One thing is for certain in early stage companies – things are always changing, and often at light speed. Progress is often defined by a company’s ability to disrupt its market and adapt to innovation. It is no wonder that human capital has become the most valuable resource for many emerging tech companies.
So what does the ideal employee look like?
When hiring, companies are typically looking for the candidate with the perfect balance of formal training and experience – book smarts and street smarts; theoretical and practical; idealism and realism. But for early stage companies, that candidate may be tough to find.
In a perfect world every startup would be able to hire and retain individuals with both skill sets. However, the reality is that talent in the workforce is finite, the hiring landscape is very competitive and most companies do not have the same resources as some of the more established tech companies who can afford to pay top dollar out of the gate to hire software engineers and developers. Consequently, think about building a team with diverse skill sets and foster a team-oriented atmosphere that fosters knowledge sharing and collaboration. Team accomplishments should be rewarded and celebrated instead of individual achievements.
One final note – as part of the team, it’s essential for you, as the leader, to be mindful of your own strengths and weaknesses and to build a team that has knowledge and expertise to complement your skills. At the end of the day, your people are what will drive your startup forward so it’s important that you invest in the right team to be successful in this ever-changing environment.
In future posts, we will dive into the details of compensating your team check those out, as well!