Who you will work with in the end will be much more important than what you work on!
This is one of the hardest lessons that I have learned. I spent years thinking and crafting the what. I carefully identified my talents and potential of areas of growth. I went to classes and seminars, and in the end I had two businesses nearly fail because I had the wrong team.
Building your team is not merely finding people who you like or who want to be in business. These people must share your goals, commitment, work ethic, and truly believe in the vision. There is no magic formula to identifying your team however there are some things I have learned through trial and error.
Be sure you utilize the SMART method:
S - specific, significant, stretching
M - measurable, meaningful, motivational
A - agreed upon, attainable, achievable, acceptable, action-oriented
R - realistic, relevant, reasonable, rewarding, results-oriented
T - time-based, time-bound, timely, tangible, trackable
Carefully listen to potential team members feedback. If their initial reaction is to change your goals, then they may not be an optimal team member. Instead listen for feedback like how they would execute the stated goals or how they may be able to help. An absolute deal-breaker for me is when a potential team member tells me something is impossible. I do not believe in impossible only in yet to be done.
We all know people who talk a good game. In the end, you will need to execute a strategy not just talk about it. Pay attention to true participation. Participation is much more than being a sounding board or brain-storming. Both of those tasks are important but execution trumps all.
I have failed my instincts several times but my instincts have never failed me. There have been several occasions where my instincts have said nope but I thought “I’m being pessimistic” or “Maybe this time it will be different”. Each time the final words to those experiments were “I should have gone with my first impressin”. If you don’t feel comfortable don’t move forward. Walking into any relationship with doubts is a bad way to start.
Deciding on a team is the most important decision you will make for your business. Getting along is not the same as moving along.
Don’t confuse personality compatibility with business compatibility.
Reading tip: Good to Great: Why Some Companies Make the Leap...And Others Don't
By Jim Collins
Dr. Shante Williams is a serial entrepreneur who started slow and in the shallow end of the business pool. She has worked in Biotech, Big Pharma, Green Energy, and Academia