How to Build a Start-up Company - Your Team
When building a start up company, there are a lot of tasks to manage which are critical to the success of a start up business. One of the most essential elements of a successful start up is to put together a great team that will help you acheive your goals.
Each Team member should have experience and talent in their specific trade and background. Don't try to do everything yourself, bring in people who are talented and trained to manage each aspect of building a business.
Each team member needs to have commitment to the project and company goals. You need to get people on your team that will go the extra mile for your start up. People do their best work when they care about what they are doing and you can't be wondering if everyone has gotten their work done when you launch a start up company.
In a start up company, everyone should be able to sell. Typically in smaller start up companies, even the lawyers need to be selling. You can't afford to have anyone on your team who is unable or unwilling to get out in front of people and preach about your new company.
You need to have a project manager in your start up company, someone in the organization must drive the plan and keep people focused on a daily basis. This person should be able to lead the group and ensure that all aspects of the project are covered. Usually you as the founder will be more of the visionary, the project manager should be like your general who issues marching orders.
You should have a technology guru on your team, probably on a part time basis initially, but eventually as a full time team member for your start up company. It doesn't matter what business or industry you are in, technology will have a big impact on the success of the company, get someone on board who can wield the tools available through technology.
There are lots of business issues that come up on a regular basis that you’ll want to run by someone with real legal knowledge. While you don’t want to overspend on a lawyer, it’s important to protect your business and understand your risks when making decisions about your new company.
You need to have a great sales person who is in charge of new business development and new client acquisition. This is the most important person on your team. They should be given the resources, attention and tools needed to do their job, because if they don't succeed, everyone else is out of a job.
Last, but not least, your start up company should have an accountant or financial professional on staff. This again may be a part time position initially and then scale into a full time job, but someone needs to be counting the beans. The most successful companies in the world know exactly what's going on in their bank accounts.
FMS is a team of expert franchise consulting professionals based in Canada that provides solutions for franchise development, franchise consultation, and expansion of businesses globally.