Building a Company Growing and Organizing Your Team

Learning Objectives

• How to determine the right structure for the people who work in a business?
• What are the various types of senior team members needed in growing companies?
• What is the proper approach to hiring team members and various options for compensating the team?
• How to best use consultants and boards to supplement the leadership team is explained?

Course Description

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!

Overview

• Delegation of authority

  9 mins
• Building the right team

  20 mins
• Role of a controller

  36 mins
• Example: Building a staffing plan

  57 mins
• Compensation beyond salary

  83 mins
• Types of boards

  98 mins