10 Things I Wish I Knew Before I Took My Company Public

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Opinions expressed by Entrepreneur contributors are their own.

The knowledge of becoming a nationalist institution is greatly misunderstood successful galore markets.

My inheritance moving successful healthcare and being an precocious maestro successful captious attraction medicine gave maine awesome strengths successful accessing situations, strategies and outcomes, but it did not springiness maine nan skills I needed to lead a nationalist company. Those skills had to beryllium learned, and they had to beryllium learned quickly.

When you comprehend nan connection "public company," done nan eyes of an American businessperson, it typically makes you deliberation of nan occurrence of NASDAQ companies. If you return your institution public, you expect to beryllium pinch nan apical minds — nan ones pinch stoic determinacy, business skills and versatile leadership, consenting to return connected nan world. Yes! That is simply a position I perfectly wanted to beryllium in! Passionately knowing I personification nan solution to reside nan intelligence wellness crisis, I ignorantly said, "Yes, let's go," erstwhile asked if I wanted to return my mini aesculapian convention to an world securities exchange.

That's erstwhile I began being introduced to a specialty I knew point about, and my sole spot connected professionals and experts "being nan best" became sorely viewed arsenic I saw nan volition to genuinely make alteration didn't exist. Given my company's ngo — to alteration nan world 1 life astatine a clip — I expected those consenting successful helping maine return my institution nationalist would beryllium authentic, and would want to thief virtually prevention group from nan intelligence wellness business we're experiencing now. But unfortunately, not everyone has bully intentions; immoderate personification succumbed to greed owed to judge of nan dollar.

Related: 5 Tips for Deciding Whether to Go Public aliases Stay Private

Short-sighted visions, self-importance, egos and nan petition for powerfulness return over. The distaste, disgust and honestly, laughability of watching men proscription fits because of their petition to effort to powerfulness what I created and their yearning desire to powerfulness maine has been a show to see. The pushback and grounded attempts of conflict takeovers "because of a girl" personification only built my reside to push harder.

The emotion I erstwhile had of being an imposter successful this domiciled quickly dissolved erstwhile I realized I had nary different premier if I wanted to prevention nan institution I created and what galore unknowingly (and knowingly) tried to destroy.

These are nan lessons I personification learned from this venture:

  1. If you personification zero nationalist institution acquisition and a squad seeks you retired to beryllium nan CEO, be very wary. Can you do it? Yes. Should you? Probably not. If you return to, beryllium caller to guidelines your crushed and conflict for each personification who believes successful your vision. The investors, nan staff, nan clients… everyone. Do not fto anyone effort to strong-arm you by forcing you to enactment only for their champion interest, because their individual interests are not your responsibility.
  2. Evaluate spot accordingly. When everyone tells me, "trust nary one," that is simply a life I don't want to live. I want to beryllium consenting to spot and expect that I can, though I personification changed my views successful business to look astatine everyone pinch their ain individual mission, imagination and values. At 1 time, I looked astatine everyone arsenic a unit connected my squad that would thief nan squad succeed. I personification now learned that those squad spots personification to beryllium earned, and are only earned complete time.
  3. Expect that everyone is successful it for themselves — but erstwhile they beryllium to you they are successful it for nan ngo of nan venture, respect it and beryllium grateful.
  4. People will effort to destruct you — don't fto them. Make nan effort to continually study astir yourself. Know you are not cleanable and that you will make mistakes. Make an effort to amended your emotional, physical, intelligence and belief health.
  5. Have nan spot to look within. When personification accuses you of point that you cognize isn't true, personification nan expertise to bespeak and inquire yourself: How did that personification get nan belief to construe nan business arsenic they did? Just because they whitethorn beryllium wrong, doesn't mean you can't personification empathy for their different perspective.
  6. Learn to communicate. Even if you deliberation you are an fantabulous communicator, study to walk better. This does not needfully mean communicating more. This intends to walk overmuch effectively. Respect your time,the clip of others and nan powerfulness of communication.
  7. Do not debar investors. Many entrepreneurs spot investors arsenic a threat. Put your mindset successful a position of learning. When you are incorrect aliases are ignorant connected a subject, study from it and alteration it. Keep improving yourself.
  8. Do not quit. Through nan anger, nan fear, nan sadness, nan numbness — do not quit. Your ngo is bigger than you. Expect each of nan emotions and build from them.
  9. Learn nan connection "commitment." When you perpetrate to a company, they show you that you personification to beryllium joined to nan institution for a minimum of 5 years to make it succeed. Commitment intends you prioritize nan institution complete everything. This is simply a relationship that should not beryllium taken lightly. If you don't commit, you will fail.
  10. Learn to rebalance. I personally measurement goals pinch nan institution successful sprints, spot and marathons. If you don't find a measurement to categorize and rebalance, you will fail, because 1 of your individual pillars will fail. Burnout, motivation, discipline, intelligence wellness — each of these items should beryllium greatly respected, and erstwhile you commencement noticing 1 creeping up, rebalance; find yourself, again and again and again.

Related: Your IPO Could Fail If You Don't Follow These Communication Strategies

Keeping these insights adjacent to your bosom will thief you to personification immoderate consciousness of what "normal" is because until you spot it, do it, thatch it — you won't cognize what "normal" entails.

Find a mentor, personification a battalion and build an business astir you of your protectors — group who not only judge successful you, but group who judge successful your mission. It's a type of sacrificing emotion that you will petition successful bid to complete what you group retired to do.

Learn really to emotion and respect your mind, your bosom and your discipline, and don't fto anyone break you.

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