Second, investors are interested in the entrepreneurs' judgments on the type of people who should be added to the team as the business evolves. Demands placed upon top management, and critical tasks to be completed, change during the evolution of a venture. For example, technical skills are usually key in the feasibility phase, while skills to recruit and build a selling organization are key in the commercialization phase. Top management must be very adaptable to change, or new and different people may be needed over time. Some entrepreneurs, however, may not adapt or recognize the need to hire and delegate work to other key people.
Business plans contain many important points.
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