How to Build a Business from Scratch

Learning how to build a business can be overwhelming and daunting when you think about it but in reality, it’s a lot more streamlined and simple than one might think. In this article, we will cover two different versions appealing to two different sets of personalities:

Those who want the fastest results – and – those who want to do things by the book.

Now, you’ll hear us say this a lot: We are not experts. We are simply a team of individuals looking to make your life a helluva lot easier. We’ll do this by researching for you, so you don’t have to. That being said, let’s dive in.

Whether you’re looking to create the next big app or wish to start a charity, you can follow this guide to facilitate that process. Please choose the section that best represents your personality:

I want to do this quickly!
Let’s take it one step at a time.

As always if you have any questions, comments or suggestions, please leave them below!

How to Build Your Startup Team

If you are looking for the best advice on how to build your startup team, you’ve landed at the right place.

The foundation of every successful business is a solid, well-formed team. The resources for finding teams are so vast and cumbersome. Our objective here is to help you understand the aspects of finding a good starting place and then what to look for when vetting candidates.

When searching for a team, it’s “fishing in the right lakes.” For example, you might go to Cofounderslab to find a founder or advisor for your team but you wouldn’t go to TopTal necessarily looking for a cofounder.

Map it out

Take some time to really think what talents you’re missing in your skill set. Write these talents out on a whiteboard or piece of paper. From there, you can start grouping things together. Are you lacking in finances and web development? Well then you can use WaveApps to assist with your accounting and check out Upwork for freelancers. Or are you looking for a shared responsibility, for some help to run your company from someone who is technologically more advanced than you? Well then, maybe a Technical Co-founder is right for you.

Structure your team

A good bridge will be able to withstand all the weight vehicles put on it when it first opens up. A bad bridge will collapse. It is important to build a solid team structure before you start hiring a bunch of people. Where is payroll being tracked? Where are you managing schedules? … etc.

What to look for in a co-founder

Co-founder relationships are quite similar to marriages. You both need to “click” in order for there to be good chemistry. Aside from that, GREAT – not good – communication is key. You both should have an open line of communication with each other. You shouldn’t have to dance around topics because you feel the other person “can’t take it.” This will lead to imminent disaster. Then every other quality trait of an employee should be considered.

Are they trustworthy?

Do they have a good track record?

How will they improve your business?

What to look for in a freelancer

Freelancer personalities vary region-to-region and it’s generally very hard to find a loyal, committed, and trustworthy employee on the cheap. This isn’t because there is a low number of them. It’s because the systems that are designed to link us with these people around the world aren’t foolproof. They have a lot of issues and it’s up to the business owners to know the ins and outs to compensate for these issues. Your first step is going to be quality job posting. When posting on sites like Upwork, you can easily get 30 applicants overnight. We recommend using question qualifiers (screening questions). One of our favorites is:

If you were given a task and know of a better way to complete it, how do you proceed?

This is a great, concise question because it accomplishes two things. First, does the person understand English enough to comprehend what we’re really asking here? Second, if you are looking for a specific answer when you read this, it will align your applicants with your values.

Once you start vetting candidates, you can easily skip over people who ignored the question, answered it incorrectly due to language barriers, or didn’t answer the “right way.” Now you’ll be down to your 10%. From there, it is a matter of communicating your idea to them and seeing how they would contribute. You can use the previous questions here as you chat or talk with them.

We hope you found this article helpful. As always if you have any questions, comments or suggestions, please leave them below!

Free Productivity Hacks & Management Course

A lot of people write about productivity, time-management or financial freedom but they always seem to under-deliver. They are usually too broad, have weak content or simply don’t resonate with their readers’ needs.

Whether you’re a stay-at-home parent with a ton of responsibilities or a quickly-developing entrepreneur, people are always saying that there’s not enough time in a day. Wouldn’t it be something if you could find a way to create more time in your day? By renegotiating all of your priorities, you will be able to achieve a high-level of productivity in everything that you do. It doesn’t matter if you think “I’ve tried all the organizers and structure systems throughout the years and nothing works.”

Most people just have too much going on to sit down and plan their day. Through this system, you will be able to achieve a state of relaxed control and if you follow the steps exactly, you can progress from having so much on your plate to being able to control your life and where it goes too. In addition to productivity and time-management we’ll also teach you about marketing, leadership and even how to make money using proven techniques in specific industries that still work today.

What are the requirements?

  • It would be helpful to download Evernote for your computer and mobile device
  • iTalk for your iPhone or similar for Android
  • Inbox by Google
  • 30/30 Mobile app
  • Pomodoro Mobile App

What am I going to get from this course?

  • Over 2 Hours of Content within 20 Lectures
  • Achieve high-level productivity
  • Manage your time
  • Live freely
  • Understand money
  • Discover investing
  • Learn to make money work for you
  • Achieve financial freedom

Who is the target audience?

  • This course is meant for people who believe in going against the grain, who don’t believe in the social norm of the “9-5” and those who want to work less and live more. You shouldn’t take this course if you feel you have enough time and enough money or if you’re Elon Musk.

File Organization & Naming Conventions

File organization is not everyone’s forte. In fact, it’s not in everyone’s nature to be organized. Most computers that I come across have a disarray of files, folders and intermixed personal files that hinder productivity in a number of ways.

Why do I need to invest time in organizing my company files?

Building a solid system that your team can easily access promotes efficiency and productivity. Any time an employee asks for a file that you know is in a folder somewhere, you’re missing that opportunity to facilitate that employee’s workflow. Here’s an example: You have a designer and a developer that work for you in a remote environment. The designer places his files on your server in a folder called “Design” and the developer is given access to this folder as well. Anytime the developer needs a design, rather than asking the designer for it, he can simply access the Design folder and check for it himself.

What does file organization look like for my company?

Everyone’s company is different but at the heart of it are the same basic folder structures give or take a couple departments. We’ve taken the liberty of investigating the wide spectrum of folder structures that exist on the web and bringing you a consolidated “best of” view at what we felt is most important, regardless of your industry.

You can access those folders here: Folder Structure – Template – Invenst Labs

File Naming Conventions

The next best type of organization for your company is file naming, nomenclature or conventions. There’s no right way to do this and it’s best to take some time to analyze what’s important about your company and narrow down naming conventions from there.

Anyway, we’ve provided our personal file naming conventions for you to use, FOR FREE. Because that’s how we do.

Here’s a link to download them:

File Naming Conventions

Have a Suggestion?

We love hearing from our fans! If you have a suggestion on how your company organizes their files and folders, give us a shout in the comments below!

Welcome to the Invenst Forum Community – Beta!

This Invenst Forum Community site was started as a means of helping people to succeed in their endeavors. We are slowly building a brand solely based on providing a service to people with ideas that may not have the money or the resources to turn them into anything viable. Our purpose is to provide a community of individuals that are generous with their advice and further along the progress of your venture.

Here at Invenst.Team, we are interested in seeing what types of ideas you all come up with and how we can help guide you in the right direction. For those of you who are a little further along, maybe already incorporated, or even profiting, we extend to you our knowledge of business and marketing.

Why would we do this? Our mission is to not only provide you with a free service but to have you coming out of the other end feeling like you weren’t taken advantage of. There’s too many companies nowadays that “bank” on your lack of knowledge. They offer solutions for you to succeed but you have to dish out the cash first. We know firsthand how hard it is starting a company and that’s why we’ve created this one. We want to offer you FREE help, no strings attached.