An inability to define roles and delegate tasks can fail a startup. Following a plan to gradually transfer responsibilities to others will smoothen the team expansion process.
Startup networking events are an excellent starting point. Wherever you go, always be pitching and looking for great people. Instead of stating that you’re searching for a specific type of professional, you can elaborate on the gap you want to fill.
Friends and family can make a good team for your startup if their professional values, vision, and skills are in alignment with yours. In case you employ people from your close circle, set clear expectations around finances, hierarchy, etc.
Founder Institute Core program prepares founders for sourcing talent, screening, hiring, and onboarding. Our graduates also get immediate access to FI’s countless resources and global network of founders, mentors, and investors.
You can go solo, but finding a compatible business partner who shares your vision and ambition, can significantly increase your startup’s chances of success.
There are various open-source templates available online you can use to sort out the legal relationships with your team members, mentors, and advisors. Founder Institute has created several standard agreements that have helped thousands of founders.
For startups, culture fit is incredibly important and should be the #1 hiring criterion. If a candidate is growth-oriented, they will easily adapt and learn what they might be lacking.
The ideal onboarding process for a startup begins during the recruitment phase. Most successful startups recruit talent with a series of “test projects” before the new employee is officially working for the company.
Define the most critical qualities for the role and list questions to determine whether the candidate has them. If you ask everybody the same things, it will be easier to compare responses.
The Founder Institute is the world’s most proven network to turn ideas into fundable startups, and startups into global businesses. Since 2009, our structured accelerator programs have helped over 7,500 entrepreneurs raise over $1.85BN in funding. Based in Silicon Valley and with chapters across 100 countries, our mission is to empower communities of talented and motivated people to build impactful technology companies worldwide.
