Assembling the right startup team is vital and if effectively done you won half the battle. Investors are not only interested in your pitch, but they are also willing to evaluate the dynamics of your team. Startup founders should prioritise quality over quantity because part of their job is to communicate with others who match their drive and passion. Therefore, let’s dive into effective startup team building.
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Finding a Co-founder
Should you establish your business alone or look for a co-founder? This is a problem that all business owners face at some point. However, there is no correct answer, building a startup team with appropriate people can be critical to the success of your startup.
If you intend to bring on a co-founder, remember that they should bring the required skill sets to the team and help you stay focused and motivated. Furthermore, as there are very few profitable companies established by an individual, investors tend to invest in a founding team instead of a solo entrepreneur.
Picking up the startup team members
Your startup’s chances of success will increase with the right co-founder. However, simply having a co-founder for your startup team isn’t sufficient; if you wish your business to grow, you’ll need to build a startup team of talented yet dedicated individuals that can handle the various aspects of a startup effectively, from branding to sales, and operations to development.
You can assemble a startup team by following a few steps:
- First, analyse the requirement in your startup’s skillset to clearly identify the skill sets you need to meet your business needs.
- After that, start hiring startup team members. Be precise about your requirements to make sure that you hire the best candidates. Don’t hesitate to be specific.
- You can add the right people to your startup team by determining two things:
- Do they have the essential skills for your startup?
- Do they fit the culture of the startup?
- Look for solid team members who develop problem-solving and overcoming abilities and are not scared of challenges.
Things you should avoid while building a startup team
It can be difficult to assemble the right team at times. We make a lot of mistakes during the hiring process and hire the wrong people. The startup suffers as a result. Although not every process is fault-tolerant, there are steps that can be taken to lower the risks.
- While hiring members for your startup team, don’t get lured by an attractive title and don’t assume that a prospective employee knows everything. Your business and their experience may not be compatible.
- A prospective employee for your startup team must be able to see the big picture. It will not only make them know their role and responsibilities in your startup, but it will also keep them engaged.
- Respect for one another is vital, but do not negotiate. When something is wrong, speak up and discuss it in a peaceful manner. It will help you in avoiding huge issues, confusion, and even breaks up in the future.
- Communication is essential, so contact them on a daily basis, even if only for a few minutes.
- Do not depend entirely on email, as startups require speedy communication channels. Adopt video conferencing, Skype calls and other ways for conducting short meetings on a regular basis.
Your startup will go through various stages as it grows, so keep your team as small as possible for as long as possible. Learn to analyse these phases, and you will be able to identify the perfect person for the job. You may have a billion dollars idea, but if you start with an unstable team, it could be a hassle for your startup. Keep in mind that you are in charge, so take charge and assemble an effective startup team.