Who Should Work for Your Start-Up?
Starting a start-up is hard, really hard! In fact more than 75% of all start-ups never make it and die without ever making a profit.
The tech entrepreneurs are idealized all over the world, but the majorly fail in their endeavors.
This is not because people who start these startups are not talented or are lacking resources, but it takes an incredible amount of hard work, planning and good luck to make a start-up work.
Not every start-up story ends like Steve Jobs or Bill Gates.
As a founder, you need to bring the right people aboard to ensure the survival of your company.
You have to make decision and make them fast.
You can't make too many mistakes.
The following list is the most import things you need to concentrate on: The first order of business is to find a co-founder.
This is the most important decision you make as an entrepreneur.
Start-ups with more than one co-founder have a better chance of making it.
You need to find somebody who bring to the company skills you don't have or not strong enough.
You need somebody who will speak his / her mind and can take pressure with grace.
The second thing to do is to find a mentor.
Find somebody who has done this before and is respected in the community.
A good mentor can help you navigate the hazardous road ahead of you.
A good mentor can introduce you to the right people and open doors for you, which you alone can't.
Hire a tech wizard who can bring your vision to market fast.
There are special engineers who can solve problems faster than others, create great designs and implement them fast.
Picture yourself as a young Steve Jobs having a Steve Wozniak helping him to bring his dream to reality.
Even if you are a tech wizard, you still need a chief technologist in your company.
There are too many things you have to concentrate as a founder, so you need to learn to delegate.
Hire the best salesman you can possibly find.
The number one job of any business is to make money, and you make money by selling your product, service or your dream.
Sales and marketing is vital in success of any company.
Plan for short to medium term plans.
Long term plans don't work for start-up.
The market and technology change too fast and there is no way you can predict what is right 5 years in the future.
Get rid of under-performers.
If a new hire does not fit your company's culture, or is not just good enough, don't wait.
Let that person go and start looking for somebody better.
Don't waste money.
A lot of startups burn cash extremely fast and end up running out of money and begging for more.
If anything is not urgent, just postpone it.
Don't waste money on things that don't help you and your team to do the job right.
Having said that, you should invest on things that improve the productivity of your team.
Outsource things that could be outsourced.
Any task which is not part of your core competency should be farmed out if possible.
Use the cloud (Amazon or BackSpace) instead of creating your own IT department.
If testing and verification could be done somewhere else more efficiently and economically, then there is no reason you should do those tasks yourself.
The tech entrepreneurs are idealized all over the world, but the majorly fail in their endeavors.
This is not because people who start these startups are not talented or are lacking resources, but it takes an incredible amount of hard work, planning and good luck to make a start-up work.
Not every start-up story ends like Steve Jobs or Bill Gates.
As a founder, you need to bring the right people aboard to ensure the survival of your company.
You have to make decision and make them fast.
You can't make too many mistakes.
The following list is the most import things you need to concentrate on: The first order of business is to find a co-founder.
This is the most important decision you make as an entrepreneur.
Start-ups with more than one co-founder have a better chance of making it.
You need to find somebody who bring to the company skills you don't have or not strong enough.
You need somebody who will speak his / her mind and can take pressure with grace.
The second thing to do is to find a mentor.
Find somebody who has done this before and is respected in the community.
A good mentor can help you navigate the hazardous road ahead of you.
A good mentor can introduce you to the right people and open doors for you, which you alone can't.
Hire a tech wizard who can bring your vision to market fast.
There are special engineers who can solve problems faster than others, create great designs and implement them fast.
Picture yourself as a young Steve Jobs having a Steve Wozniak helping him to bring his dream to reality.
Even if you are a tech wizard, you still need a chief technologist in your company.
There are too many things you have to concentrate as a founder, so you need to learn to delegate.
Hire the best salesman you can possibly find.
The number one job of any business is to make money, and you make money by selling your product, service or your dream.
Sales and marketing is vital in success of any company.
Plan for short to medium term plans.
Long term plans don't work for start-up.
The market and technology change too fast and there is no way you can predict what is right 5 years in the future.
Get rid of under-performers.
If a new hire does not fit your company's culture, or is not just good enough, don't wait.
Let that person go and start looking for somebody better.
Don't waste money.
A lot of startups burn cash extremely fast and end up running out of money and begging for more.
If anything is not urgent, just postpone it.
Don't waste money on things that don't help you and your team to do the job right.
Having said that, you should invest on things that improve the productivity of your team.
Outsource things that could be outsourced.
Any task which is not part of your core competency should be farmed out if possible.
Use the cloud (Amazon or BackSpace) instead of creating your own IT department.
If testing and verification could be done somewhere else more efficiently and economically, then there is no reason you should do those tasks yourself.
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