As the founder of a new venture, do you have team-building skills to lead a new venture team? Are there specific factors that are critical to a new venture team as compared to other kinds of teams with other focuses? What are the advantages of starting a business as a team, and what are the drawbacks? In a 3-4 page paper, identify key characteristics of individuals you would select to be members of your new venture management team and how the strengths of the team members would support you in your new venture. How would you reward these team members? How would you as the team leader add value to the team? Use at least two ProQuest Entrepreneurship resources to support your key points.

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Team building skills are very important to the effectiveness of an entrepreneur or a manager. Apart from managers and entrepreneurs, team building skills are also very important to individuals as they make them effective employees. Team building is usually considered successful when a team is in a position to accomplish something big and also work effectively. This is contrary to a group of individual each working on his or her own to achieve a similar objective. For team building to be successful, there are several factors that need to be considered. The first factor is the ability of the team members to make effective use of the diversity in skills …

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