Funders want to know more than just who the CEO is. They need to know that, if something happens to you, your team will be able to continue running your business, and that they will be able to do that as well as you can. This is the reason why selecting staff, from key personnel to directors, must be made for the good of the company, that is, by emphasizing on their qualifications, experience, skills, and their reputation.
Building Your Team
Every entrepreneur must learn to delegate, identify what tasks need to be done, and assign these to personnel. Almost every new business today uses consultants for the complex areas of research, law, audit, taxes, and insurance.
Most capital providers will place ...