If you’ve got a great idea and you’re ready to turn it into a winning company, you may be wondering who you need to get onboard to join you on the journey. Here’s our simple guide to creating a team that will set you up for business success.
You’re going to be looking for two kinds of support to get you where you need to go. Support for delivery and support for you. Firstly let’s looks at your business team and how they can help you and your company deliver and turn your idea into reality.
In the beginning we recommend that your idea, and some basic principles around how you are going to work as a business, are things that everyone you involve gets passionate about. If you meet someone you want on your team but their enthusiasm for your project is microscopic, best to move on and find another candidate. Your idea should unite you.
One of the best ways to identify the team you need to get onboard is to take a frank look at your own skillset and the industry in which you plan to establish your offering. Recruit where you see a skill shortage. This doesn’t have to involve direct employment: partners can be used if you want to keep your headcount down. But whether through employment or partnership, make sure you engage the services of a good accountant, banker and lawyer. This will be fundamental to ensuring your company is protected, viable and financially supported. If you are recruiting into your business we recommend you seek generalists where possible. With a small team you will find that people who are able to work outside their core skill set and across multiple functions are invaluable.
As well as creating a team for your business you should put some thought into the support that you need for yourself. Plan to recruit a team of advisers and experts who can guide you on the journey towards the success of your business. Check out our blogs on mentors and networking to find out more about how to choose people who will compliment your business and your skill set.
Many experts believe that the success of a small business lies in the team of people who are at its core. So it’s definitely worth investing some time in choosing the right people to support you. Then you can enjoy working with your team to navigate your company towards its future success.
This article was kindly supplied by Fifo Capital New Zealand – specialists in sme cashflow solutions. To learn more, visit their website here.