Teams are very important when it comes to developing startups successfully. A person may have an idea but he needs certain individuals to effectively create a business out of that idea. In the corporate world too there is no project no work detail which is not divided into teams. A good team is the hallmark or efficiency, productivity and quality. A curated team is one where the mentality level matches and the intelligence of one complements that of the others.
Why does your startup need a good team?
You cannot do everything yourself
You may have a brilliant idea. You even be able to create prototypes for test phase. But to effectively turn your idea into a business you definitely need a curated team. There are numerous things and processes about which you may not have an idea about. You need a guy who can handle finances and create proposals for investors. You need people who are experts with branding and promoting. You need a person who can manage the business. The requirements are endless but the inherent fact is that you need a minimum number of people who on the whole can help you operate your venture like a proper business operation.
Brainstorming and innovation happens best with teams
How long can you keep taking all the decisions regarding your startup and eventually fall victim to factors like stress, tension, nervousness. Sooner or later confusion will start to creep in and your venture may start failing even before you make your first buck. Brainstorming is the process where you sit with your team and have intense discussions. It is the process practiced all over the world across corporations, students and people in general when it comes to finding solutions to the most complex of problems, to develop an established idea or even plan an event. This happens because when the thinking load is divided, the decreased stress leads to better focus on the impending issue and thus generates better results.
I am sure you are already having some team ideas now!
Expansion needs departmentalisation
You cannot expand your business unless you have the resources. Do you know what the most important resource for expansion is? You guessed it right, it is people. Until and unless you don’t have a curated team to support your expanding business the process will not come to fruition. You will need a finance department, a research team, a marketing team and a lot more when you are thinking about launching a full-fledged business. You may be an expert in your field but a company needs a wholesome expertise.
Diversification of risks can’t take place without teams
Diversification is the process of minimizing risks. There are numerous risks when you are trying to set up your own business. There are financial risks as you left your secure job environment and are banking on your personal stash. There are health risks as you are definitely under a lot of pressure. Once you have team based on mutual trust and compatibility, you will instantly reduce these risks. This happens because your team members who are of the same mind-set as yours, will pitch in with their own financial contributions and share the load along with you. This air of trust and companionship eases the pressure and leads to better management of all kinds of risks.
A business is a lot more than just an idea
When you have an idea the following path to making a business out of it is not easy. You may have an ingenious offering but until and unless you don’t take care of other business aspects. These aspects relate to marketing, financing, investments and management regarding your idea. For these you required experienced and expert professionals who can formulate such operations around your idea. Thus, in a nutshell, you need a perfectly curated team.
I am sure you are thinking about building your team now. The point is that it is not easy to build and acquire the perfect team for your startup. Numerous factors come into play when you are trying to recruit team members. There are certain attributes which one needs to evaluate before assembling a curated team. The major ones are:
It is the most important attributed which you should look in your prospective team members. Well, finding trustworthy people at the go is almost impossible. However, there are certain things which can tell you whether the future looks good or not. These can be ascertained by looking at the nature, decorum, open-mindedness and other such aspects of the individual which are quite evident in the first impression.
People with a passion to do new things and be a part of adventures are best suited for startups. People who have adapted to the corporate atmosphere of secure jobs will not be ideal for this type of situation. People with such ordeals are much excited when they get a chance to be involved in startups. Therefore one should keep this mind when finding a curated team.
Compatibility is an essential in all kinds of relationships and especially in work-relations. When the thinking about a particular situation matches and your actions are in sync then your startup runs as a well-oiled machine. This happens because problem solving gets better and efficient. You come up with quick and detailed solutions to all sorts of issues because your minds think alike.
This is professional attribute you need. Your team members should be experts in their fields. This is because startups require more specialised approaches to specific issues as compared to general organizations. Therefore always find the experts. There are a lot of them out there!
Risk taking attitude
Startups are adventurous and risky ventures based on game-changing ideas. They do not require a risk-averse mind-set. People who like taking risks are more optimistic nature are best suited for startups. They provide the necessary excitement needed to push things into action and thus are right people to look for.
Finding the right mix of the above factors is certainly a herculean task. Imagine what if some else could find these people for you based on heavy and complex algorithms which evaluate people based on the attributes you are looking for and find you the perfect curated team. It may seem to be farfetched but if you look at it deeply then the benefits could be great like:
Hand-picked members matched against your requirements
You enter the requirements. And all the people who have these in their list of attributes will be evaluated in comparative degrees find the best ones for your curated team.
Huge savings of time and resources
When you start finding a team on your own, you first spend time contacting them. Then you try to meet and reason with them. And after a lot of time and effort you start to make decisions. With a third party finding your curated team you save that time and effort. This can be spent on developing the idea further. Thus your precious work does not stop and the hiring process is taken care off too!
More power of choice to you
You will have a list of people in all the skills you require. You can pick the ones who agree with all your terms completely. Thus any kind of compromise or adjustment is not required from your part. This is real empowerment.
No related indirect costs
The transactions are not based on the team you hired. This is not justified because just getting a team does not guarantee work. The cost of this benefit is zero. The third party will only take remuneration as and when this benefit starts generating long term revenue. Thus, a long term symbiotic relation becomes possible where you take advantage of the external network you are provided and the platform benefits as you progress. Innovative, isn’t it?
Increased mathematical probability to find the perfect mix
As the hiring process will be based on a simulated algorithm the real chances of finding the right people mix for your startup increase!
By now I am sure that the idea of letting an experienced and expert third party finding you a curated team sounds excellent. At Truelancer, we continuously work towards developing such ideas for the benefits of your startups and allowing you to create a seamless and smooth path to entrepreneurial success. That is why; we are going to launch our own Curated Team Hire option soon.
Soon you will have the power to get the perfect mix of expertise, experience and passion at the click of a button and at no extra cost. Stay tuned for updates.
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A passionate Blogger and Digital Marketer