Building a team for your high-growth entrepreneurial business is one of the most exciting, but challenging, things about being an entrepreneur. Getting it right will make you grow faster, getting it wrong will slow you down.
Here are the top five things to look for...
Building a business is hard, so look for evidence of phenomenal work ethic and ability to go the extra mile.
Lots of smart people excel when they have external pressure. In a start-up environment you don’t have management capacity to crack the whip – make sure your staff want to get things done for their own satisfaction.
Acceptance of uncertainty
As a start-up matures into a growth business there will be constant uncertainty – everything from organisation structure to the target market, office location to job titles, can change. However most people like certainty, so look for evidence of people embracing constant change and innovation to make sure you pick team members suited to the start-up phase.
In a start-up everyone needs to be commercially switched on and looking for angles to win to make sure the business survives.
The right kind of ambition
Ben Horowitz writes about this a lot – ambition is good but avoid selfish characters. Look for people who understand that they will succeed and be successful when the team is successful. Employees who put their immediate interests (their pay, job title, role, etc.) ahead of those of the team’s, will hold the business back.