Last week I invited friends to celebrate our business’s milestone. Gathered around a lovely meal, I felt grateful for their support and being part of our journey. Most importantly, I was reminded that having reliable team members is the most important aspect of a business. Without them, we wouldn’t have been able to celebrate our milestone.
When I first ventured into entrepreneurship more than a decade ago, I was focused on one thing: making a profit. That meant keeping costs low. I wanted a quick return on my investment and for as many people as possible to know about the brand I was building. I spread the word, received media coverage and the customers came flocking. But I soon came to realise that I had taken on more than I could handle. The business had grown and I needed help with the increasing workload, handling customer requests.
Without the right team, I knew I wouldn’t be able to get far. Along the way, I made it a priority to invest in team members who not only had the skills to do the job, but also shared the passion I had for our business and believed in our mission and goals. Here’s why you need to invest in reliable team members.
Without a reliable team, you’ll be stuck where you are
At the beginning of my business journey, I took on most of the workload, because I couldn’t rely on my team. I spent most of my time training team members. Unfortunately, this is something many start-up entrepreneurs end up going through because they did not prioritise finding the right team members or they would prioritise cost over talent, which ends up impacting profits in the long run.
Not having the right team members meant lost opportunities. I spent the next period searching for team members who were passionate about the vision I had for the business, in addition to having the right skillset to do the job. Once I made finding the right team members a priority, my business performance improved. This takes us to the next important point.
The right team members help you scale your business faster
It’s not just important to have people who can do the job, but those who can help you scale your business. The hiring process took a while, but once I hired reliable team members who also shared the vision I had for the business, we were able to grow and realise our goals faster. My team members had my business’s interest at heart, and they helped me steer it in the right direction. I didn’t have a big team, but they were the right mix and that made all the difference.
Dedicate time to invest in your team members. Look for individuals who are multi-skilled, who have a similar or shared background and interests and those who are driven. Where possible, present them with scenarios to see how they would respond to them, or if they do freelance work, test their work by hiring them for a project.
Building the right team
Whether you are about to venture into entrepreneurship or scaling an existing business, your team members are what makes or breaks it. It doesn’t matter how skilled or smart you are. If you have a business that you plan to grow, you need the right people to help you realise that.
Manar Al Hinai is an award-winning Emirati writer and communications consultant based in Abu Dhabi. Twitter: @manar_alhinai
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
AWARDS
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
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Company%20profile
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Company%20profile
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FROM%20THE%20ASHES
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
COMPANY%20PROFILE
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5