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Small Founding Teams Tend to Work Better Than Big Ones

question 146

True/False

Small founding teams tend to work better than big ones when starting a company, and it is quite common for the initial team to consist of just two people: a craftsperson and a salesperson.

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Definitions:

Human Capital

The competencies, insights, and background that an individual or community has, seen from the perspective of their financial or valuable contribution to a corporation.

Soft Cost

Expenses not directly related to physical construction in projects, including legal fees, permits, and architectural services.

Turnover

The rate at which employees leave an organization and are replaced by new personnel over a certain period.

Lost Production

The quantity of goods or services that could have been produced but were not due to disruptions, inefficiencies, or other factors.

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