Picture this: you've followed your dreams and started your own business. The business is doing well, you're offering a high-quality product, and there's a flowing income. Better yet, you're starting to expand by hiring new employees and contractors!
Another school year is ending, and with it comes an abundance of local news reports of students from local high schools presenting business plans to a group of judges. Students, judges, and audiences all participating in a mock version of Shark Tank, the highly popular television show. From the perspective of both educators, parents, and community businesses, this is a win-win for all concerned. Business plan competitions captures an optimism about the community thriving in a hub of local startups.
If you've founded a new and growing business, chances are you can't be a team of one forever. One important skill for entrepreneurs is finding the right people to work alongside you — whether those people are employees, contractors, or agencies. And making a poor choice in selecting people, can be quite costly for a company with limited resources.
Not long ago I received a call from a former student.
He is one of the many students I've work with who has a strong entrepreneurial bent. However, his entrepreneurial bent is often compromised by his desire to satisfy immediate monetary needs where not much risk is involved. In other words, he wanted to have a steady paycheck and was gainfully employed. Either way, his entrepreneurial ways always cropped up. But this time, it got him in trouble