5 Key Positions in Your Start Up and Some Things to Avoid
TOP 5 BLOGS IN 5 YEARS
This month we are celebrating 5 years of publishing weekly blogs on The BAM Review and sending out bi-weekly emails! To celebrate, we are re-posting the TOP 5 most read blogs from the past 5 years for your reading enjoyment.
TOP 5 BLOGS IN 5 YEARS
This month we are celebrating 5 years of publishing weekly blogs on The BAM Review and sending out bi-weekly emails! To celebrate, we are re-posting the TOP 5 most read blogs from the past 5 years for your reading enjoyment.
by Mike Baer
I’ve consulted with a lot of business startups – usually after they’ve stalled or run into trouble. The problem in almost every case I have seen is not funding. It’s people.
Not having the right people around you from Day One is Problem One.
This post will address some of the key things to think about when it comes to your team.
Team Composition
Exactly what you need in term of skills depends largely on the type of business you are starting and the particular impact strategy you’ve chosen. Nevertheless, here are some basic positions you need to have filled – even if you have the same person filling two boxes on the organisational chart or if you outsource.
1. Finance and Accounting
It’s not just about reports. It’s about regulations, tax compliance, and information. Here’s a tip: businesses don’t fail for lack of profit; they fail for lack of cash. Think about that. A finance guy knows what I’m saying. If you don’t, then you need to hire one.
2. Operations
Whatever your product or service someone has to run the day-to-day operations. Planning. Making. Stocking. Shipping. Delivering. Inspecting. Improving. Supply chain. Transportation. A lot goes into running a business.
3. IT
Even if you’re not a technology company (and the odds are you will be) there’s a ton of technology you have to be on top of. Networks. Systems. Hardware. Software. Websites. Lions, tigers and bears…oh my! Read more