7 ways to build right team for your startup business

Startup is the new buzzword. Anyone with a unique idea deems it fit for a startup route. But that’s not entirely true. Though you need a very good idea to start a business, you also need to focus on other important things, such as getting financers to fund your idea and a solid team that can give wings to the idea. You will find that attracting financiers may not be that difficult considering the fact that many startup investors are willing to put their money on start-ups. But if you show a lackadaisical attitude in building your team, your startup may fizzle out even before it really started. In this write-up, we will highlight seven things you need to keep in mind while selecting your team for startup.

#1 Common Passion

Ideally a startup should have a small team which acts and works like a close-knit family or lifelong friends. Thus it is important that every member of your team identifies your passion and becomes equally passionate about it. While it is true that every person has a different thought process (which in the long-run can be conducive), there must be something strong that binds every member of the team together.

#2 Go-Getter

A go-getter is an informal term generally used for a person who is aggressively enterprising. If each member of your team is not a doer and doesn’t have an attitude to succeed, you may end up with people who are good but not great! Every member should be able to give his 100% to his area of expertise and make sure that he compensates for the lack of manpower.

#3 Ability to Work as a Team

It is very important for the team members of a startup to be able to work with each other. When we talk about a startup, we usually understand that a small team works together for hours, sometimes days without break. If all the members of the team cannot work together as a team, the going will only get tough.
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#4 The Right Mix

You would need all kinds of people to make an idea work. You cannot be a jack-of-all-trades and yet believe that your startup will work. You need to have the right mix of expertise in your team so that the idea actually sees the light of the day. You would need a person with a strong marketing acumen and can sell your idea to others. You would also need a manager who ensures that everything – from the washroom to the computer – is in working order. A team would also be incomplete without a leader who can motivate others to put their heads together and make the startup work. Finally an industry veteran, who has a deep understanding of how things work, would be a great asset to your team.

#5 No Place for Egos

There is no room for personal egos in a small startup team. This is one thing you must remember when you are building your team. Just as you cannot work with a team where people have strong individual egos, they too will not be able to work if you have a stubborn ego. You may be the person with the idea but your team will have people who are better experienced than you in several areas. Everyone should have the right to voice his/her opinion, should agree to disagree and yet should continue to work as a team.

#6 Be Prepared for Failures

Very few businesses can boast of having a smooth ride all the way to success. Initial failures are a part of the deal and each member of your team must be up for it. When you are selecting your team, you must find out whether they can deal with failures – even big ones – and yet continue to work with you. If any member stumbles at the very beginning and decides to quit, you must be able to motivate and retain the person.

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#7 Long-term Commitment

You should build a team that is committed to the company for a long time. When hiring members for your core team, you come across a person’s CV that reflects that he often changes his job, you should be wary of recruiting the person. The reason is quite simple – such a person would invariably jump the boat whenever a lucrative offer comes his/her way.
At the end of the day, you must have a team that is able to complement each other and cushion weaknesses. Everyone cannot be the decision-maker but everyone should have a democratic right to voice their opinions. You should be working with a team that is able to see and literally live your dream.