by Brand Management Conference - Lugano
Question by xkweek:
How do I assemble a good management team?
I understand that angels and venture capital companies look for a rock solid business plan (idea) and an incredibly
competent management team. What is the first step in assembling your team especially when financially you're very limited? Any advise?
Thank you for your time!
Best answer:
Answer by dWali
Note that there is a difference between leaders and managers. Not all managers are leaders and not all leaders are managers, but both skill sets are vital for any company.
To put the RIGHT management team together, determine what skills you need (This will include eladership and the various aspects of leadership, and then employ the people.)
It seems that you might not have the funds to employ the RIFGT team at this stage, so i would suggest that you target the people that you want, discuss the opportunity with them, and outline their employment IF the venture capitalists provide the capital.
The business plan is MUCH more than an idea. Make sure you have a decent business plan.
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