Build a Team Before You Start a Business

[Jasmine]

Do you know what the most common mistake a business owner makes is? It is not related to not having enough money, not having good product, or not having skills and expertise. Well, you need these things but most importantly you need to put together a good team.

The biggest mistake is they try to do everything on their own. They can't be the best at everything, can they? Someone who starts a business can't be a good product developer, a good marketer, or a good business manager at the same time. Therefore, you need to build a team before you start a business

In order to build a team, the first thing you need is money. If you cannot offer good pay, you cannot hire experienced and skilled people. If you don’t hire skilled team members, how can you build a successful business?

Build a team of professional workers. Before that build business funds that is enough to pay a good salary to your employees for at least 6 months.

 

[Mika]

I wouldn't classify not building a team as the most common mistake committed by a business owner. If you start a small business (an online business) you can do it all by yourself, you don't have to hire anyone. If you hire, your running cost will increase and you might not be able to run the business smoothly. However, if your business is relatively big, that needs staff to manage and operate, you will need a team. If you are still short of money, you don't even have to hire full-time staff, you can work with virtual assistants. If you want to hire a full-time staff, you need a lot of money, if you don't offer a good salary you cannot hire the best person. Can hire a good manager for $100-$200 per month? Well, that is not possible. Even when you hire a virtual assistant you might have to pay at least $500-$100 per month.