As our managed rollout of MyPunchbowl.com picks up steam, it’s becoming more important than ever for me to organize my priorities everyday. Sometimes my focus is on marketing, sometimes I’m thinking about raising money, and often I’m focused on how to make the best damn event & party planning software in the planet.
To organize all of these priorities, I tend to start every day the same– I consult with my virtual business advisor “TIMO.” Timo is an acronym I invented to remind about me about how to prioritize my thoughts on a daily basis. It goes something like this:
T = Team: How is the team doing? Is everyone excited about working on MyPunchbowl and working on things that they are best at? Are there additional people that we need to bring in to help achieve our goals?
I = Idea: What areas of the product need work? Are there user interface issues to discuss? Do we need to prototype any new functionality? Are we focused on the unique parts of the product?
M = Money: Are the bills paid? Is there anything I can do today to improve the company’s financial health? What do we need to do to keep the fund raising efforts going?
O = Opportunity: What market opportunites are out there? What partnerships can I work on? Are there opportunities in any area of the business that I can act on today?
In my next post I’ll explain why I think TIMO is the correct order for any startup.
Timo helps me organize my priorities everday. What do you think? Do you have other simple ways to organize your startup’s priorities?