Start-ups are often viewed as soulless, money-driven entities, but they can also be the embodiment of their founders’ passions and values. This shift in perspective can make the difference in their success or failure. A start-up’s ‘soul’ can be defined as its core values, mission, and culture, which should be clearly communicated to its employees and customers.
In the early stages of a start-up, the founders’ beliefs and values play a critical role in shaping the company’s culture. However, as the company grows, maintaining this ‘soul’ can become a challenge. Therefore, founders need to ensure that their values are deeply ingrained in their company’s DNA and that they are hiring people who align with these values.
A start-up’s ‘soul’ can also be a powerful tool for attracting customers. People are more likely to support businesses they feel a personal connection with. Therefore, start-ups should strive to build authentic, meaningful relationships with their customers.
Finally, a start-up’s ‘soul’ can also be a source of resilience. Companies with a strong sense of purpose are more likely to withstand challenges and bounce back from failures. Therefore, start-ups should not overlook the importance of finding and nurturing their ‘soul’.
Go to source article: http://www.fastcoexist.com/3027874/futurist-forum/searching-for-the-soul-of-startups