Vincenzo is the sole owner and manager of a start-up company.As the business grows, he finds it more difficult to fulfil the needs of all the management positions.Although he is the creative genius behind the company, he lacks experience in other areas.At this point, Vincenzo should:

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Hiring a management team with expertise in complementary areas would allow Vincenzo to delegate responsibilities and focus on his strengths as the creative genius behind the company. This would also ensure that the other important areas of the business are being handled by experienced professionals. Seeking the advice of an investment banker or forming an alliance with another start-up company may not address the issue of Vincenzo's lack of experience in other areas of management. Encouraging advisors to take an active role in managing the company may lead to conflicts of interest or potential legal issues as they may not have the proper qualifications or responsibilities as members of a formal management team.

Vincenzo Is the Sole Owner and Manager of a Start-Up