Build A Strong Core: 5 Lessons to Assemble a High Performing Team for Your SaaS Business
When I was 24, I started my company Spheric.
It nearly killed me.
As an ambitious entrepreneur, I had to make it work and wouldn’t stop at anything. Before I knew it, I was pulling 100+ hour work weeks.
That’s 14 hours per day, 7 days per week.
(Sound familiar? Don’t lie… I bet you check in on your business on the weekend too.)
There is NO WAY I would ever recommend doing that again!
I overworked myself and nearly burned out. Finally, at 28, I sold the company and became very wealthy, able to afford some time off.
When I started my next company, Flowtown, with co-founder Ethan, I knew I had to do it differently.
Rather than destroying myself, I focused my attention on something else:
The difference between these two companies was night and day. The growth of Flowtown was easy by comparison!
As a SaaS founder, I don’t believe you build your business… You build the team, and then that team builds the business with you.
In this latest video, I’ll show you how and why you NEED to build a strong team for your SaaS.
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Over the years I’ve collected a bunch of strategies that help me grow strong executive teams quickly. Here are my top 5 tips:
- Buy Back Time
- Follow The Workflow
- Set The Roles
- Revise Overtime
- Make Hard Decisions (Someone has to do it)
A strong team means you will work less but get more done.
It also means freeing up your time so you can work on the higher leverage stuff that you want to work on.
Whenever you hear of those power-founders that build massive companies quickly, one after the next, I guarantee their ‘secret sauce’ is the leadership teams they assemble.
It pays to get good at this.
Not next year… not next month.
Take a few minutes to watch through the video here and share your thoughts in a comment. Your future self will thank you!
Dan Martell has advised more startups than his hometown has people and teaches startup founders like you how to scale. (Get access to all my latest business hacks.) He previously created, raised venture funding for and successfully exited three tech companies: Spheric, Flowtown and Clarity.fm. You should follow him on twitter @danmartell for tweets that are actually awesome.
Originally published at https://www.danmartell.com on July 6, 2020.