The other day I was discussing philosophies for building and maintaining a great team with a good friend of mine.
I thought I wanted to share my philosophy here because great people and developing great people are essential to any hope of success whether it being in a startup or anywhere else. So here goes:
First of all, always look to hire someone better or smarter at what they do than yourself. We should not even discuss this point, but still I see too many “I want to be the brightest one in the room”-people recruiting essentially minions, and I think it is just detrimental to their future success.
Second, sell the vision or “the why” of what you’re doing. If people don’t get turned on by that or at the very least seem above and beyond interested in it, they will most likely be the first ones at the door if something more exciting comes along. This is not to say that people should never leave – they should (see later) – but they shouldn’t because they’re disengaged from day one.
Third, give people mandate. If you have great people around you, they will be looking to have the maximum influence on their own jobs and prospects for future success. Let them run with it.
Fourth, don’t be shy to set expectations and be transparent about hardships. If the great people want the mandate, you also have an obligation to include them on the tougher decisions and get their input. And those who really aspire to great things need to show they can step up and also take on the tougher challenges. In the end it adds to their personal development.
Fifth, always focus on developing people and help them go ‘from good to great’. Recognize their contributions and how much you appreciate them but also keep a tight focus on their development points. Not because they’re lacking, but because they have the potential to be even better and be more successful.
And finally, and sixth, always let them know that you appreciate what they’re doing, the contributions they make and how much they mean to you on a personal level. First of all, you should genuinely feel that way, so it will just be an exercise in transparency. And second of all, it is perhaps the strongest glue that will keep you together as a team and set you off towards accomplishing great things together.
That’s pretty much it, as I see it. Agree? Disagree? Why? I would love to hear your thoughts on this essential topic.