What are the qualities of New venture team?

Are you finding it difficult to build a reliable support team that becomes your rock solid foundation for success?

According to Monica Davis, “Teamwork makes the dream work.”

Davis says that achieving lifetime success is similar to building a house: Begin by laying a foundation of commitment, hard work, integrity, patience, and self-confidence. Then frame and wall your success structure with a team of people who can help you achieve your dream and support you in areas in which you do not have expertise.

“Your team should work for you and with you,” advises Davis. “Select people who support your business and professional goals and are loyal to your vision and mission.”

To assemble your own dream team, consider Davis’ list of 10 Key Traits of your entrepreneurial team candidates. Enthusiasm is important, but these traits will determine whether someone can actually help you reach your goals.

Check for these characteristics when adding someone to your team:

The 10 Key Traits of Successful Entrepreneurial Teams

1. Timeliness. Are your team members following through on their promises to deliver quality work on time, or are they over-promising and under-delivering?
2. Trustworthiness and honesty. When was the last time you did business with someone you didn’t trust? Research your team candidates’ backgrounds and values to build a team you can trust.
3. Willing to take calculated risks. Calculated risk requires a certain amount of careful planning and thought in order to reduce any potential negative impact. It also protects your investment. Avoid the “If it doesn’t work, we’ll figure out how to fix it later” approach, which leaves you open to mistakes and financial losses without a backup correction plan.
4. Open to new ideas. Do your team members subscribe to the “If it ain’t broke, don’t fix it,” or “This is the way it’s always been done” mentality? Avoid team members with these traits. In order to succeed, your team must be open to innovative ways of solving problems. If they’re not open to change and new ideas, they may not be a good fit.
5. Admit mistakes and learn from them. Does your team acknowledge the mistakes they make? Are they willing to correct them? Are they courageous enough to apologize when they are wrong? They should be.
6. Self-motivated. Does your team exude enthusiasm about their own businesses and lives? That enthusiasm should carry over into their attitudes and actions when serving your needs. They should be proactive in helping you achieve steady growth.
7. Committed to excellence. Be careful of experts who offer to help you solve your problems but make very little effort to improve their own lives. Select team members who are committed to excellence, not perfection. Perfection stifles your ability to grow because you’re never satisfied with what you have created. Excellence allows you to ask yourself, “How can I better myself tomorrow?” and “How can I improve so I can have greater opportunities?”
8. Provide positive feedback. Because you must be open to improvement, change, and constructive criticism, it’s important to find people who provide positive feedback but also tell you what you may not want to hear. They should provide an honest, balanced account of your performance. “Yes people” do not serve you or your business well.
9. Focused on solutions. Are your team members more focused on helping you solve your problems, or on gaining their paychecks? Prioritizing money often leads to cutting corners and diminished work quality. However, when everyone’s focused on providing excellent service and solutions, the money will follow.
10. Open to constructive criticism. Are your team members willing to listen to your feedback and take action on it? As the owner of your business, you need team members who welcome your thoughts and are willing to accept your constructive criticism of their performance.

Considering each of these 10 characteristics will help you build a strong team that supports your vision and mission for continual growth, says Davis.

Exceptional People Magazine helps business owners and professionals learn how other successful entrepreneurs and business icons make important decisions that can break or make their businesses. Here’s how to subscribe to this outstanding magazine.

“Exceptional People Magazine is an incredible source for helping you unleash your full potential,” says The Honorable Mike Farhat, President of United States Global Partners, Ltd. “It is a brilliant publication filled with information that you can apply to your business, professional, and personal life – and see results.”

About Atela Productions, Inc.

Atela Productions is a multi-faceted media company which provides media services and promotes positive dialogue and social change through life-changing, mind-broadening, educational products that help professionals and entrepreneurs reach their business and professional goals.

About Monica Davis

For over 20 years, Monica Davis has been in the business of influencing and helping people to improve their lives. She is a bestselling author, a media trainer and coach, an award-winning television host and producer, and the publisher of Exceptional People Magazine.

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