People - the Critical Element to Building an Effective Management Team

The National Post recently profiled NSB exclusive Sean Wise as he offered poignant insight to small business owners that "People are central to business success".

Wise knows that to have a high-growth, successful business, one needs "acumen, domain knowledge and operational experience," but these elements pale in comparison to people. He has created a four-step program to help small business owners find the right management teams:

1. Know your own weaknesses
2. Build a board of directors/advisors regardless of the size of the business
3. Find people who are better than you in the areas where you are weakest
4. Undertake the three-part Rabbinic test of partnership: the cup, the sword and the wallet.

He's not just talking the talk when it comes to hiring good management: Sean says he personally bases a whopping 80 percent of his investment decisions on "the quality of management".

Read the full National Post article How to build an effective management team.

Help your business grow by booking venture capitalist Sean Wise for your next event, exclusively through the National Speakers Bureau!

Categories : Business/Finance/Economy, Advice