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Team & Value

Traditional Team

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!)

On-demand Team

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.

Team composition

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

Employees

Generally, permanent employees should be the LAST, not the FIRST option in creating your team.

Independent contractors

Depending on your business, you probably need the following people on your team:

  • Virtual assistant
  • Accountant
  • 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.

Virtual Team

  Building a virtual team that consistently wins, day after day is easier said than done. While COVID-19 forced many business to work remotely, it did not automatically mean their team is performing better.  Challenges and Solutions Unlikely the team in your physical office,  there are several challenges with a virtual team Firstly, they are

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Team & Value

Traditional Team 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

Read More »
puzzle, team, teamwork

Build Your Team

  Building a winning team, much like many other endeavours, is an inside job.  The entrepreneur does not roll off bed one day and decide to employ people, just because he needs companionship. Rather  the entrepreneur knows that a team must be in place for him to achieve his goal over the long term. The

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macro, cogwheel, gear

Working 200%

Start up entrepreneurs are blissfully unaware of what lies ahead. They are counting on their qualifications, skills and experience to get them through the path ahead. They have dreams – doing what they love, finding financial freedom, regaining independence and making a difference in the lives of others. Established entrepreneurs are unhappy. Not that they

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welding, welder, work

Get Work Experience

South Africa has an astronomical unemployment rate. It does not matter whether we use the official statistics (25%/30%+) or the reality on the ground (60%+), unemployment, especially when comes to the youth is well recognised in the country. Chicken and egg It is a chicken and egg story. You are studying and don’t have work

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interview, lifestyle, clothing

Small Business – Interview Questions

So you are planning to hire an employee in your small business? These days there are literally thousands of questions that you could ask in the interview. Here are valuable interview questions to get started Tell me about yourself? (Then drill deeper!) Why do you want to work for our business? What do you know

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