Before you can truly begin to grow, you’ll have to build your team.
It is almost impossible to build a solid startup team unless you have an unbeatable record of starting successful businesses and hence giving you an advantage of having people wishing to work with you. Finding people who believe in your business visions and to stand by your vision through its starting phases and the difficult times is almost an unrealistic dream.
Make people believe in your vision and be your number one team.
To meet good talents want to work on your vision with you, you first need to convince yourself you have the best ideas. You need to believe in the vision you have created yourself. Believe in it so much that, if someone else approaches you to work for them to build same vision, you would readily and willingly jump on the opportunity yourself. That is how bad you need to believe in your vision without second guessing.
Be your number team.
Be reliable to your vision
Be available to build it
Be consistent with inputs (complete tasks) when necessary.
Be willing to take risks to give life to your visions (make things happen)
Being your number one is mostly what it takes to get others on board
Some startup coaches have expressed their opinions that, if you do not hire anyone, you will be doing all the work yourself and if you’re doing the work all by yourself, you’re really not building an independent business but just building a job for yourself.
That not withstanding, it’s not strategic for startups to hire at an early stage of inception. Don’t rush into building your team. Hire when you are able to afford it. There is nothing wrong if you can manage with all the initial works until you can afford to build a competent team.
Even though your growth and success almost depends on a competent team, it can as well be the end of your dreamed growth and success if not well built; thus if you fail to identify the right people.
Let’s look at these most important points before building your team.
How do you know what kind of team you need to work with? How do you identify which is right and which would be most efficient when deciding on your team buildup?
How would you like your startup team to operate? These points would inform your decisions foremost before deciding which talents would first build a solid team for your growth.
Let us briefly discuss the differences between hiring vs. partnering and full time vs. contracts.
Don’t jump to building a team without critically defining these points.
Hiring vs. Partnering
Hiring a talent to work with is simply placing them on a regular paying scheme or salary and partnership is partnering a talent to get your tasks completed. The difference here is that, you pay one regularly and the other you share costs or talents. Partnership can be merely be considered in the lay man’s understanding as batter trade.
Note that this partnering is different from the types of businesses; where two or more people come together to conduct a business and own shares of the business. This partnering is working with someone who has the talent or skill you need for a particular task.
So instead of hiring a marketing manager for your startup, you partner another startup or a marketing company to provide the services for you. This is more assuring because you’re guaranteed that the work would be done. Unlike the skill you would hire, you can’t be guaranteed of productivity, getting work done and avoid risking. You also save yourself the stress and worry less about having to pay them at the end of the month when you have no cash flow.
It’s best to offset the risk and partner a local company that can complement your services.
Full Time vs. Contract
Hiring a full time team member is a big risk as we have just looked at under hiring vs. partnering. A full time member or talent you bring on board, regardless the outcomes or reasons, s/he gets paid; whether the job gets done or not.
Working on contract terms have become the order of the day, where startups strategically creates terms and conditions to work with a team member or anyone they bring on board to get a job done.
At the end of the day, when a project or a job doesn’t go well, you have the choice of retaining the contracted person or end whatever terms you had agreed on. Unlike having someone work on full time, you will still have to pay the person regardless.
Now that you know the differences between hiring vs. partnering and full time vs. contracts, it can help you decide what kind of a team you want to build and work with. Either a full time, hired team members or a contracted team members for services or projects you decide to work on.
What do we look for to build the solid, competent startup team?