Six People You Need on Your Success Team

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in Money

If you are like most people, you want to make the most money in the least amount of time possible when launching a new venture.  Right?  In order to do this, you might want to consider a few things: 

  • You can’t do everything. 
  • You shouldn’t do everything even if you could.

This may make some people nervous.  After all, isn’t it easier to do the work ourselves?  We know the job will get done right.  We will save money.  We will feel good because we did the work.  We will have built it with our own two little hands….

I don’t agree.  At all.   I am a lawyer and have worked as a realtor.  These days, I never do my own legal work nor do I find my own properties.  Instead, I rely on experts who love what they do.  Because they love what they do, I am pretty comfortable they know what they are doing and will do their best for me.  And, they will do it more quickly than I could because they do it every day.  I would have to get up to speed.  Even better, I don’t have to do the work so it saves me tons of time that I can spend doing other things that I want to do.  Like think.  Plan.  Generate more ideas.

One of the things I wish I had known earlier is the critical importance of having the right people on my team,  knowing who those people are, and having them available when I need them.  That information could have saved me a lot of time, energy, and money.

If you are exploring the idea of being an entrepreneur or owning your own business, start building your team now.  Yes, I know you are just in the idea phase, but believe me, you will thank me later.  The people who will support your success will be at your fingertips and you won’t need to waste any time getting started.  

If you are already in business and you don’t have some of these team members in place, you might want to consider cultivating these relationships.  It doesn’t mean you have to spend any money – yet – but if you need the resources these team members provide, you will know where to find them.

Here are my top picks for the team members you need to have at the ready:

  1. Lawyer – to help define business structures, licenses, contracts and resolve other snarly issues.
  2. Accountant - to assist with tax planning and getting bookkeeping systems into place.
  3. Banker – to help find the money, of course.
  4. Insurance broker – to make sure you are protected.
  5. Realtor – to find you space or, if you are investing, to find properties for you.
  6. Web/Graphic designer – to create your presence on the web and in applicable media.

How do you find these people?  Start asking around.  Friends and family often have good leads.  Follow up on the leads and schedule informational interviews with these folks.  See if they understand you.  See if they have similar clients to the type of client you would be (or work with similar businesses).  See if you like them.  Ask for references and/or examples of their work.  Don’t be shy … these people want to work for you … so interview them and get the right fit.  It’s the key to your success.

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