4 Ways To Build a Team With No Money

For any business owner or entrepreneur building a team can be one of the most challenging things we have to do when we first start. Whether it’s a start-up or a venture that you were doing alone. Building the right team can make or break your business. This process can be quite daunting especially if don’t have the resources to pay employees or freelancers.

Behind every successful business is an amazing team. Founders and CEOs often receive all the glory, but if you look closely, there is always a team behind them that made success possible. Many times, we only hear about the “Boss”. but Steve Jobs had Steve Wozniak and Mike Markulla. Bill Gates had Paul Allen and Gordon Letwin. Mark Zuckerberg had Dustin Moskovitz, Eduardo Saverin and Sean Parker. There’s no question that these billionaires are brilliant, but their team played a huge part in their success.

Here are four ways to build a team, even if you have NO MONEY to pay employees or freelancers.

  1. Build a team that fits your needs – Finding people who have skills that can provide value to your business. Finding people who have skills in areas that might not be your strong point. For example, let’s say you aren’t the most tech-savvy person. Therefore, finding a team member who has those technical skills is vital to making sure your business has an online presence.

 

  1. Exchange services – This can be so important especially when you’re bootstrapping a start-up company and don’t have the resources to hire staff. This “barter” system can make huge difference in getting your business to the next level. For example, you may be starting an accounting business, and you need a logo and some nice graphics to post on social media. You can exchange your account skills to help a graphic designer who may need help with his or her business plan or taxes for their business.

 

  1. Recruit family, friends and current/former colleagues – Simply put sometimes we have no choice, but to ask the people we know. As a wise woman once told me “be nice and cordial to everyone even people you don’t like… you never know who you might need a favor from in the future.” Asking the people, we have a personal relationship can help to grow our business especially while we’re still in the start-up phase.

 

  1. Find people who believe in you – With in any business there should be a plan in place and a vision of where the business is working towards. Therefore, if you’re looking for people to join your team, and you cannot offer monetary compensation. You have to make them believe in whatever your vision is. A mentor of mine once told me “You cannot consider yourself a leader unless someone actually follows you.” Although convince someone to join your team in the beginning can difficult it is not impossible. I’ll explain a couple of methods you can find people to join your team.
  • Look for interns, hiring interns sounds like a great and inexpensive way to build your team. However, always remember when hiring interns, you must highlight “What’s in it for me” (WIIFM). After all, having doing nothing but mindless data entry for a potentially defunct startup will be worthless on a resume a year from now. Your job description needs to sell the potential candidate, that will not only work for a great company, but they will actually learn something that can help them in their future career endeavors.

 

  • LinkedIn can be a great resource for any entrepreneur looking to make great connections and also a great place to find and recruit a team. There are over 450 million users on LinkedIn so there are plenty of people you can reach out to potential join your team.

Final Thoughts

In the end, if you don’t have a lot of resources building a team can be difficult. However, not impossible if you truly believe in your business and have the fortitude to not give up when you face obstacles throughout your entrepreneurial journey.  What you may lack in resources or money you can replace with determination and the unwavering vision for your business. A lack of resources is no excuse for a lack of success. What you really need is resourcefulness and the ability to inspire others to join you in your mission.

What methods or steps did you take to build your team? Comment below and if you liked this article please share!

For all inquires, business questions or to setup a session click here and fill out the contact information. Check out my Ask Jay series where I answered questions from relationships, blogging, business and more!

Stay Connected with Jay Colby

Facebook Page: Jay Colby 

Instagram: Jay Colby

PodcastThe Jay Colby Show

Copyright ©2017 Jay Colby All Rights Reserved.

Advertisements

About Jay Colby

Some would categorize me as an entrepreneur, life coach, son, friend and all of the above. I’m just another person trying to find my way in this world. Until recently, I was unsure what my path in this life would consist of. Like many others I was between I know what I want to do but not sure if that’s what I’m supposed to do. I am currently finishing my degree in something that has nothing to do with becoming a writer or entrepreneur so automatically it qualifies me to become one right! Follow me as I go through this journey called life to impact and encourage one person at a time.
This entry was posted in Blogging, Business, Entrepreneur and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

5 Responses to 4 Ways To Build a Team With No Money

  1. Ayesha Patel says:

    Hi Jay, definitely a priceless piece of information for me as an aspiring entrepreneur. I have just started building my team and will certainly be using the ways mentioned above to build a successful one. Thank you! www,dpevirtualassistant.com

    Liked by 1 person

  2. Grace says:

    i like how you included multiple ways to build a team without using money. It gives hope that people can do anything even if they don’t have a lot of money

    Liked by 1 person

  3. jfwknifton says:

    As always, lots of excellent, practical help.

    Liked by 1 person

  4. jayfindling says:

    I enjoy reading through your article.

    Liked by 1 person

  5. Ira Hair says:

    Great information here. The main takeaway I got was to use your network to your advantage, no one is self made. I appreciate your insight, keep up the good work. You never know who you’re inspiring!

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s