Team
From Entrepedia: The Entrepreneurship Wiki
If you are setting off on an entrepreneurial venture and setting up a new business, a solid, reliable team will be crucial for success. You will need to know that your entire team – including you – is stable and responsible, and it is important to remember that the term 'team' does not just refer to the colleagues that you are working with. You also need to be able to manage your team properly; this may involve looking into some team management software.
Personal Development
Don't forget that you yourself are an important part of the team, and your personal development will effect your performance within the team. You need to know how to manage your own stress levels and ensure that you can leave your personal life issues behind you if you are going to be able to function properly within your team.
Leadership
Taking on a leadership role is an incredibly challenging responsibility, so you should become familiar with crucial leadership qualities and techniques. You should be able to stay positive while still maintaining a clear sense of where the rest of your team is coming from; don't lose sight of their perspective or you will lose their respect.
Mentors
Finding a good mentor will have a large impact on your business idea in a variety of ways. Your mentor can provide experience, a different perspective, and sometimes the harsh criticism that your enterprise needs in order to succeed. Developing the right kind of relationship with the right mentor is therefore a crucial process.
Human Resources
Depending on the structure and nature of your business, you may find yourself looking for additional staff in a relatively early stage of your business development. Recruiting and hiring staff, and managing them properly with the necessary degree of support can present a whole new set of problems.
Team Management
If you are able to manage your personnel and systems efficiently, your team will run more smoothly as a result, but team management is more than that. Your team is a key factor of your success as an entrepreneur, and you will need to ensure that you are familiar with the appropriate forms of communication, discipline, and sometimes even dismissal procedures involved in managing your team properly.
