- Successful early-stage business venture management teams are often comprised of the "Three Musketeers": the General Manager (President), the Product/Operations Manager (VP), and the Marketing/Sales Manager (VP).
- More than three people leading the venture and the communication channels start to become fuzzy.
- Less than three people and the workload can be overwhelming.
- The General Manager concentrates on the cash flow, keeping the venture profitable, and stimulating growth.
- The Product/Operations Manager is primarily internally focused on creating solutions that are better than the competition.
- The Marketing/Sales Manager is primarily externally focused on solving customer problems.
- The team is a cohesive entity focused on what is best for the venture and its customers ... one for all, all for one.
- Successful management teams are comprised on individuals who are competent, have complementary skills, and collaborative styles.
- Together the team is purposeful, passionate, and persistent.
- Together the team is focused on earning a profit solving customer problems better than the competition.
How can I put together a good venture team?
Here are some tips to keep in mind as you're building your venture team ...
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