Author Archives: Dave Berkus

Ever receive worthless advice?

Ever get bad advice? Sure. We all have in our past. Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board?  I’ll bet you have at least … Continue reading

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Should you find a business coach?

Does this resonate with you? The CEO position can be a lonely place, especially when you find yourself in a position of not being able to bring an issue directly to the board and not wanting to explore solutions with … Continue reading

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I’ve been sued as a board member.

I’ve been sued as a board member too many times over the past twenty-five years of board service.  Five times. Does that shock you?  It does me. What’s the exposure? Here are some examples: Entrepreneurs blaming their board for failures … Continue reading

Posted in Protecting the business, Surrounding yourself with talent | 2 Comments

Are you expecting too much from your board?

Expect a board member to give a meeting a month, emails and phone calls between.  Urgent issues require more of all. Of course this is a tricky question. You might expect the answer to be “as much as necessary” or … Continue reading

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How do you pay an early-stage board?

Give one percent equity to each outside board member vesting over two to four years of service. Many early-stage CEOs and board members have asked for some guidance regarding pay and time commitments for board members.  Here is my best … Continue reading

Posted in Surrounding yourself with talent | 1 Comment

No surprises! Good advice for all of us.

First, keep your manager or board informed regularly. Most all leaders new to their position underestimate this time requirement.  It is good for the company when you share concerns, threats and opportunities with your superiors or your board.  The rule … Continue reading

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Take this test to predict your success:

Your success must be based upon data that is solid and sometimes flexible enough to pass several critical tests if it is to guide a business enterprise to greatness.  Here in brief are ten tests for your successful vision.  Try … Continue reading

Posted in Finding your ideal niche, Positioning | 1 Comment

To directors and advisors: “Noses in; fingers OUT!”

Many of us have someone who reports directly to us and who supervises others in return.  Well, this one is for you. And it is one of the most important lessons you can learn as a manager, board member, or … Continue reading

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Are your board members as valuable as you?

Perhaps this is the natural conclusion from the several insights previously explored. While the CEO and management offer the vision, strategies, and tactics as well as the proposed budget, it is the board that controls with its votes the execution … Continue reading

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Should board members be elected “for life?”

No board member should be grandfathered, guaranteed a board seat forever. Practically speaking, this is an impossible goal.  We have investigated the restrictions imposed by investment documents and the obvious need to keep continuity on the board with the retention … Continue reading

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