January 5


How To Assemble A Team For A Startup And Find An Investor?

Anis Founder of Fulltimehomebusiness.com

By Anis Chity

January 5, 2021

How To Assemble A Team For A Startup And Find An Investor

All startups begin with a great idea. This idea is the core of a future business. It’s important. It’s valuable. But it is far from everything a person needs to start a startup.

Whatever you are planning to do. Whatever your final goal or product is, you need people to make that one idea real. No single person can possess all the necessary skills, time, and energy to implement a good business idea into life.

Hence, the conclusion is simple. You need people who can help you with it. Assembling a team is quite a challenge on its own, of course.

In the early stages of your startups, when your idea is still just an idea and not a business, you barely have the funds and resources to hire many people. What’s more important, you definitely can’t afford to hire the wrong people.

This is why assembling a great team for a startup is crucial for your future success. A single not so motivated or talented person can really throw a spanner in work. 

Though, even with a great team, you are still missing something. You can’t go too far only on enthusiasm and talent. Yes, you also need enough resources to launch what you and your team have created.

This is where you need to seek an investor. So, as you see, launching a startup is far from a one-man job. It requires a whole team of people who are ready to support you and believe in you and your product.

The main issue here is in finding such people. It may be quite a quest. Here are some tips on how to make it possible.

1. Focus on your abilities first 

Before you are going out there and start seeking other people, you need to know what those people can bring to the table.

Or, to put it differently, to know what you are missing at that table. Hence, first, you need to look at your own strengths and weaknesses. Analyze what you can do on your own and where you need help.

For example, if you know that networking and making connections is not your thing, you need a person who will take charge of marketing, business correspondence, and other communication.

Of course, you need a good portion of self-awareness to pull it off, but it will be worth it in the end.

2. Network

Speaking of communication, your networking skills play a crucial role in the success of your startup.

First of all, it is much better to assemble a team from the people you already know and trust. Working alongside them will be much easier. You won’t have to waste time on unnecessary explanations of your characters or way of thinking.

Besides, a team of close friends will be more motivated in your success, so they will work harder to get to the final goal. 

The same goes for finding an investor. It’s always better to start from your inner circle and move from there.

Remember, asking to invest is not the same as asking for a loan. You are asking people to believe in you and your product. You also promise financial gains in return.

3. Look for relevant experience

When you are reading essay writing service reviews, you are not looking for simply good reviews. You are looking for professionals who can do the exact work you need.

The same is here. Having just some portion of the required experience may not be enough for you at this stage of your startup.

Looking for people who understand your niche is great, but looking for the people who have experience in your niche and have already achieved something, is a whole different thing.

You need people who have already proven themselves. The relevance of their experience, combined with their special skill set, is what you are looking for. 

4. Seek balance

A team is a team when it can work as a well-adjusted mechanism. You need to be one. It is a hard goal to achieve. Though, when every single person is chosen well, and everybody knows what their roles are, balance is unavoidable.

This balance is what you are looking for in your team. It comes in two pieces, though. First, you need balance in role distributions. Thus, every person needs to have a precise purpose for their jobs.

Each task is interconnected but never intertwined with others. Don’t hire two people who are specialized in the same narrow area of work. First, it is not perfect money-wise.

Second, they will argue. There is little chance each of them wouldn’t mind being outperformed if they are in equal positions in the team. Hence, it is not the way to achieve a balance. 

Next, balance in a team should exist in terms of personalities. Every team will have a leader. And it will work as long as the leader is only one. If you assemble a group of people who all want to have the last word, you are in big trouble.

If you are not sure you have a natural calling to leadership or don’t possess the required skills, you better choose a trusted person who can be a leader for you. After all, it is your startup, and the final word should always be yours.

5. Define the working culture

It’s important to have an understanding of your working culture. This helps understand the rules, norms, and boundaries of each team member. Also, culture creates a working environment.

Many people can put up with a lot of work challenges as long as they enjoy being at work. Others leave jobs because they don’t understand the working culture.

So you better think through how you are going to approach it before you start hiring people. Mentioning your company’s culture during interviews is a good way to do it.

6. Check your options for finding investors

Having a private investor is not your only option. Of course, if you know people who will be interested in your product, it is great. Though, if your networking doesn't cover it, you need to seek other options.

These days, the Internet can be your good friend. Many crowdfunding platforms can be a good start. Also, consider taking an administration loan if the conditions suit you.

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Anis Founder of Fulltimehomebusiness.com

About Anis

Anis Chity used to be a struggling university student under debt from Italy, but thanks to this opportunity he managed to earn a 4 figure monthly income at the age of 24. Anis enjoys helping people avoid scams and find legit ways to work from home. He has many other businesses online as well.

In his free time he loves playing football & hanging out with friends.

Quick update: Anis now is 28 earning over $40k a month on average in affiliate commissions! Learn How He exactly did it here.

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