We see it every day, companies build on passion by dedicated people crashing and not rising to their potential. One of the biggest problems is often that the entrepreneur loves what his company is working with, but part of that is not structure and focus on finances.
We started our company, a Copenhagen based agency for about 1,5 year ago. In October of 2009 we sold a part of our little baby to an entrepreneurial venture - Akasha Ventures (http://akashaventures.com).
Of cause a part of you are hurting a bit, when you let a part go, but actually I have never done anything more wise!
Last Thursday we went to the first summit, with some of the other companies being a part of Akasha, all of these Copenhagen based, they are:
ArtRebels - amongst many things an online platform for unique designers and an agency - http://artrebels.com/
Snitker & co - an Global Usability Research agency, http://www.snitker.com/
Vintage & Rare - An online platform for the finest instruments straight from dealers and builders http://www.vintageandrare.com/
The last company attending is still in incubation, they are launching very soon, its an online platform with a special and good purpose, the rest has to wait!
Some of the great things about being part of a venture is the fantastic insights you get from the other companies, the help on a daily basis from being part of a venture with a entrepreneurial focus and understanding, the feeling of being part of a movement.
On the summit, we got presented with a great tool box, which can secure that we can build a system that keeps a focus on the right things, that can structure the companies and through this help the entrepreneurs that are building their business on passion not to crash, because of the lack of structure and focus on simple things like cash flow.
Building an entrepreneurial movement is one of my personal great passions, so this will not be the last time, I share my experiences and thoughts on this with you!