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Category Archives: Surrounding yourself with talent
Use your board’s “golden contacts.”
Boards of directors have a number of important functions, both legal and structural. Boards provide or see to it that there are resources for the company (especially money) to operate. The board selects, monitors, helps, and oversees compensation for the … Continue reading
What to do with a dysfunctional board
It happens. Boards are elected by the shareholders, sometimes with preferred shareholders holding seats by right of their investment. In that instance, often the investor selects the board member and the CEO goes along with the choice, mostly out of … Continue reading
A good board deals with what and why, not how.
Who is responsible for the vision that drives the company? This is arguably the primary job of the CEO, with agreement from the board. Many entrepreneurs after taking outside investment defer to their board for matters of direction that include … Continue reading
Do you always follow the advice of your board?
This may be news, but boards of directors can offer bad advice. A typical board is composed of five persons in a company that has received outside funds from professional investors. Two members usually represent the founders or management, two … Continue reading
Does your team know your playbook?
This one comes straight from football. From experience and from information about the competition, a coach creates a playbook that contains detailed plans for actions or plays that the entire team must know without question and execute without pause in … Continue reading
Swarms, crowd sourcing, and tiger teams. Oh my.
As we grow our businesses, we inevitably run into problems that seem for a time impossible to overcome. Our development team is stumped with a problem; or the marketing organization cannot come up with a theme for the next campaign; … Continue reading
The Virtual Manager: It’s all about your performance.
It is hard to hide incompetence behind appearance or personality when you are a virtual manager. In a virtual environment, people measure you mostly by your actions, and remember only the most recent good work you’ve done for them and … Continue reading
Learn the science – practice the art of negotiation.
From the time we learn to manipulate our parents from the crib to the present day, we learn to negotiate to obtain our wants and needs. As we grow, we negotiate constantly with our parents, then with our peers. As … Continue reading
What about previous company non-competes?
Entrepreneurs tend to remain in the business arena they came from. Some are alumni from companies that would be a competitor to the enterprise being created or joined. And some are former selling shareholders of just those businesses. What is … Continue reading
Time does fly when you’re having fun. Lighten up for maximum lift.
Have you ever noticed how slow time passes when you are in a troubled environment? Conversely, sometimes you look up at the end of a great day and wonder where the time went. Over the years, I have discovered … Continue reading
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