Apps to Grow Your Business

19: Ed Molyneux on building the FreeAgent app and team

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Synopsis

Ed Molyneux is the founder and CEO of FreeAgent, small business accounting software. The story of how he built the first version of FreeAgent speaks to a recurring theme with entrepreneurs: solving your own problem first. [00:02:47] Lessons from 11 years as a Harrier Jet pilot Ed made it very clear that to be successful as a pilot or entrepreneur you need to be able to rely on a great team. It’s this team that will ultimately determine if your mission as a pilot or business is successful. “The excitement that you get from being part of a really effective team isn’t that dissimilar to those days [as a Harrier pilot].” [00:07:49] Building a team Since putting together a team is not easy, especially when you’re a startup, I asked Ed for some advice on how to choose the right people. “You recognize the gaps in your abilities and you hire people who can do the things, and are excited about doing the things that you just can’t do.” [00:10:53] Bridging th