The company culture should be defined, and a code of conduct developed. Early agreement that the success of the venture is the primary focus can help to work through these difficult decisions

Before launching a venture, the entrepreneurial team should ensure its members agree on the vision and then develop a founder’s agreement. The team should identify all operational tasks needed to launch the venture and their associated time requirements and dependencies.

code of conduct — formal statement that provides guidance on how ethical conduct is demonstrated. company culture — shared beliefs, values and assumptions held by people regarding how to behave or conduct themselves within the context of fitting into an organization. success of the venture — the primary focus can help to work through these difficult decisions. Delphi method — group decision-making process that includes a diverse group of people who are located at different locations and willing to respond to a series of questionnaires to assist in….