One thing startups definitely can’t afford is ineffective management. A management team that worked well in the initial stages may find itself struggling as the startup expands, as they’re tested by anything from poor sales to market conditions.You187 need to have the right people to make the right decisions.
So as you build out your leadership team, you need to do two things. (Well, you need to do lots of things, but for the purpose of this particular point, let’s focus on two.)
Firstly, you need to make sure that your team is working well together. In order to be effective, you need to keep everyone on the same page. One way of doing this is to build transparency into your management team’s decision-making process, so everyone on the team knows how the important decisions get made.
Secondly, you need to make sure that your team is working well, period. Be upfront about what is and isn’t getting results, and if you spot any underlying longer-term issues, address them as soon as you can, before they become major problems.
It might lead to some uncomfortable conversations — maybe even some uncomfortable decisions — but having strong management is vital to guiding your startup in the right direction.