"You need to know what you know and you don't know and how to partner with people with different strengths." -David Cutler (The Savvy Musician)
You will never read a sentence that sums up how to proceed on any new business venture better than that one above. When starting any kind of an arts initiative, don't simply go for the most talented players, dancers, singers, or actors. Read the above sentence until you have it memorized and then go from there.
Trust me. You'll thank Dr. Cutler later if you do.
(This quote was from the fabulous 2013 Savvy Musician In Action Retreat at the University of South Carolina.)