The Right Founders Team People have varying perceptions on the characteristics of a great founder. Additionally, there are different ways to formulate an effective team to start a business or other endeavours. Successful entrepreneur, Steve Blank, rightly indicates that while many pieces have been written on what makes a great founder, not many are written about what makes a great founding team. Blank also argues that there is a difference between the founder, the founding CEO, and the founding team; therefore, understanding their differences will help people build better teams for building successful businesses, organizations, or any other enterprise. The founder is the person with the original idea, insight, problem, or whatever motivation that triggered the response to start a business. Later, in some cases, others who are recruited by the founder to join the cause and share the vision in the capacity as co-founders will formulate the …show more content…
A CEO is especially crucial at the start because having three or four people trying to run a company with equal authority is a recipe for sure disaster. Contrary to popular belief the founder or the one with the original idea may or may not be a part of the founding team simply because having an idea is not having a business. In some instances, persons have business ideas they share with others but do nothing to get their idea off the ground. While the founder may be recognized in some fashion, the listener may take the initiative to start the company with others and not include the originator of the idea in the founding team. For a team of founders to be successful, there are a few basic qualities they should exhibit. Some of these include: • Shared Vision- These people need to be in one accord as it relates to the direction of the business. They should all be passionate about the business and very driven to build