Laying The Foundation - Module 3 Building the Team Flashcards
What are the three core roles needed in a startup’s early stages?
A domain expert, a product expert, and a business expert.
Why is a domain expert important in a startup?
A domain expert understands the customer and market, helping align the product with customer needs.
What role does a product expert play in a startup?
A product expert is responsible for building and refining the product to meet market demands.
What is the primary responsibility of a business expert in a startup?
A business expert manages resources, operations, and financials to ensure business sustainability.
Why are key early hires important as a startup grows?
Key early hires fill operational gaps in areas like sales, product development, and customer support, supporting growth.
What are the two main leadership styles in startups?
The two main styles are participative (team-driven) and assertive (leader-driven).
How does participative leadership benefit a startup team?
Participative leadership fosters team collaboration, consensus-based decision-making, and collective ownership.
What is assertive leadership and when is it useful?
Assertive leadership is leader-driven, focusing on vision; it’s useful when clear direction and rapid decisions are needed.
Why is establishing credibility important for a startup?
Credibility helps gain trust from customers and investors by demonstrating knowledge, commitment, and early achievements.
What is transition management in a startup?
Transition management involves adapting leadership roles and team dynamics as the startup grows and evolves.
How can a startup team establish early credibility?
Achieving early milestones, providing a strong value proposition, and demonstrating industry knowledge build credibility.
Why is adaptability important in startup leadership?
Adaptability allows leaders to adjust to new challenges and pivot strategies to support business growth.
