advantages/disadvantages of founding a company, business homework help

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cnhybyyvatre

Business Finance

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I need a one page single spaced response to these questions, please try to avoid rephrasing the questions in answering them. I need this by 10pm EST! Thanks!

1. What are the advantages/disadvantages of founding a company with your friends? 2. How did the founders identify and entice stakeholders to join their board of advisors? 3. Why did the founders seek a new CEO? Would you do that or would you want to run the business yourself? What was the process they used to select the CEO? 4. How did the role of each founder change as the business grew? 5. How do you maintain the culture when the company is professionalizing with a large top management team?

(Page 233). Entrepreneurship 


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Entrepreneurship Answers
Starting a business with your friend has various advantages. Your friends know and
understand you well and you know them well. Friends establish positive work relationship due to
the quality time and interaction spend together. There is great trust in friends’ investment.
Communication is comfortable between friends and this allows smooth business. Friends share
the same vision and leadership making business easier. Teamwork is prevalent and more friend
time promoting go...


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