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As opposed to entrepreneurship, entrepreneurial thinking is not necessarily bound to entrepreneurs (to be); it is an essential skill for ‘strengthening human capital, employability and competitiveness’ (Bacigalupo et al., Entrepreneurship. 2006) and are more likely to be created by making new and unique combinations (S.
Product and business models are evolutionary by nature, but we see four things a young company must get right: The founding team. Moving forward without a co-founder is risky and moving on with a bad co-founder almost unimaginably costly. It's also important to cultivate a balanced team from the start. The core values.
Not a bad idea, of course. Diversity on your founding team will give you strength. If you're a product guru, maybe you need a business development or sales-oriented leader to get your vision to market. There are bad days, bad moments, bad deals, bad quarters, etc. How do you pick the right person?
Publicly reward junior team members who are doing a great job. It will show that you invite and insist on truth-telling and on hearing bad news. When you hear this kind of answer, consider it a great learning for yourself: something has remained unexplained for the team. No brainer, right? Give them personal attention.
What happened in 2006? And Bill Gates announced he was shifting his priorities from software development to social impact by moving full time to his foundation. And is this kind of rapid growth good news? In the broader U.S. population, two generations made clear that their interests, too, lay in helping society.
The bad news is that Israeli startups are struggling to scale. As a result, tech-sector employment has declined as a percent of the workforce, from 11% in 2006–2008 to 9% in 2013. In the old model of Israeli startups, many Israeli executive teams would hire a vice president of sales in the U.S. That’s the good news.
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