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Building The ‘A’ Team
1. Why you need an ‘A’ Team2. The Initial Team - Finding Co-founders3. Scaling up - Recruiting Employees4. Building Systems & Processes5. Training & Employee Development6. Motivating and Retaining Good People
Product Mis-timed
Ignore Cuostomers
Poor Marketing
Need/Lack Busines Model
Poor Product
Pricing/Cost Issues
Get Outcompeted
Not the Right Team
Ran out of Cash
No Market Need
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Top 10 Reasons why Startups Fail
What to Look for Complementary skill sets Should share the passion and long term vision
How to find Your best friend, or a family member? Attend startup events, college/university entrepreneur activities Online - Cofounders Lab / LinkedIn
What to look for in a candidateAttitude & Culture FitPotentialSkill Set
How to attract right talent Sell your vision during interview Spend efforts on building a brand
Some must-have things Employee Policy Agreements / Legal & IPR Protection Performance Appraisal System System for maintaining - Attendance /Leaves /Employee Records Give Flexibility within the boundary of systems
How to do Analyse Training Need of each employee Plan on how to fulfil the need – In-house / external / online Set specific hours for training
What makes employees motivated? Recognition Feedback Happiness Personal Growth Satisfaction Relationship With Managers Company Alignment