Start-Up Success: Five Different People You Want On Your Team

Business start-ups require a multitude of individuals in order to operate successfully. Here are five examples of people who you want on your team.

Visionary

Any venture needs a strong idea in order to be started, and ideas don't simply grow on trees. An innovative visionary is not only able to challenge his or her team, but is extremely active and passionate about their idea. Furthermore, a visionary will know what to get done, along with when and how to do it, and they will not allow the start-up to run without a clear plan-- for the present and future. They are ultimately willing to take risks, but only calculated and rational ones.

Jack of All Trades

We all hear about the cliché individual who can be a jack-of-all-trades, but it turns out this individual is more than a myth. This person is able to get down to business and do the dirty work, which combined with an idiosyncratic amalgam of other traits-- such as charisma, geekiness, and eccentricity-- can propel an organization rather quickly. Fortunately, this individual doesn't have to have an MBA or advanced degree. However, it is imperative to have this individual on board from an organization's inception.

Leader

What distinguishes a leader from other key individuals in a start-up is their ability to make quick and decisive decisions for the firm. This individual doesn't necessarily have to hold the title of CEO, but they are able to form consensus and solidarity among the start-up's employees. The leader will listen to everyone's opinion, but they have to have the ultimate say over decisions. Someone who has completed an online MBA program can help your business grow.

Veteran

The veteran is well-seasoned with start-up firms, knows how any given industry works, understands marketing and the dynamics of a young firm, and is almost prophetic as to whom to bring on board. However, like many other instrumental positions within a start-up, the veteran doesn't necessarily have to be a different individual from the leader or another key person.

Financial Guru

Having a founder who deals with the financial details of the start-up helps in multiple manners. First and foremost, it saves the firm money and can eliminate any third-party conflict of interest from a professional controller or chief risk officer.  Additionally, an individual in this role can help create financial projections, which are important to angels, venture capitalists, and other investors. They don't necessarily need to be on board at inception, but it helps to have this individual not too far into starting your firm.

It’s important to have people on your team that you can trust. By making sure you work with people that have a variety of skill sets, you can improve your chances of success.

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