Hiring A team

While hiring a team, which one of the following categories should entrepreneurs avoid during the early days of the venture?

• Full-time employees

• Freelancers

• Interns

• Contractual employees

Sruthilaya likes to run her business the way she thinks is best. She takes her business decisions herself and delegates the action items to the team. Which leadership style does she portray?

• Democratic

• Autocratic

• Laissez Faire

• Monocratic

Fareed has started looking out for a co-founder for his restaurant business. What are the guiding principles to make such a relationship work and contribute toward a successful venture?

• Make sure that the co-founder is aware of the company’s vision and believes in it.

• Make sure that the founder and the co-founder trust and confide in each other.

• Make sure that the co-founder invests a pre-determined amount upfront.

• Make sure that the co-founder is a B-school graduate.

As an entrepreneur, which of the following is the first thing you need to think through while hiring a co-founder?

• Understanding the formalities to be completed

• Knowing why you need a co-founder

• Creating a profile of the a co-founder

• Figuring out how to find someone who fits the profile

Why is Shared leadership most suitable for entrepreneurial ventures?

• Team members treat the venture as their own and work in its best interest

• Investors feel more positively towards contributing in a venture where the team appears to be connected and together

• Shared Leadership strategy ensures that the founder has someone else to blame in case the venture fails

• Shared Leadership strategy ensures that all team members make equal financial contribution to run the venture, thus lessening the burden on the founder

Sangeetha believes that her team is capable of taking the right decisions, and she doesn’t interfere in any decision-making process. What is this style of leadership called?

• Shared

• Autocratic

• Laissez-faire

• Facilitative

Divya is looking to expand her content solutions firm that specializes in writing white papers, editing articles, and proof-reading books.

Divya wants to add some team members. What steps should she take? Select the correct sequence of steps.

• Create a job description >> Identify the roles to hire >> Interview shortlisted candidates >> Onboard selected candidates

• Identify the roles >> Create a job description >> Interview shortlisted candidates >> Onboard selected candidates

• Identify the roles >> Create a job description >> Interview shortlisted candidates >> Explore if one candidate can do multiple roles >> Onboard candidates

• Identify the roles >> Verify that hiring these roles is essential >> Create a job description >> Explore if one candidate can do multiple roles >> Interview and onboard selected candidates

In Manikandans’s restaurant, his mother is the head chef and has only one assistant. Lately, his customers have started complaining about the restaurant’s unhygienic condition and long waiting time. Customer footfall has started dropping.

What should Manikandan do now?

• Hire a cleaning boy

• Hire a manager

• Hire a waiter

• Hire an accountant

Abdul Aleem shortlists two candidates for his online jewelry portal business. While Praveen is an expert at managing portals, he has limited knowledge in the jewelry space. Gokul has a fair knowledge of portals but isn’t an expert and shows great enthusiasm for Abdul Aleem’s innovative designs and even shares some ideas on how to take her venture to the next level. Who should Abdul Aleem choose?

• Abdul Aleem should hire Praveen as he is an expert in the required domain.

• Abdul Aleem should hire Gokul as even if he is not an expert in the required domain, he shows enthusiasm for Abdul's venture.

• Hire both.