It is simply impossible to execute a startup business on your own. There aren't enough hours in the day. You probably already have job or are running a business, doing the thing that keeps the lights on while you dream about bringing your great idea to fruition. You need help...
So, you talk to family and friends about your idea; maybe some of them get excited enough to spend some more time brainstorming with you. Maybe you have some great professional colleagues who share your vision, your passion. Wherever you find them, it is crucial to realise that you need a team to build a successful business, and what better pool of people to draw upon than that which contains the people you know best?
So, decide which skills you need, identify the people that are most interested, and are willing and able to take the journey with you. That of course means sharing the risk, both professionally and financially, and sharing the load.
Don't be afraid to tackle the hard topics - get everything out in the open, make your feelings known, layout your vision for the organisation you are building and where you want it to go. Then they will make their personal requirements known, they will openly discuss what needs to be done, who will do it, what it will take, and how the financial aspects will be handled.
It doesn't mean going into the arrangement blindly, trusting that everyone will behave as they should. The best people will accept the need for formal, binding legal arrangements, and they will happily sign an agreement to that end.
Then the real work can begin. Next step - get a lawyer. Until the next time, as always - thanks for reading.
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