Traditionally, when entrepreneurs thought about their team, it was about hiring permanent employees.
You would hire a recruitment agent or advertise a position. You collect CV’s. You interview candidates. You make an offer. You hire 1. The next day when they walk into your business, you discover that the person you thought you were hiring and the one you hired, are not the same!
And when you want to dismss the employee, you have to run the gauntlet of labour red tape. The traditional approach is high risk, high cost and high time (gone!)
But times have drastically changed. The traditional approach is giving way to a robust, flexible and low cost model.
We need to recognise that the relationship between the entrepreneur and each person on the team is an exchange of value. You can structure the value arrangement to match the risk, cost and time requirements in your business.
You team can consist of
1. Employees – permanent, temp, fixed term, interns (Traditional still lives)
2. Contractors – consultant, advisor, coach, specialists
3. Partners – JV, strategic alliance, resellers, affiliates
4. Customers – new & existing
5. Volunteers – future employees, contractors, customers or partners
Generally, permanent employees should be the LAST, not the FIRST option in creating your team.
Depending on your business, you probably need the following people on your team:
- Virtual assistant
- Business mentor
- Sales person
- Customer service – service consultant
- IT support person
- Legal advisor
An independent contractor relationship could be cheaper and more effective than employing a full time person.
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