Every cohort I revisit the question, ‘What makes a good founding startup team?’ So I went back and read what I had written in my previous posts and largely I still agree. Inevitably though I learn something new that changes my advice to you, the entrepreneur, and to our team in our selection. I do suggest you go back and read the posts before you continue…I’ll wait.
All done? Excellent. Here are a few more to reiterate and add to the list:
Passion, Discipline and Resilience
I recently attended the Fuse50 event here in Cincinnati. The first speaker was José Pires. José serves as the Global Excellence & Innovation (E&I) Leader for Andeavor Corporation. He clearly articulated 3 characteristics of solid, innovative entrepreneurs: passion, discipline and resilience. I couldn’t agree more.
The key of understanding here is that being an innovative entrepreneur isn’t easy. It’s actually very hard. You will be told no a lot. The passion and resilience picks you up while the discipline ensures you’re operating with purpose.
Complementary + Diverse Backgrounds
Diversity is a competitive advantage. Blending diversity of thought, experience and skills makes startup teams stronger and better equipped to handle the uncertainty of business model development. Don’t get caught in building a team that looks like you.
Your job as an entrepreneur is to solve your customer’s problems and ease their pains. Solving customer pain creates value thereby allowing you to charge your customers real money = create jobs. Don’t fall into the trap of solving for what you believe to be truth. This is my long way of saying that you need to get really good at keeping your mouth shut and listening. Actively listen and react to what people are saying. Don’t always feel like you need to have all of the answers. Start practicing today.
Oh…don’t forget to take detailed notes. I’ve seen too many entrepreneurs who don’t take notes. Notes are invaluable in your process of developing your business model, your product and your marketing message. We teach you how at UpTech.
The many startup team traits I’ve listed through multiple posts are not meant to be prescriptive, but instead helpful. Yes, we do look for these in our founders during selection, but there are no absolutes. During our program we actively develop founders to help your team become as effective as possible. Get started today by looking at your team’s strengths and weaknesses. Next step, Apply to UpTech or Contact Us.