One of the biggest problems that happens at small companies is that they spend too much much time processing data. Don’t get me wrong, you need to analyze data and have procedures to analyze data. But I have often seen start-ups, especially technical start-ups, that spend way too much time analyzing and too little time acting.

As companies mature and add headcount, processes and procedures are needed. Managing larger groups of people requires documented procedures and rules. Finding the balance between over-processing and being out of control is a delicate balance for an emerging company.

A great article to review on this topic can be found in our sister publication, The Entrepreneur’s Bible.