The Importance Of Building A Strong Core Team For Your Start-Up

The Importance Of Building A Strong Core Team For Your Start-Up
3 min read

Starting a business is a risky venture. It takes the right team on your side to really break through in today’s competitive market. A lot goes into building an effective team and helping it reach its full potential. To help, here is a look into the benefits of developing a strong core team as well as a few tips to get you started.

The first, most important aspect of successful team development is finding the right leadership. In addition to business acumen and expertise, the person in charge needs to keep in mind how much patience, nurturing, and attentiveness it takes to keep a team inspired and focused on reaching clear goals. It’s important for the CEO to establish a transparent approach to communication and possess a high degree of emotional intelligence. Part of this is understanding one’s strengths and weaknesses as well as those of the other team members. No one is an expert in everything, and leaders who don’t know how to delegate and find specialists are setting themselves up for failure.

Another aspect is matching prospective team members and their skill sets to the position that is a true fit. During the interview and selection phases, be sure to ask the right questions, ascertain skill sets, and identify any gaps. Doing so early on helps get the right people into their best position within the organization and sets them up for success. If the role they’re filling on a team doesn’t align with their own personal strengths and goals, they may get the job done but it might prove hard for them to stay motivated and over-deliver.

It’s also crucial to take diversity into consideration. It often seems reasonable to gather similarly-minded people around you, but it really pays off to bring people with different perspectives and diverse backgrounds to the table. In fact, organizations across all industries find this helps increases innovation, fosters creativity, and boosts the brainstorming process.

Once the right people are on board, it’s vital to lay down the roles, responsibilities, and accountabilities of each member. Along the same lines is determining what the vision for the business is and what the mission for the team looks like. Having these matters clearly communicated and in place from the get-go improves focus and helps provides a target for each member’s goals at an organizational level.

While the process of finding and onboarding the right members for your core team can be lengthy, it’s best to take it slow and make each decision deliberately. Going forward, be sure to carefully review your options when determining who works best for the team and what will be best for your new business.

Please see the accompanying resource for further information on hiring your core team.

Infographic provided by Canary Ventures
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