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The Startup Factory - Lizzy Hazeltine

The Startup Factory – Lizzy Hazeltine

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About the Episode

Are you starting to grow your team? Well today’s guests talks about why team building is so important in an early stage business and how to ask behavioral type questions in your interview process. Also, listen to the part of the show when she shares how to build a product that solves a problem instead of building a product that is looking for a problem to solve.

Lizzy Hazeltine is Venture Associate at The Startup Factory.

Show Notes

WhyTeam Building is Important in the Early Stage Business 

More often than not, start-ups fail. This is a fact in the start-up life but many of these failures are not really because there was no market or the product didn’t work. Sometimes, the failure comes from the human side: incentives not being aligned with the company, investor relationships getting nasty because of how a founder behaved, etc. A lot of these link back to ego and what we want other people to think about us as opposed to who we actually are. Self-awareness is the ability to discern the difference between the two. People need to have a certain level of understanding about themselves and how they react to stress and hardship – which is the day to day life of an employee at an entrepreneurial company. Lack of self-awareness will have a tendency to bite the founder in the behind when they can least afford it to so they need to pay attention in building teams.

How to Ask Behavioral Type Questions in Your Interview Process 

In the early stage of your business, you need to ensure culture fit and skill fit and figure out how you can work these into your business. For people who are hiring, you need to get to the idea of behavioral hiring because great people do great things and great people in the same room can do even greater things. During this interview, you get people to get to tell you stories and reveal how they act in different situations. This is a great way for you to discern between people who are just telling you what you want to hear and those who will really perform the way you want them to. Behavioral interview can include open-ended questions, how questions and tell-me-about-a-time questions. The main thing you can do as well during this time is to be quiet and let them talk as people tend to tell you things that they should not be talking about because generally, people are uncomfortable with silence. Silence is a great negotiating tactic as well as a great interviewing tactic.

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