Maybe you’ve spent your entire life subjected to office spaces and hourly pay, and you’ve had enough. It’s about time to get started on that idea of yours: you’ve been throwing it around with some of your friends. Everybody always agreed; “that would be so cool!” But so far, you haven’t done anything about it. You just think about it, fantasize about it, so now it’s about time to actually get started on your brilliant idea.
So where do you begin? How do you start up an entire company? Here are some things to remember that can help you whether or not you’re founding a startup, or getting involved with one.
Think long-term. This is the case in most situations. When involved in a startup, you have to be patient and you have to be thinking two, three, five and even ten years down the line. Consider how decisions now will affect your business in the long-run; don’t rush anything, don’t think anything is going to show up at your doorstep overnight. Being involved with a startup is a long process, but it’s one that pays off - big time.
You have to be prepared to work long hours with sleepless nights, on little to no pay at all. You’re working towards something greater, something that will make you a lot of money, and be a stable career to live off of for a long part of your life. It’s difficult, it’s hard, but just remember: for the long haul, it’ll all be worth it.
When involved with a startup, being aware of every connection you’ve ever made is extremely important. You never know who you meet will be able to contribute something great later on. Isaac, our CEO, and Kelly, our CTO, were roommates in college, and I met Isaac and Anthony because we worked at Best Buy together. No matter where you meet someone, making connections and networking can be more important than anything else.
When bringing on those people, it’s important to remember what their strengths are. Anthony, our President, told me that he hires people and makes a position for them, rather than making a position and then filling it. When they brought me on, there was no “Creative Director” position open for me at the moment. But when I told them my skills and what I could bring them, they decided I would be a good fit and brought me on board. A well-structured company will make the best use of its employees’ skills and abilities. Don’t hire people to fill a position, just hire good people and find the best use of their talents.
Startups, of course, are typically consisted of a small number of people compared to full-fledges companies. An obvious observation, yes, but it’s important to remember because with a small amount of people, everybody is most likely going to have to fulfill more than one job, and complete a lot of tasks that may be out of their initial job description. To work as a part of a startup, you have to be versatile. You can’t stay in your lane and only do “x”; you also have to do “y” and “z”. When a team is filled with people with open minds, good work ethics and the ability to handle as many tasks as possible, the chances of your startup becoming a successful company is even more likely.
There are many components that go into forming a successful startup company; with a long-term plan that considers all possibilities, you’ll be ready for anything. By maintaining healthy connections with people and knowing how their skills can best be utilized, building a versatile team gets much easier. It’s not an easy task, and it’s one that takes a lot of patience and hard work. But in the end, working with a startup can be one of the most thrilling, exciting and rewarding experiences in your lifetime.