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Just to be sure, what exactly is a management risk? Risk due to founders being naive about business strategies and its complexities?
by tuhin 16y ago
Just to be sure, what exactly is a management risk?
Risk due to founders being naive about business strategies and its complexities?
- triviatise 16y agoNot just about business strategies but how to run a company. How the pieces like marketing, finance, sales, operations etc play together. How to create a functioning and lasting business culture. For example, when we started we had turnover of close to 100% because my partner loved to win. He viewed every hiring negotiation as a challenge to win which started the employee relationship off very badly. Initially maybe you recruit from friends, but how do you create a recruiting process that can feed the engine? How do you price your products so that you have enough gross margin to cover overhead, what is accrual accounting, when do you hire people if you are growing through cashflow etc.