Philly Startup Leaders' lecture series
Entrepreneurs Unplugged can always be counted on for a great bootstraping, one-man-against-the-world story. But for Mike Rappaport, founder of tech consulting firm
Chariot Solutions, going it alone was not an option. Founded in 2002, Chariot has become a million-dollar application consultant company with over 50 employees and has been voted the best place to work amongst small businesses in Philadelphia. So what advice will he have for the struggling entrepreneur when he hits the EU stage on October 20th? There's no I in TEAM.
"The title [of the lecture] is 'Philosophy-Driven Business Growth,' but if I had it to do over again, the title might be better as something like 'The Power of True Team Management,' says Rappaport. "This is not the story of an entrepreneur or a CEO that led his company to greatness, its about a team. Its about how I relied on so many people and really spent my time picking the right people."
Not only is Rappaport a firm believer in a team environment in the workplace, he credits his very existence to delegating, finding quality partners and getting the most out of your business relationships. Once the funding was in place, he chose a team, created a philosophy and was careful to pick people who could share his philosophy. But it all started with those first relationships to get the business off the ground.
"We started with a small level of funding and we go to a point about six months in where we thought we might run out of money," says Rappaport. "Even though the business was going according to plan, we were undercapatolized. One of my mentors really helped us and let us in on other ways to raise money that I was completely unaware of. It was so helpful to know all the resources that were out there."
Source: Mike Rappaport, Chariot Solutions
Writer: John Steele