“If you limit a company by its structure or by the people in the company, you will, by definition, limit the full potential of that business.”
— Michael Dell, founder of Dell
The average early-stage business doesn’t spend a lot of time thinking about management teams and board structures, but instead focuses on carrying out the immediate and necessary task in hand, whatever that may be. As the business begins to grow, however, increased resources will be required. This means that more and more people become involved and a pattern of working emerges. As a result, a rudimentary management process begins to take shape.
In these early stages, natural talents and ...