The first month of 2012 was pretty packed and we managed to fit in 3 events in 4 weeks, including 2 separate events on the topic of building and maintaining successful teams.
This is an aspect that has a huge impact on early-stage companies, but also on established businesses. The former because having a compact, motivated and focussed team is critical to success. The latter because having a (less compact), motivated and focussed teams is…….well even more critical to continued success.
Vision, Goals and Relationships
- A key principle at the base of growing a team is “Know Thyself” – If you (founders) don’t understand your own aspirations, limitations, motivation you will not be able to build a team that complements you
- Clearly define your Vision + Mission + Goals and then review them regularly. It is important to articulate this & NOT JUST to create “mgmt yack”. Especially at the beginning, you want people to join you that share the vision.
- Relationship with co-founders – It’s important to set frequent break points in early years to verify progress (and relationship) with co-founders. Don’t forget to agree early how to resolve disagreements (whether on legal or informal basis). For the latter, you can even agree on someone external who will mediate if you reach a stalemate.
- The team is NOT a family. Team members rely on discipline for success. Family members push boundaries to assert themselves!
- Discipline does not exclude providing personal support to your team in times of difficulty. At the beginning, going to the pub once a week is easiest way to keep in touch with your team.
How to hire…. and who?%