Frank Addante Case

4007 WordsMar 9, 201117 Pages
1. Entrepreneurial Motivation Frank Addante got his motivation to work from financing his college life in the first years. He worked on his own, sold and installed car alarms and automatic starters. From this time on he continued to earn money through ad-hoc jobs to make his way through college, but he was always conscious for good ideas, which he could transform into businesses. This chance was given when he installed some high-speed communication lines for an office where two mar-keting companies had their headquarters. When the owners of the two companies were argu-ing about any new ideas, they came up with a “search engine” for the internet. Addante was listening to them and came up with his own interpretation of the “search engine”.…show more content…
To get connected to potential investors Frank Addante developed the motivation to start up his ventures with experienced workers. In addition to raise outside funding easier Addante was able to learn from his more experienced partners. After Addante got a venture veteran he wanted to create something new on his own, with him standing in the first line making important decisions and being responsible for profit or loss. 2. Constructing founding teams As now should be clear why Frank Addante founded all his ventures, it is now interesting to look at the teams and partners with whom he raised the companies. When Frank Addante worked to finance his college life, he sold and installed the products on his own. Because it was only a small business with nearly no administrative action to do, Frank was able to handle it on his own. At his first official venture his partners were two owners of individual but complementary businesses, who wanted to collaborate to implement some new ideas. In this venture Addante did not choose his founding team, he just was at the right place at the right time to participate in the “search engine” project. At this first stage of his career Addante had no experience with business operations like accounting and billing. He had no administrative control and conse-quently he could not make decisions regarding changes in the team structure. This was shown as one of the

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