How much should a start up spend on team building?

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My answer to How much should a start up spend on team building?

Answer by Ken Larson:

Employee salary is a poor metric for team building. There are two types of team building:

  1. Internal – Focused on projects (either customer or process driven) Example:

Vital Tips for Project Management in Small Business Federal Government Contracti

2. External – Relationships with industry partners. Example:

SMALL BUSINESS TEAMING IN GOVERNMENT CONTRACTING

Design your internal and external teaming processes, then cost them. You project-oriented teaming costs can be billed to the customer. The process driven internal teaming costs are front end loaded for development and require maintenance. Both are overhead expenses. External teaming costs are marketing driven and usually carried in overhead. They include relationship development with industry partners, generating agreements, mutual marketing related expenses and similar costs.

Consider the scope of your team building, cost it and budget it – then execute.

How much should a start up spend on team building?

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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