Success Story with Scott D. Clary
Lessons - Building a Business Around Purpose, Passion, and Community | Lloyed Lobo - Co-Founder & President of Boast.ai
Sep 14, 2024
Lloyed Lobo, Co-Founder and President of Boast.ai, dives into the art of building community-driven businesses. He emphasizes the critical choice between a community of practice and a community of product, advocating for the former in early stages. Lloyed highlights the importance of purpose-driven leadership, outlining how a clear mission and values guide decision-making and foster genuine connections. He also shares insights on aligning passion with profession, showcasing how this alignment can enhance fulfillment and drive business success.
10:18
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Quick takeaways
- Establishing a community of practice is vital for early-stage companies as it fosters learning and aligns with market needs before product development.
- Having a clear purpose, mission, and values is essential for sustainable success, guiding team alignment and fostering a cohesive organizational culture.
Deep dives
Building a Community of Practice
Creating a community of practice is essential for organizations looking to foster learning and connection. This type of community involves individuals who share a common interest or goal, such as advancing skills in a specific field, and is particularly important for businesses that have yet to establish a product-market fit. Notable examples include HubSpot, which focuses on helping digital marketers, and Gainsight, which aims to elevate customer success professionals. Engaging in a community of practice not only enhances knowledge-sharing but also helps build a strong foundation for future business growth.
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