Published: November, 2021
Every year, untold numbers of businesses are launched across the United States, and the unfortunate truth is that most of them will fail.
Why is it that some businesses thrive and grow, while most close up shop within a few years?
There are many factors, including access to capital, understanding one’s marketplace, an ability to innovate, and—not to be underestimated—some good old-fashioned luck. But there is one factor that nearly all business owners can control that may directly determine long-term business success: hiring the right people, and coalescing them into a successful and powerful team.
Many companies, including some of the biggest tech titans like Facebook or Google, have humble beginnings. Things usually start with a tight-knit core group that shares the same passion and drive.
Then, after a few years of hard work, elbow grease, and some good luck, that familial team can balloon into an army. And while this is usually the hallmark of success, it also presents a whole new set of challenges to those leading teams within these high-growth organizations.
As a business grows, the founders will be adding more people to the team and begin to organize those people to ensure that the company is successful.
With your company expanding at a rapid pace, you can no longer employ the same management tactics you used when your entire team could share a single pizza.
You must understand how to organize a team effectively!
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Founder & CEO, Entrepreneurial Mind LLC
Growing up, entrepreneurship and small business was normal dinner time conversation at the Cornwall household. This set the stage for a decades-long career pursuing entrepreneurial ventures and sharing his knowledge in the classroom. He has spent more than forty years as a serial entrepreneur. In the 1970’s he started several small businesses and was involved in various family ventures. In the late 1980’s, following several years in academics, Dr. Cornwall co-founded Atlantic Behavioral Health Systems in Raleigh, NC and spent nearly a decade leading the company as President/CEO. After growing to more than 300 employees, he and his partners sold most of their healthcare holdings. After the sale, Dr. Cornwall decided it was time to return to the classroom to share his experience and knowledge with aspiring entrepreneurs.
In his academic career, Dr. Cornwall received national awards for his work in curriculum development and teaching. In 2013 the United States Association of Small Business and Entrepreneurship named Dr. Cornwall the National Entrepreneurship Educator of the Year. Currently, Dr. Cornwall is the inaugural recipient of the Jack C. Massey Chair in Entrepreneurship and Professor of Entrepreneurship at Belmont University in Nashville, TN. He also was the founding Director of the Center for Entrepreneurship at Belmont and led the center during the first ten years of its operation during which it was ranked among the best programs in the country.
Dr. Cornwall’s blog, which launched in 2003, is among the most popular blogs focusing on small business and entrepreneurship. It was named One of the 100 Best Websites for Entrepreneurs by Forbes magazine. His writing has been quoted in Wall Street Journal, Entrepreneur, Inc, Forbes, and US News and World Report.
Entrepreneurial Mind, LLC is a digital educational content company specializing in Entrepreneurship and Small Business Management. Our catalog includes twenty-one video courses (nineteen for adult learners, one for youth learners, and one for Spanish speaking learners) related to starting, managing, and growing businesses of all types across all industries. These courses can be bundled together as modules into more comprehensive certification programs to meet the needs of your learners. Total runtime for each individual course is 1- 3 hours, broken down into 3-12 minute lessons.
Mar 29th, 2022
Amazing instructor and content. The best I've seen so far on this website!