How Building Teams With Data (Plus Instincts) Fuels Your New Business
Got a great idea for a business? Is it time to put your plan into action? Before you get moving, you’ll need to have a solid team in place. Building teams for a start-up is critical, because those initial people you hire will be building the foundation for your company culture and steering the initial success of the business.
However, the critical team-building process doesn’t have to keep you awake at night. There are a few important steps for building teams in a start-up. Here are the key components:
Create a plan for the founders. If it’s not just you, then identify your founders and what roles they play. Have discussions about who will make which decisions and put it in writing, especially a closure plan. When you’re in the brainstorming and excitement period, it’s hard to imagine that your company could crumble when you and your co-founder disagree later. However, it’s better to anticipate challenges and prepare for them, rather than be surprised by a difficult impasse. How? By truly understanding the strengths you have and those of your co-founders, as well as your best motivators and your approaches to succession planning.
Identify which roles you need…and which ones you don’t. You need to determine which employees are your initial hires, and which ones are unnecessary (at least for now). You may want to consider outsourcing payroll and other tasks that can be taken on by a contractor. Later, as you’re building a stronger team, you’ll know even more clearly what strengths you’re looking for. This is a challenging process, especially for a start-up, but you also need to know what kind of culture you are hoping to offer so that you can hire employees that are a good fit with your vision.
But don’t stop there. Data-driven behavioral assessment is the true key to successfully building teams for a start-up. A behavioral assessment like the PI System gives you important information about the candidate’s motivations, values and behaviors. You’ll find out whether they will fit with your company culture, how they work with various personalities and get reliable predictors of their likely success in the position.
Interviewing candidates gives you some insight into their conversational style and chemistry with your team. You can incorporate some of your own instincts and perceptions into the process as you build your team. However, the addition of a behavioral assessment into your hiring process creates an opportunity to use data for daily decisions, rather than simply going with your gut.
At PI Consulting Group, we offer the PI System as a reliable tool for building teams right from the start (saving precious dollars later). Call us to set up an initial meeting, where we can describe the benefits that behavioral assessment can bring to your new company.