4th August 2017
- Have a clear vision for your project. You will have to pitch your project not just to investors but also to individuals who wish to join your team. To be able to convince them of your idea and give them a clear picture, you need to be clear in your mind about the idea, the vision, and the end goal of your project.
- Be ready to pay for worthy talent. Although you may be running low on funds, do not hesitate to pay talented people who wish to join your team. Monetary compensation can be a major motivator in making people stay and work hard. You can also choose to help your teammates financially if you do not wish to directly pay them for the work on your project.
- Be realistic about your resources. Do not over-spend on resources that are not essential to your project. Avoid projecting a picture of abundance to your team if it is not the truth. False pretenses can be difficult to keep up and will eventually distract you from your project and drain your resources.
- Limit the number of people you bring on your team. Plan well so that you know exactly what kind of people you need on your team to make your project a success. This will help you keep the number of people down to a minimum and optimize the work they do.