A start-up team is an aspect of the organizational system which spearheads the affairs of the business. The start-up team is regarded as the lifeblood of the start-up. Most start-ups fail as a result of the owner's inability to assemble the right team to handle the affairs of the business.
Start-ups will be able to stand the test of time, if and only
if, the right teams are constituted to build the strong foundation for them.
The following start-up tool kits need to consider before
forming a team or scouting for a team member for a start-up.
·
Business Model.
Knowing your business has a 70% guarantee for a successful start-up. The business model helps you to understand your idea or start-up in a viable way. You can measure
success after putting up your business model. A good business model will
identify the product/ service (value proposition you want to offer to the
market) of the start-up, who will buy your product/service (value), and how to
get paid for offering the value to your potential customer. A good start-up
team can be assembled after the business model is clearly defined, this helps
to inform the strategies to adopt and the purpose-driven team to carry out the
strategy to enable the success of the start-up.
·
Vision, Mission, and Purpose. A start-up without vision, mission, and purpose is like a
traveler without a destination. Vision tells you where the start-up wants to be
in the future, mission states how to achieve the vision (stating the
product/service and how the target customers will benefit from it), and purpose
list the reasons for achieving the vision. Proper consideration of vision,
mission, and purpose helps to identify the right team to help achieve the vision
of the start-up.
·
Organizational Structure. Start-up needs to establish how communication flows within
the business. Organization structure is the functional representation of the
start-up in a diagrammatical form. The function tells the knowledge and skill set
which is vital to put the start-up in operation in other to achieve the vision,
mission, and purpose of the business. A business without an organizational structure
is bound to fail, it makes the start-up to be disorganized (anything goes, no
direction, authority, control, etc.). The right structure will help to find the right
team to manage the vision, mission, and purpose of the start-up.
·
Separate Legal Entity. This concept helps you to understand that as soon as the
start-up is registered, it totally becomes a different human being from the
owner. Therefore it will demand different kinds of skill-sets, wisdom, and
capabilities to make it successful. The start-up will need a die-hard team to
manage the affairs of the business. One thing to consider when assembling the
team is, to be guided by the vision, mission, and purpose of the start-up. Don’t
choose family and friends who are not ready to put in their all for the
business to succeed. Business is not Father Christmas, every penny spent should
generate other pennies in return.
In conclusion, many start-ups fail as a result of the team
assembled to champion the affairs of the business. Always take emotional
feelings from business (there is no sentiment in business). Be guided by the
vision, mission, and purpose of the start-up before assembling the person to
join your start-up team. I quote “Good start-up team will build a billion-dollar business, but bad start-up team will collapse hard built billion-dollar idea”.
Only communicate your start-up idea to people who know the future of your
start-up and can believe in it.
Kind regards,
MR ISAAC AGYA KOOMSON,
C. E. O.
KIA-START UP CONSULT
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