Contributed by vencorps
One concept that is the foundation of a successful business is the BODCAT Decision-Making Model or the Talent Triangle. The Talent Triangle is essentially a triangle with three points (Business Acumen, Operations Experience, Domain Knowledge) that represent the “dream team” of people that all successful businesses have as well as having the underlining principles of consultation, trust, and authority.
And in the event that one element out of the three is missing, a company will not be as successful. But at the same time, you don’t need physical three bodies to represent each aspect, but as many Entrepreneurs know, early on, founders can take on multiple roles.
Therefore, when considering the structure and roles of your start-up, it’s always wise to know who you have on your team and if you have a well-rounded team.
Remember, even the best idea can’t succeed without having a solid team!
Contributed by vencorps
VenCorps™ is pioneering a new venture model. The goal is the same—attract, screen, and grow venture investments for high returns—but the approach is profoundly different. The classic model is offline, closed, and managed by a handful of experts. VenCorps™ is an open, collaborative ecosystem, like social networks, wikis, and innovation markets, enabling far more efficient allocation of resources.
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