Build Team Charter

SEE ATTACHMENT FOR FULL DETAILS….Please, pay close attention to requirements

Requires a minimum of 3 peer-reviewed research resources
Use of headings is required

The assignment is for a team of 4, but with no support, am doing the best I can.  Some items will just need to be left blank where I can fill in later. 

Scenario:
A group of angel investors has chosen you and several other entrepreneurial candidates to start and operate a virtual business. The angel investors will own 40% of the business and will hold three out of five permanent seats on the board of directors of your virtual business. Welcome to the team!

One unique competitive advantage of your company is that it is a virtual business and your team will work together remotely. The group of angel investors will provide $100,000 in funding to start your virtual business. Therefore, you are now a member of a virtual team of individuals that must efficiently work together on the development of a viable virtual business concept. In Unit 6, you will be expected to present a strategic business plan to the angel investors for approval.

It is essential that all members of your virtual team work together to become a highly productive and professional collective of experts. Working in a virtual team environment is extremely challenging due to distance and time constraints, so it is vital that all team members spend ample time working together to build this virtual business. To start the process of building this virtual business, you must first get to know your virtual team. Use the following criteria to start building a virtual team charter, which is an important part of the strategic business planning process for a new business venture.