Today the world has laid out a platform for people wanting to build a castle of their dreams. If you have that excellent product, then just know that funding has become easier, readymade models are in hundreds to choose from, you should be having enough time to build your startup. Then what is it that prevents thousands of startups from reaching heights that had been envisioned for so long?
The Right Team.
You see, you may win a few battles on your own. However, if you want to win the war, then you will need a team. Also, it cannot be just any random team but the right team. And turning a startup into a billion-dollar company is nothing sort of conquering a long-fought war. The perfect example of what the right team with an excellent product can do are the tech behemoths Apple and Tesla.
Now, you must be wondering, "So, how can I do that?" And to be honest, this must be the most complicated riddle on every entrepreneur's mind. Truth be told, there is no certified, gold standard formula to replicate the success of building the right team like that of Apple and Tesla. However, there are many key points to draw out from such a successful organization, and give it your best to develop the right team for your startup.
Startup 101! Never hurry your recruiting process. Yes, there is always a certain tendency to set sail as soon as you have most of the things ready. However, taking your time to ensure that you have hired the best possible person for the job should always be priority #1.
Adding a co-founder is an equally important process of building the right team. Stakes aside, evaluating whether the person has this quality is one of the top important things.
This is similar to the vows a couple takes during their wedding because the journey to success is bound to have several ups and downs. So, look for the commitment to stick through thick and thin for at least a dedicated time.
This is like the subset of the extension of commitment. Evaluate if your teammates are willing to sacrifice their weekends, nights, and several hours of their day for the welfare of the startup whenever needed.
Try to figure if they are willing to extend their support and help in other work departments that have nothing to do with their job profile. This quality straightaway demonstrates if the person is a team player.
Outside of the co-founders, it is also important for the recruits to share your conviction and belief. As not having that could just hamper the startup’s progress, people are keener on collecting their paychecks than endorsing a vision to stick together that runs deeper than collecting monthly wages.
When it comes to trust, understand that it must be mutually shared emotion between you and people you have hired. While they will have to earn your trust, you have to ensure that you give them enough room to be more comfortable sharing things with you.
Leap of faith is the risk you have to take from time to time to get a job done and it will never be easy. So, do you have that stomach?
While professional compatibility has always been a factor in workplaces, personal compatibility is more crucial to building the right team. Remember, a personal bond is always stronger than a professional one. Therefore, try to find if you can interact with each other outside of work. Like do you share a common hobby?
There is no reason to believe that there will never be disagreements between you and your co-founders or teammates. Hence, it is essential to either be ready with a way to handle conflicts or determine whether it can be done or not. If there’s no way two of you can agree with a disagreement, you can not build a strong team.
Now, this is different from humility, where a person offers help with someone else’s work. Technical compatibility is the ability to delegate work to each other whenever required due to several reasons.
Sometimes, you may find your startup stuck in a situation that’s outside of your expertise. Do you think the hired individuals can lead your team out of that situation comfortably in such scenarios? Will they be willing to take such a risk?
There is a popular saying, “if you want to keep growing as a person, then always be in the company of people who are more intelligent than you.” This is something you should strongly consider hiring recruits. Look for those intelligent individuals who are smarter than you and have the aptitude to excel in their roles.
Do they value this quality, or are such shallow professionals working for their monthly wages? As respect has to be earned and to earn it people often have to do more than they have been asked.
There is no way to teach this or to earn this. Passion is something that is ingrained in one’s characteristics and can easily be seen by others. So, while looking for your teammate, know if they are passionate about it or not.
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A lone wolf by definition, a writer by heart, and a lost star with ambitions to light up the dark both inside and around me, sometimes by immersing myself into books or video games or traveling with a backpack to an uncertain destination believing that life is all about the choices we make and we don't.