Venture Team Development While Bootstrapping a Start-Up
Recruiting is one of the most important jobs an entrepreneur has in the early stages of setting up his or her company for success. After all, people are the most valuable resource at any company, and when you bring in a co-founder, you’re starting a new relationship that requires nurturing and mutual support. It’s very important to approach this task with enthusiasm and transparency.
Bootstrapping a startup is an excellent way to validate your assumptions about the company you plan to start. Researching and learning about the market you’re addressing without spending a lot of money helps pinpoint where your product is going to have the most impact and gives you a better understanding of what you will need to make it a success. At a certain point, you’ll know if it’s the right time to knock on investors’ doors or go at it with no investment. Regardless, you should have an understanding of what you need for success.
Here are 5 things you shouldn’t do when you start bootstrapped recruiting that will help point you in the right direction.