Starting A Business? This Should Be Your No. 1 Focus

“Starting your own business is like riding a roller coaster. There are highs and lows and every turn you take is another twist. The lows are really low, but the highs can be really high. You have to be strong, keep your stomach tight, and ride along with the roller coaster that you started.”

Now, answer this: Can you really enjoy this ride alone?

Many business owners won’t admit to this fact.

But I’ll let you in on it.

Solo entrepreneurship simply does not exist. Nobody who’s ever started and scaled a business did it alone. In fact, if they were left to themselves, they wouldn’t be able to get their ideas off the ground.

A true entrepreneur knows that he/she is not alone. One of the many amazing things about being in an organization is to be a part of a team that embraces and commits to the same vision.

Many recent research and studies suggest entrepreneurs and organizations focus more on the people they hire for their team as they have an important role to play in the success of the venture. Simply put, it is the team (remote and in-house) that makes or breaks a business and its success story.

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The importance of having a solid team  

When it comes to making a venture successful, the individual characteristics of an entrepreneur or leader are important. But things are even better when the person reflects the ability to attract and retain a stronger and more experienced team. In simple words, the better the team, the more likely you will succeed.

And it’s not just what I say or what you say, there have been plenty of research and studies that have given key pieces of evidence to prove how important a team is to the success of a company - new or old. In fact, it is a consistent reason why some organizations succeed and many organizations fail.

How to build the right team for Business

In today’s business world, “team” always exceeds “I” in a workspace.

But wait! How do you know whether or not you’ve got the right team? Is there a way to ensure that you hire the best talents for your team? I guess I’ve some tips that might help you build a world-class team for your growing business.

• Figure out what you honestly need (and can offer)

Your hires will set the stage for your company’s work culture. So be realistic about the roles you create and the amount you’re willing to offer to your new employees. 

• Keep creativity alive, avoid homogeneity

The personality of an employee is as important as the skills and experience he/she possesses. Having people with diverse, inspiring personalities will surely help you spruce up your work environment and maintain a level of creativity and uniqueness in the ideas you implement.

• Hire the team that lets you focus on the “big picture”

Don’t just hire people to fill positions - hire them so that they can assist you while you achieve your desired goal, today and tomorrow. Hire people who bring new ideas, who know what’s best for everyone, and most importantly, who can get the job done.

• Get familiar with the “Hire Slow, Fire Fast” formula

Every individual in your team has a huge impact on your business. That means all of them to give it their best in every task and if someone doesn’t, you need to take some serious actions. After all, there’s no point in holding people who aren’t delivering what’s expected of them, they’re just slowing you and your business’s success.

I'd love to hear your stories, so if you've built your own business, tell us how you go about building a strong team.

Author Bio:

Sandeep Kashyap is the Founder and CEO of ProofHub — a leading project management and collaboration software. He’s one person always on a lookout for innovative ideas about filling the communication gap between groups, teams, and organizations. You’ll find him saying, “Let’s go!” instead of “Go!” many times a day. That’s what makes him write about leadership in a way people are inspired to dream more, learn more, do more, and become more. For more inspirational articles follow him on Linkedin.