This document discusses building an effective team for a new business venture. It provides tips for entrepreneurs such as understanding your own leadership style, getting to know team members' strengths and roles, providing feedback, acknowledging contributions, and celebrating successes. The homework is to write an elevator pitch in 30 seconds that introduces a problem, solution, customers, and business model.

1. Session 5
Building a Team

2. REVIEW

3. Homework:
• Pair Up
• Pick a Business to Start
• Give it a Name

4. Entrepreneurship is…
the art of turning an
idea into a customer

5. Kevin Koym
• Founder of Tech Ranch
• Practicing entrepreneur
• International influencer

7. Be aware of How
You Work
Be your own boss. Be flexible.
Know who you are as a leader.

8. A leader is one who knows
the way, goes the way, and
shows the way. —John Maxwell

9. Get to Know the
Rest of the Team
Think of your team as puzzle
pieces that can be placed
together in a variety of ways.

10. Clearly Define Roles
& Responsibilities
A team should operate as a mosaic
whose unique strengths and differences
convert into a powerful united force.

11. Be Proactive with
Feedback
Take the time to remind someone of how
and what they can be doing better.
Learn from them. Feedback is two-way
communication.

12. Acknowledge and
Reward
When people are acknowledged,
their work brings them greater
satisfaction and becomes more
purposeful.

14. Always Celebrate
Success
Celebration is a short-lived activity.
Don’t ignore it. Take the time to live in
the moment and remember what
allowed you to cross the finish line.

16. 10 Slide Pitch
• Elevator Pitch
• Problem
• Solution
• Market Size
• Business Model
• Competition
• Marketing Plan
• Team
• Financial Projections
• Needs

17. Elevator Pitch
30 second summary
We solve [problem] by providing
[advantage], to help [target] accomplish
[target’s goal]. We make money by
charging [customers] to get [benefit].

19. Monday
November 10th
4-6 pm
NEXT CLASS
Homework:
• Write your company’s
elevator pitch