Building Your Startup Team

In the early stage of running your own business, it’s natural to try to do as much as possible by yourself. It’s the most cost-effective, comfortable, sensible way to do things in the beginning.But as your enterprise grows, you will find yourself stretched thinner and thinner. Eventually, you’ll find you just can’t continue to oversee operations, sales, accounting, fulfillment, and marketing and hope to grow your business.When you reach this point, it’s time to think about bringing other high-level managers on board to help you out. You need to build a team that’s able to manage all the critical areas of your business to take it to the next level. Building your team demands jobs matching to people’s strength. That means giving people responsibilities according to their skill level. That includes you as well- don’t give yourself an impressive title and job unless you deserve it.

In a team-oriented environment, you contribute to the overall success of the organization. Even though you have a specific job function and you belong to a specific department, you are unified with other organization members to accomplish the overall objectives.Team building is a four pronged process. The elements of this process are, building a strong foundation, creating the strong pillars to build the next floors, building the first model floor and then just replicating as long as you grow.Why a strong foundation?For maintaining an effective team you have to concentrate on foundations required for them. You must build or repair the foundation first if you are seeking to build an effective team.[Tweet "Stronger the foundation, higher the building will go."]This stage needs lots of digging, too much patience and unbounded perseverance.Who qualifies to be a founder member?Identify the three core skills needed for your business and get them in the team as much as possible. The members should have shared goals and similar values. Don’t mix personal and professional relationships in your business because friends and relative don’t always make a good team.Who builds the pillar and the first floor?This is the next core team, may be next 5-6 key people. This may include more functional experts (marketing, HR, technology, sales etc depending on your business). Hire them for passion and skills. New businesses are much about ownership, hardship and passion as much as about skills. Hire for attitude with shared goals and values, and train for business.

Who builds the floor?This is the growth stage where your business is working. You know what to sell, to whom you sell and where you want to go. Here skills are more important as you know what you are looking for. Passion, common goals and shared values are important too but to a lesser extent now.How do I find co-founders?[Tweet "The key to find a co-founder is networking"]The key to find a co-founder is networking: network, network and network some more. Make an effective impression: talk about your business with passion.

An Analysis of Training Rates and Expenses Post-Global Financial Crisis

As the world rebounds from the effects of the crisis, consumers and businesses are gaining back some of the ground it lost and slowly the economy picks itself up again.

Following the total economic collapse, many training facilities and consultants dropped their rates to remain afloat during the financial collapse. A decrease in rates were offered to keep the cash flow and service provision rolling with many decreasing their profit margins just to remain open for business.

The rates of training facilities were drastically reduced but more than half a decade down the road since 2008, the rates that the training industry has been providing is nowhere near sustainable. As inflation continues to rise, operation costs, administrative expenses and overhead budgets increase annually, it’s inevitable that the rates of training facilities will revert back to where they were in 2007, pre-financial crisis.

The training and education sector experienced numerous challenges as a result of the global economic crash. Following the significant contraction in 2009, the various sectors from tourism, to sales to education have steadily rebounded with a steady annual increase in production.

As a majority of the Western Hemisphere has shown sustained recovery beginning around 2012, there is a positive outlook with projections marking a continued upward trajectory as time progresses.

During the crisis, there was an increase in outsourcing of training as many businesses and individuals sought to cut costs and opted for virtual training. However, while it was a good temporary solution given the financial hardships, many studies have found that virtual training has advantages but it cannot surpass the quality and interaction of face-to-face trainings.

As the economy rebounds, more business have larger budgets to spend and individuals looking to enhance their resume for employment have more livelihood opportunities, there is an increase in training demand.

This would most likely result in the subsequent rise in the cost of training facilities with more and more people opting to receive more additional lessons and courses as the economy becomes more stable. Such a rise could rejuvenate the training and education sector allowing providers to provide high-quality services and enhanced educational facilities.

Even as the cost of training rises, here is a quick list of why you should still pursue advanced education and training:

• There is nothing more worthy of investment than yourself. What better investment is there than education that will enhance your knowledge, skills and attitudes for better employment marketability;
• Training in your desired field will expose you to the latest trends and knowledge;
• Gain creative and critical thinking skills that will allow you to mold and change the environment in which you operate; and
• Further studies will enable you to meet colleagues expanding your social and professional network.

Nurture and develop your skills to elevate your employability and increase your chances of improving your career.

For more information of Training Venues and Seminar Facilities, please visit

Salah Banna
Director at Training Choice