As I mentioned earlier, this week will be dedicated to finding enough resources from the web in order for us to determine how to construct the perfect team for our various startups, right? I find it quite interesting that Jay Adelson mentioned that the team members at first need to be “Jack of all traits and Master none”.
This view mad me think about how, as entrepreneurs, we often try to over think who we should get on the various projects. We ask: is he qualified enough to give me the right advice? Can I trust this person or will they just end up stealing my ideas and making them better? Although leading towards paranoia; these concerns are justified by the fact that our startups are essentially our lives. If we want the start up to work- we ave to eat and live our startup. If, like me, you have an entrepreneurial state of mind- you begin to make certain projections that excite you and make the Idea/Concept that much more valuable in your life.
I had a meeting on Monday with a couple of partners that I have for another startup I’m involved in and one that I plan on investing greatly on. Before me, I saw a group of very ambitious and intelligent set of young men. This for me is all you need from a team. A bit of hunger and some natural ability. These two traits ensure that your team can put in the long hours where their needed and also be able think on their feet when things go slightly out of plan (as they normally do with young startups). I use the term “a bit of hunger” because I’ve realised that no one’s going to want your startup to be successful as much you do. As entrepreneurs, our lives revolve around the idea that this new business, is our key to economic emancipation, recognition etc. So we have to compensate this lack of natural commitment to our startup by using our basic understanding of certain existing human dynamics.
Jay Adelson mentioned one of the human dynamics: incentive. By offering the early members of your team parts of the company as opposed to just the usual underpaid salary, you create a need/ incentive for their hard work. They feel more like a part of the startup then just being the “help” thus increasing their propensity to deliver great work.