I truly enjoyed reading this week’s topic, as I learned that one of the biggest responsibilities a founder has is recognizing that they cannot build a successful company by themselves. In the beginning, it is easy for founders to fall into the mindset of “I can do everything myself because it is my business.” As the founder, they may think that because they came up with the company’s idea, they know best how to build and sustain the business’s growth. However, this is not the case; that mindset can become a problem as the founder has to learn to build a team whose members can contribute skills and perspectives that the founder may not have.
The concept of the “Me Incorporated” syndrome arises when a business becomes overly centered on its founder. I can understand why this happens, especially when someone has put so much time, money, and personal effort into starting a company. The founder may feel like they need to be involved in every decision because they believe they know the business better than anyone else.
In How to Hire A-Players, Herrenkohl emphasizes the importance of founders and leaders actively seeking talented people rather than treating hiring as something that only happens when a position needs to be filled. This is especially important for startups because the first employees can have a major influence on the company’s culture and how the rest of the employees continue to work. Founders should not just hire people who agree with them or people they personally like. They should look for people who bring valuable skills, different perspectives, and the ability to take responsibility.
At the same time, founders have to be willing to give up some control. Which we had previously read about in The Founders’ Dilemmas, that is one of the hardest parts of growing a business. Research on entrepreneurial team formation shows that successful founding teams often involve people with different knowledge and skills rather than simply people who are similar to one another. This means the founder’s job is not to create a team of people who are just like them, but to create a team that fills gaps and strengthens the overall business.
In conclusion, a founder’s role in building a team is more than just hiring employees. The founder is responsible for establishing the vision, identifying the company’s needs, finding the right people, and eventually trusting them to do their jobs. A good founder should want the company to succeed, even if that means they are no longer the one making every single decision. To me, that is the opposite of the “Me Incorporated” mindset because the focus shifts from “What can I do?” to “What can we accomplish together?”
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