business, entrepreneurship, talents

Step 284: 5 Ways for Entrepreneurs to Bring Together a Rockstar Team

“I used to say when I was starting my first company, I was much more of a recruiter than a CEO or founder.” ~ Vinod Khosla

Venture Hacks recently published an interview with Vinod Khosla. Khosla co-founded Sun Microsystems, and then went on to serve as the company’s CEO and Chairman. After leaving Sun, he became a general partner of the venture capital firm Kleiner, Perkins, Caufield & Byers in 1986 and remained there through the early 2000s. In 2004, Khosla founded Khosla Ventures to invest in start-up tech firms, particularly in the cleantech sector. When he talks, entrepreneurs listen, and with good reason: his entrepreneurial success is the stuff of Hollywood dreams.

In the interview, Khosla gives several pieces of advice for anyone starting a business, two of which I found incredibly interesting: stay true to your vision and get a good team. Entrepreneurs are by nature self-starters, non-conformists, people who enjoy going their own way. Taking the advice “find a good team” can be a challenge for independent entrepreneurs. I’ve been chewing on this conundrum all weekend, thinking about ways that entrepreneurs can and should go about finding a good team. There are countless ways to go about this tough, critical task. Here are the 5 that have worked best for me:

1.) Shout your clear, concise vision from the hilltops. If you’re clear on what you want and can articulate it succinctly and with passion, it will make it easier for your pack to find you.

2.) Don’t settle. It’s tempting to take someone who kind of fits what you’re looking for when a pile of work is looming on your desk. One of my favorite quotes from Brian is “you get what you settle for.” Good enough does not equal good, and you’ll regret the choice in the not-so-distant future.

3.) It’s okay to contract. Finding a good team takes time, though that pile of work next to you isn’t slowing down its growth any time soon. These days, contracting is a perfect way to get daily work done while searching for that perfect team. Contracting also gives you a way to test out new team members before bringing them on full-time, and it gives them a chance to check you out, too.

4.) Add only as needed. There’s a great temptation to build a team before you build a business. Get the work first, and then add staff as needed. There’s no law against taking it slow and managing your company’s growth.

5.) Multi-talented multi-taskers wanted. Usually, I’m a fan of focus over multi-tasking, however if you can find someone who has skill sets in multiple areas where you need to recruit, you can roll several positions into one superstar team member and offer extra compensation to that superstar.

What tips have helped you build stellar teams?

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