Emphasis of the Teamwork in Manufacturing Start-Up Enterprises

Abstract:

The aim of the study is to find out the most important risks related to manufacturing start-up enterprises, organizational issues, prior goals and expected results of start-up enterprises, surveying 55 entrepreneurs from fifteen Business Incubators of Investment and Development Agency of Latvia in the manufacturing branch. The research results indicated that the lack of own team is one of the dominant start-up manufacturing enterprises’ work risks. Comparative analysis of data showed that mostly the entrepreneurs, who have started development of their business idea individually and whose enterprise’s work is basically based on a single decision making, have encountered the issue. At the same time, inconsistent results were found regarding the fact that the efficient team formation as a priority is indicated only in 20% start-up enterprise managers and attracting of new employees is not a prior goal for managers who lack own work team in start-up company.