According to research conducted on why startups don’t make it, having the wrong team is among the top reasons, having a 23% contribution to failure.
During the early growth stage of a startup, each team member has a huge impact on its performance. Their actions, values, and personalities greatly influence your business’s direction.
Therefore, it’s important to choose each team member wisely to improve your chances of success.
You don’t need to be best friends with your team members or build relationships with them outside a professional setting. However, your team members should be people you like spending time with.
During their initial years, startups necessitate a lot of extra hours being put in. You’ll be spending several hours a day with your team, so it’s crucial to have a friendly rapport with them.
Otherwise, every interaction will be a struggle, and unanimous decision-making will be impossible, eventually causing the team to disintegrate.
Effective communication among team members is integral for your startup to flourish. Shutting down and keeping things from each other will create a toxic environment, which will eventually erode trust and build suspicion.
So make sure your team is good at communicating with each other in order to have better problem solving and decision-making capabilities.
Even though every team member plays a different role, everyone needs to have the same end goal.
The whole team has to work together to achieve the long-term goals of the business. There needs to be a clearly set direction so everyone is on the same page. Track progress along the way and make sure that each member covers for those that are lagging behind.
Your startup’s founding team plays a major role in forming your company’s culture. One of the most important things to keep in mind when hiring new people is that they need to be the right cultural fit.
Your company’s culture will be greatly influenced by the employees in your organization. So decide the values you want your startup to follow and then choose team members whose personalities, perceptions, and motivations match those values.
In its early growth phase, your startup will witness many unforeseen circumstances. The mistakes your team makes in these situations will give them the opportunity to learn and grow.
You need team members who are constantly motivated and curious, and have the ability to get the job done in difficult times, look for ways to improve the situation at hand, and overcome such problems in the future.
Building an effective team is one of the most important inputs needed for the success of any startup. Post job vacancies on some of the best job search engines. Create your employer profile on Jobs Log today to find talented individuals for your startup.