Tools for Founders

Startup Tools: Almost every new venture founder gets to a point of near overwhelm, or thinks, ‘I don’t know what to do’. I have found that there are two ways to confront the situation:

  1. try describing the situation in a different way; easy to say though hard to do;
  2. put yourself in a different circumstance so you can avoid your present conviction;
  3. think about what information can help you decide.

What do you see—the wife or mother-in-law, in the image on the right?

There is help at hand. There are many simple tools that you can use to facilitate both understanding and decision making—on setting strategy and monitoring performance. I suggest you take a look at them all to get an overview. Then when you face something tricky you will probably remember one of them that you can put to use.

The reasons for using these tools are many but include:

  • uncertainty about what to do next, or what priorities to set
  • you want buy-in from the team
  • you want to tap into the knowledge, skills or experience of others
  • if the issue is complex and you need to put some shape into thinking or data.

You will probably find as I have done over the years, that you will use more than one tool to deal with a single issue. Don’t be afraid to mix and match.

Some of the many tools in the list below are in the public domain and others I have created myself, based on long and painful experience.

Current List of Tools

This is a list of tools which I have found useful on the entrepreneurial journey. There are surely many others. Please tell me about your favorites that are missing. AND if you see errors, or things that you don’t understand, likewise, please let me know for the benefit of all users.

Tools for Planning

Tools for Optimizing

Tools for Analyzing

Tools for Deciding

Tools for Implementing

Tools for Controlling

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