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5 - Creating Your Team

Published online by Cambridge University Press:  05 June 2014

Michael B. Timmons
Affiliation:
Cornell University, New York
Rhett L. Weiss
Affiliation:
Cornell University, New York
Daniel P. Loucks
Affiliation:
Cornell University, New York
John R. Callister
Affiliation:
Cornell University, New York
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Summary

Associate yourself with men of good quality if you esteem your own reputation. It is better be alone than in bad company.

George Washington

Entrepreneur’s Diary

I was getting pretty close to starting my fish business; I was concluding some final negotiations to secure the capital I needed to implement the business plan strategy (I needed $500,000). As you get involved in this entrepreneurship arena, you’ll quickly discover that there is a lot of parallel processing going on. You will need to juggle several activities concurrently in order to pull this business launch off successfully. My situation was that I knew I was going to need a general manager (GM) about the same day I broke ground on the fish production building. So, about three months before I thought I needed my GM, I initiated a concerted effort to find a competent GM, who would be my first paid employee. I spread the word through my contact list and a national online site for aquaculture. I also received a call from Dr. Tom Fields, a colleague at a private fish farm near Saratoga Springs, New York, with whom we (Cornell University) had done business with over the years.

Type
Chapter
Information
The Entrepreneurial Engineer
How to Create Value from Ideas
, pp. 121 - 145
Publisher: Cambridge University Press
Print publication year: 2013

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References

Lee, Denis M. S., “Academic Achievement, Task Characteristics, and First Job Performance of Young Engineers,” IEEE Transactions on Engineering Management EM-33, no. 3 (1986): 127–133Google Scholar
Nesheim, John L., The Power of Unfair Advantage (New York: Free Press, 2005)

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