ENT 526 Lecture Notes - Lecture 7: Ob River, Profit Sharing, Rank

• School: Ryerson University
• Department: Entrepreneurship and Strategy
• Course: ENT 526
• Professor: Agostino Menna

Document Summary

You need a co-founder audiences like it when there are two people. Starting a business is hard and stressful so to bounce that off of someone else is helpful. It is stressful (cid:449)he(cid:374) you are usi(cid:374)g other people"s (cid:373)o(cid:374)ey. An integrated process which focuses on attracting, developing, deploying, and retaining the best people and the other hrm value chain functions. It"s a(cid:271)out ha(cid:448)i(cid:374)g the right people, right abilities, right place, and right time. Reason number 3 of why start-ups fail is not having the right team. The venture team: advisory board, key employees, board of directors, management team, lawyer, accountant. Your vision for what you want your company to be determines what sort of team you need to build. A sustainable small business might combine functions. A scalable start-up might add functions as it matures. The entrepreneur determines the kind of company, and the kind of company determines the kind of team!