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5 killer lessons from our first year as a startup

(Hint: you won't find the word 'easy' on the list!)

· Business Strategy,Success factors,Startups

A little over a year ago, we took a leap of faith and left the security of long-term management roles with a large Australian goldminer to start our own business. 

With 40 years of IT strategy, business transformation and portfolio management experience between us – and with technology and efficiency having become the undisputed pillars of successful organisations – we knew there’d never be a better time to strike out on our own and put our expertise to the test.

And so, in October 2014 TACT was born. Hard to believe it’s been a year already. We’ve had the odd teething problem along the way of course – what self-respecting business doesn’t? But those of you who’ve followed our progress will know we’ve had a genuinely satisfying first year. We’re working with some great clients, have a number of exciting projects in the pipeline and have plenty to look forward to in 2016.

What have we learned so far?

#1.  Starting a business is way more difficult than you think it’s going to be (and a whole lot more rewarding as a result).

#2.  That ‘to do list’ you put together before you launched; triple it, then triple it again, and that about covers how much work is involved!

#3.  People come and people go, but true believers will stay for the long haul – choose partners wisely but don’t let personnel changes deflect you from your core purpose.

#4.  Be strategic. Be flexible. Develop alliances – and stick to them (they’ll keep you afloat in rough weather).

#5.  Not all businesses run at the same pace as your own – timing is everything. Stay positive and have faith that your abilities will bring opportunities your way.

Here's to the next 12 months!

Thanks for reading,

Carl and Tom

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