Hire Power Radio Show

Melinda Kim: Select Your Founding Team For Your Business Like You Would A Marriage. Only When Your Values Are In Aligned Will It Stop The Breakup!

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Founders need to build the cultural foundation before building the product! Building the right team is more important than just any team.

Today's Quote:

“Alone we can do so little; together we can do so much” ― Helen Keller

Show highlights:

  • The importance of taking the time to select the right team
  • Recognizing the team challenges
  • How to set the right foundation for building a great team

    • Challenges we see with teams:

    • What you really need in a team...Taking anyone is not the right thing to do 
    • Hiring anyone or for skills dramatically increases the likelihood of failure.
    • Founder need to develop their muscles to make smart hiring decisions
    • The foundation- transparency & culture
    • Purpose- What's in it for me?
    • How and who makes decisions?  
    • Most importantly, How does the team solve problems?
    • Develop the EQ to have the difficult conversations

      • Framework for Building the Right Team from the Beginning:

      • Establish mission, vision & values (as a team)
      • Communication standards
      • Foster transparency
      • Business Model Canvas (product driven)
      • Establish process
      • Define who you are BEFORE you make your first hire
      • Only hire people who mirror your core values and align with your vision
      • Great things often come out of conflict

        • Takeaways:

        • Culture first
        • Transparency
        • Hire people who will take you where you want to go

          • Melinda Kim is the Executive Director, co-founder of PeopleSpaceOC, an incubator and workspace located in Irvine, Ca. She is a proven executive/entrepreneur who facilitates collaboration and innovation between developers and business entrepreneurs from around the world.

          Aside from her responsibilities, Melinda is also a Startup Weekend Facilitator and NASA Space Apps Lead. She specialize in Statistics Driven Product Analysis, Business Strategy, Growth, Community and Social impact.

           

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