AI/ML
Beyond Prediction: Partnering with Reinforcement Learning Experts for Strategic Automation
Entrepreneurial Tip #3: The Importance of a Motivated Team
Startup and Entrepreneurship
Jun 28, 2022
Innovify
HERE ARE THE MOST COMMON MISTAKES THAT BLOCK CREATING A MOTIVATED TEAM ALIGNED TO BUSINESS GROWTH…
3. The wrong team
THE TEAM IS EVERYTHING. HERE ARE THE MOST COMMON MISTAKES THAT BLOCK CREATING A MOTIVATED TEAM ALIGNED TO BUSINESS GROWTH
- Wasting time and focus trying to get all the skills in-house rather than using committed partners like Innovify to deliver the initial requirements, allowing owners to focus on the business side
- Not letting team members contribute to the product – this kills team creativity and excludes them as valuable stakeholders
- Hiring for short-term/immediate needs. This can lead to both (a) firing them once the job is accomplished, leading to insecurity in other team members and (b) continuing to divert funds to non-essential activities, leading to cash burnouts
- Lack of clarification of roles and responsibilities, leading to confusion on the floor
- Ejecting under-performers from the organisation quickly – laggards can pull an entire company down
- Judging teams only on their competence and not their beliefs/values that relate to the business. Remember: competencies can be learned but not the values
Innovify is an end to end digital product management company with a focus on startups. To learn more tips about avoiding the mistakes that startups make, read here.
