Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges that face every business whether they are large or small. It is not easy running a company, especially in a fast-paced, ever-changing business world. Technology advances, new hiring strategies, and now, political changes coming with the new administration, all add to the existing business challenges that entrepreneurs, business owners, and executives have to deal with.
Maximizing profits, minimizing expenses and finding talented staff to keep things moving seem to be top challenges for both SMBs and large corporations. We have been interviewing companies from around the world to discover what challenges they are facing in their businesses. We also asked each company to share business advice they would give to a younger version of themselves.
Below is our interview with James Brear, President and CEO at Veriflow:
What does your company do?
Veriflow brings formal verification to network infrastructure for the first time, continuously ensuring your network operates as intended. Veriflow predicts network outages and vulnerabilities before they impact the business, and vulnerabilities before they are exploited, allowing IT teams to operate secure and resilient networks. The result is a dramatic improvement in network agility, design, implementation and operation. Veriflow backed by New Enterprise Associates (NEA), Menlo Ventures, the National Science Foundation, and the U.S. Department of Defense.
What is your role? What do you enjoy most about your role?
I am the President and Chief Executive Officer at Veriflow. It has been an honor to be in this position, where I have helped the company flourish since coming out of stealth mode. We have created a completely new category within computer networking and we are the change agents for how networks will be built in the future. I also have enjoyed leading a talented and passionate team as we help Veriflow grow from a company launched in 2016, to quickly gaining recognition and being named 2017 Gartner's Cool Vendor, 2017 RSA Innovation Sandbox finalist and winner of Barclay's innovation challenge.
What are the biggest challenges in your business right now?
The biggest challenges in our business right now are keeping up with how quickly enterprises are growing and supporting them as they take a transformational leap. Progress estimates that 85 percent of enterprise decision makers feel they have a timeframe of two years to make significant inroads on their digital transformation before suffering financially and/or falling behind their competitors. We want to make sure that we can keep up with these decision makers and continue to predict possible network outages and vulnerabilities before they occur in their networks.
If you could go back in time, what business advice would you give to a younger version of yourself?
The advice I would give a young self would be focus on managing people. The technology is irrelevant if you don’t have a great team. My young self would micro manage my teams and their activates thinking I was helping them learn. Over time I have learned that if you focus all your energy on building the team and then letting them go and execute drives exponential growth. I now focus on making their jobs easier, removing bottlenecks etc. “If your actions inspire others to dream more, learn more, do more and become more, you are a leader." - John Quincy Adams