Hiring the right top team is absolutely critical for any entrepreneurial company focused on growing its business. Given the time and resources that a company needs to invest in hiring and training new talent, making a wrong decision can be very costly and disruptive.

Though most university-level entrepreneurship programs have some basic features in common, there is so much variation it's hard to identify a typical curriculum, let alone an exemplary one. While diversity is good, this field needs more of the consistency in core concepts found in other academic fields.

Creating effective sales compensation plans is part art and part science. One size doesn't fit all, but should emerge from a disciplined process and lots of dialogue between management and the sales team.