Business is a team play, i.e., all areas in a business must be properly taken care of. There will be many functions within businesses such as production, operations, marketing, sales, accounting, human resources, logistics, etc. In a small business these functions could be handled by just one person with some services being outsourced. However, each function must work together with one another. If any process is ignored or incomplete, the business will not run smoothly.
Businesses that do not fulfill this technicality, tend to fail, unless changes are quickly made. Even one man shows, such as a fledgling legal practice require an assistant to handle documents, court papers, court appointments, banking transactions, and many more.
The most basic of any start up must at least have a bookkeeper to keep accurate track of all incomes and expenses, failing which the company could within a year, fall into bad times.
If a business start up is based on a single person’s idea and he or she is passionate about his or her idea, and feels it is a viable business to venture into, he or she ought to find some like minded people to talk it over before pursuing the idea. This is for them to discover other factors for which they may not have thought off. It is so easy to ignore possible red flags in one’s desire to start a business. Another person will help, even if he or she is not of the same mindset.
To grow a business, one must build the team carefully. A prerequisite in taking a person in is, he or she must be a team player, willing to listen to other opinions and accept differences. Even if just one person does not pull his or her weight for the team, the business is doomed.
Remember all you budding entrepreneurs, always be on the look out for team members.
Good luck!