by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Founders and New Owners Back To: MANAGEMENT Forming a Business Team (Overview) The business team either refers to the business managers or, in the case of most startups, everyone working on or in the business. In the early stages of a startup, the...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Early Employees & Contractors Back To: MANAGEMENT Founders with Complementary Skill Sets The business team begins with the entrepreneur(s). Earlier lectures in this library introduced the genesis and evaluation of the business idea. In many...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Ownership and Control of Founders Back To: MANAGEMENT Early Employees Later stage employees of the business generally assume the role of salaried employees. At this point, the business produces sufficient revenue (along with equity investment) to...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Slide 3: Problem or Need Statement Back to: ENTREPRENEURSHIP Slide 2: The Business Team I strongly recommend using the second slide to introduce your business team. Investors are curious as to the background, skills, and qualifications of the...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Slide 4: Your Solution Back to: ENTREPRENEURSHIP Slide 3: Problem or Need Now you need to introduce the investor to the problem you are solving. You cannot assume that that the investor will understand the need or consumer demand for your product...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Slide 5: The Market Back to: ENTREPRENEURSHIP Slide 4: Your Solution Once you have laid out the problem (need or want) and how it affects different types of people, you have to tell the investor how you are going to address the issue with your...
