What kind of skills does a startup need in the beginning of their journey? Who should you hire as a part of your company and what skills are best to subcontract? Our product development expert, Pasi Pentinpuro has the answers in the second part of Haltian Startup Videos: Building your team
Successful startup needs a balanced team
Tech startups often start with an engineering team, but according to Pasi, it is a good idea to make sure that you have different kinds of talents in your team from the very start.
Here are the skills your startup will definitely need:
- Someone who understands the technology part of your project
Subcontracting R&D leaves room for business growth
So what are the things you should subcontract?
In a technology startup it’s obvious that you will need R&D (research and development), but hiring R&D talent has it’s difficulties and drawbacks.
First, it takes time to build R&D capacity and talented. Second, good and experienced workers are not easy to find. And finally, there is always the risk that having R&D within your company will be a cost to you before you get your business running well.
The benefits of subcontracting your R&D can be said to be the following:
- you’ll get an experienced team very quickly
- you only pay for the development of your product
- it saves you the trouble of building capacity at the early stages of your startup
In conclusion, to turn a great product into a successful business, you want to grow as fast as possible and reduce commitment and long-term investment.
Watch Haltian Startup Videos part two:
What’s coming in the Haltian startup video series?
Part three: How to get financing and funding
Part four: What are the main characteristics to look in an R&D partner