In the early stages of an invention, many inventors work alone. But as soon as external funding is needed, it often helps if the inventor is part of a team. This is because most investors want a fairly rapid return on their investment. They may think this is unlikely to happen if they see you struggling to do everything on your own. You have to prove to them that you have the resources to make things happen quickly and successfully.
In many cases, one or two other people may be enough to form a credible team. But any team must include business skills. These are often missing because all the early focus has been on technology. Technology skills may be important, but for most investors only the business potential of the idea matters.
You can build a team in several ways. For example:
However you build your team, you must be able to convince them that your idea has good commercial potential. If you cannot, you will have little chance of convincing investors!
You should decide how everyone is to be rewarded from future profits, and with appropriate legal advice construct a reward agreement that everyone is happy to sign.
You should also ask every team member to sign a non-disclosure agreement before being allowed access to key information. (An exception may be solicitors, lawyers and patent attorneys, as their professional code of conduct requires them to observe confidentiality.)