidered. I guess I should write a blog post about the specific errors I made; it would be good to remind myself, and hopefully useful for whoever actually reads this blog <img src='http://www.josephdwyer.net/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p>Some general examples of things I did include growing for the sake of getting bigger, but not necessarily better. I measured success in terms of externally visible factors like number of employees, and how fancy our offices were. As a result, I burned cash that would have been better spent on improving the less visible (but critical) things such as project management systems and training. For example, we spent about $50k on furniture out of a funding round of $500k one time. It looked nice. It was very sturdy. I felt important sitting behind the big wraparound desk in my office. But it didn&#8217;t really advance the company. It just advanced my ego. That&#8217;s the sort of thing I&#8217;m talking about.</p>
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		<title>By: Ameet Mehta</title>
		<link>http://www.josephdwyer.net/2008/04/18/building-value-vs-building-ego/comment-page-1/#comment-60</link>
		<dc:creator>Ameet Mehta</dc:creator>
		<pubDate>Sat, 13 Mar 2010 19:47:36 +0000</pubDate>
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		<description>What sort of decisions did you make that did not create value for the company?  Did you run your ideas/decisions by a mentor before you made them?  How can a first time entrepreneur avoid such a mistake?</description>
		<content:encoded><![CDATA[<p>What sort of decisions did you make that did not create value for the company?  Did you run your ideas/decisions by a mentor before you made them?  How can a first time entrepreneur avoid such a mistake?</p>
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