ENTREPRENEURIAL TIP #3: TEAM IS EVERYTHING. WORK TOWARDS KEEPING THE TEAM MOTIVATED

Jun 28, 2022

Maulik

Innovify

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. 

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Prakash Pilley, Client Services Director
Prakash Pilley

Client Services Director