If you aspire to being a successful entrepreneur, then you can’t do it alone. Even if you’re the brains and face of a start-up, you’ll need to surround yourself with people who’s skills cover a broad range. There are many reasons that startups fail, but having the wrong team is one of the most common issues. Prior to having a successful startup, you need to be successful in hiring an effective team. There are a number of factors to consider when building a team.
Start with yourself, of course. Be self-aware of what your strengths and weaknesses are so that you’ll have a better understanding of what areas you’ll have to delegate in the most. Chances are that you won’t have all the individual skills a startup needs for scaling up. That means you need to find others who can complement your skills, both hard and soft.
Once you know what you need your small team to do in order to round out your own skill set, start looking for what Inc.com calls ‘rock stars’. In as much as you’ve admitted you don’t have every skill your startup needs, you shouldn’t limit yourself to looking for role players. Your startup team needs to be nimble.
Look for individuals who bring strong, certain skills to the table, so that every skill on the necessary checklist is accounted for. However, also look for people who have experience or skills in multiple areas. The best ones not only have demonstrated this but also have the ability to continue learning and growing.
Finally, look for leaders among your team. These individuals will help to inspire and motivate everyone around them. Your startup may be small, with just yourself and a group of flexible and dedicated professionals, however, with luck and determination, your startup will succeed.
As the organization ages the needs will ultimately evolve. The people that helped you at the very beginning will be the team to morph into a leadership cadre. Always be open to bringing in people from outside, but remember that doing too much too quickly can change the nature of your business.
It’s better off to look for early members of your team who can work well with others in a tight-knit group early and then evolve into their own team leaders or department heads as your business hopefully explodes. Your early team needs to cover every available skill and do many things well. However, you need to also be mindful of the future. When everyone understands what they’re working towards goals can be aligned effectively to push for the biggest chance for success.