Most New Businesses Fail — How to Make Sure Your Team Succeeds

Statistics don’t lie.

That’s not right. They lie all the time.

In this case, however, it is true most new businesses fail within five years. One of the keys to making sure your firm succeeds is building the right team.

You can’t get there if you don’t have the right people. Hire for aptitude and then find the right slot for them. Base your key positions on a typical heist movie. You’ll need:

The Brains – lays out the whole operation. This may or may not be you.

The Brawn – call that guy with no neck you knew when you did a little stretch upstate for something you can’t talk about.

The Tech Nerd – this is the girl that will keep you on the cutting edge of technology, and show up ever day with a new tattoo.

The Love Interest – yes, your significant other plays a major role in your success. Don’t have an SO? Tinder is your friend.

The Wheelman – you need a genius behind the wheel, somebody that can get you out of a tight situation when chaos ensues, which it will. In other words, you need a great driver to pick up sandwiches, coffee and those little airplane bottles of vodka.

The Money – you don’t see her often, but this wealthy investor is keeping you afloat. Most days you’ll feel she is just toying with your little ship. You are right.

Get these positions right, and your company will do better than you ever expected.