The Most Important Element of A Startup – The Team

I have compared the first year of running a solo operation to the last few months of running things with a team, and let me tell you, having a solid team is definitely essential for any successful startup.

One of the hardest things that any entrepreneur will have to face is building the team. Finding the right people to be a part of your startup isn’t an easy task. It took me years to find the right niche to explore, then a few more years to begin finding the right people to be a part of the startup.

How have things changed from being solo to having a team?

• Ideas that were good, become great when more minds are working on them
• Having people to keep you from becoming too grandiose or passionate about something
• Being able to have people by your side for extreme brainstorming sessions — priceless
• Synergy: exponential brainpower!

Human Capital Trumps Ideas

When I think of a startup team, I think of “Human Capital.” Human Capital is all about mind power; what people can bring to the table with their intellect, insights, and ideas. That’s the real value in having a team.

You can have a poor product, but with the right team anything is possible. When you have a group of people working together on a project, magical things can happen.

It’s a cliché, but two minds really are better than one.

Never Stop Searching

If you’re serious about your service/product, then you should never stop looking for the killer team to complete your startup. Seriously, never stop searching no matter how tedious, hard, and aggravating it may become. It’ll be worth it!

“A great team is a team that will always beat a mediocre team, given the same market and product.”

–Tim Shephard

Read some related articles:

1. Follow the Startup Process: Bare Naked App Bare Naked App, Ryan Carson’s startup journal as he builds his latest application, Amigo. This is one of the most comprehensive startup journals that I...
2. Getting the Team Together To make any business work, you need a team. That’s right Mr. (or Ms.) Entrepreneur, you can’t do it alone. Throughout life, starting in kindergarten...
3. Your startup needs CREATIVE minds AND… BUSINESS minds Some people are just so damn creative. They can come up with brilliant concepts, figure out such elegant and simple solutions to the weirdest problems,...
4. Speak to A Homeless Person About Your Startup Yesterday I was at a gathering here in the city and someone mentioned that once in a while they spend some time with homeless people...