Introduction

Interviewing some of the high-profile CEOs from companies such as Blue Apron, Indeed, Dallas Mavericks, and Waze was a success. These CEOs gave valuable and practical information that can benefit any entrepreneurs who desire growth. Furthermore, the discussion with Dave Gilboa, the co-founder and co-CEO of Warby Parker.  A partnership company that deals with eyewear, co-founded by Gilboa and Neil Blumenthal. This team introduce the sale of prescriptions glass online through a campaign “Buy a pair, Give a pair”. As a result, the team made expensive glasses easy to access, thus growing their direct consume base. Learn more information please visit here https://www.business-plans.com/

The following ten tips made Gilboa and his associates able to steer and transform Warby Parker as one of the leading eyewear brands.

#1: The value of people management

In running a business, the value of people management is a priority that should never be underestimated. Gilboa narrates that during his classes in business school, he ended up skipping the most crucial classes. As a result, he lost the most vital classes that could see him run a business effectively.

#2: Your partner should align with the values and the mission of the business

During the inception period of a business, the co-founder should believe and internalize there dream. As a result of this deep like-minded altitude, Gilboa narrates how the team overcame negative critic. When people could not believe in the success of  Warby Parker, their opinion was not a determinant.

#3: motivate and change the mindset of your clients 

Though one of the co-founders was aware that customers had never sought online services to buy their eyeglasses, Gilboa believed that offering better value on the services as they improve their customer's experience could change their mindset. 

#4: Introduce the use of 360-degree reviews to your key team members

It would be best if you introduced 360-reviews to the key team members during inception. Ensure every member adheres to them. When Warby Parker opened the online business, the team headed by Gilboa was busy doing the monthly 360-reviews designed to open up honest conversations that could help it figure out and improve on their weakness. 

#5:  Let your team generate company values                                          

At Warby Parker, when the team grew to 20 people, every team member was requested to volunteer some values that could be entrenched on the company's core values. As a result, more than 200 suggestions were made and discussed thoroughly. Out of the discussion, they noted down their core values.

#6: Don’t attend every meeting

Though many business founders have a strong urge to attend every meeting, Gilboa advises when the number of your company employee increases, you are left with no options but to choose the most crucial meeting. That way, you should always have people who are experts in what they do. As a result, you will easily trust them to handle crucial tasks in your absence.  

#7: components of a good leader

 The following are the three important traits that Gilboa thought every leader in business should processes.

• Leaders should set, own, and run with the vision of the company.

• Ability to lead the team through the tuff and challenging moment

• Improve the performance of their team by collecting and utilizing feedbacks.

#8: Be ready to take risks 

Be ready for every risk early enough. Any failure encountered along the way should be a learning opportunity that will keep you on track. Gilboa narrates and reminds us that safer options are always there. As a result, it is advisable to use them when the need demands.

#9: Have adjustable core values

At Warby Parker, the constitution is a set of core values. Occasionally revising it improves the work experiences. As a result of these adjustments, Warby golden rule has undergone some changes to “Treat others as they want to be treated” from an initial rule that started “Treat others as you wish to be treated. Though the changes are small, Gilboa says they are powerful because they are built on empathy. Need more information please visit here https://wimgo.com/

#10:  Use a co-CEO structure

Though the structure does not apply to everyone, Gilboa and Blumenthal demonstrated that the method is applicable. These friends had a commonality and were passionate about what they do. Their success was because their friendship came first as they frequently re-visited a co-CEO's roles to ensure it made sense to them, as a result of this Warby Parker succeeded.

Conclusion

In this guide, Gilboa illustrates good leadership entrenched in the roots of friendship can steer any partnership business to success. Using the ten tips, he further demonstrate how Warby Parker grew from just a normal startup to successful eyewear brand. Adhering to the ten tips can turn around any business to success.