Category Archives: Surrounding yourself with talent

Board members must protect the coporation before themselves.

All other board functions are secondary. Even venture capitalists who sit on boards where they have significant investments often forget this point.  They write into their investment documents that they will occupy a seat on the board for as long … Continue reading

Posted in General, Surrounding yourself with talent | 3 Comments

Consultants are only as good as the advice you take.

                At one time or another, most all businesses use consultants to fill the gaps in knowledge or to provide guidance for management.  Consultants are good in that you can sample their work with short projects, change to other consultants … Continue reading

Posted in Depending upon others, Surrounding yourself with talent | 2 Comments

Good tax planning is both legal and smart.

When do you cross the line between honesty and dishonesty in tax planning?  Is it ethical to allocate income between periods to take advantage of tax breaks?  Can expenses be put off until the next period to increase income, or … Continue reading

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Accountants “plan-alyze”. Bookkeepers count beans.

This is a distinction we need to repeat on occasion, especially for new CEO’s looking to pay a low wage for advanced financial analysis, whether with an independent contractor or an employee.  Accountants are trained, certified and usually quite experienced … Continue reading

Posted in Depending upon others, Surrounding yourself with talent | 2 Comments

The value of legal advice isn’t measured by a law degree.

                Over the years in business and as a member of over forty boards, I have received good advice from corporate attorneys and on occasion bad advice as well.  There is a line that should be drawn in a relationship … Continue reading

Posted in Depending upon others, Surrounding yourself with talent | 4 Comments

Associate with competitors. Share carefully.

        Many of us belong to industry associations and find ourselves at conferences and trade shows with time to spend with competitors.  Some of these are old friends; some even former associates.  It is natural to want to associate with … Continue reading

Posted in Growth!, Surrounding yourself with talent | 3 Comments

Great relationships are among your most valuable assets.

               As you follow these insights from ignition to liquidity event, you’ll detect a continuing theme, emphasizing the need for deep and wide relationships that the CEO and senior staff can call upon for advice and guidance.  This is the … Continue reading

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Surround yourself with great, sharing advisors.

This insight addresses the establishment and maintenance of an advisory board, a formal group with no legal responsibilities, but one able to be called upon to act as business, industry and scientific advisors to the CEO.  Usually, such an advisory … Continue reading

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An experienced coach has seen your movie before.

               Business coaches come in all sizes and shapes.  You’ll have a relative willing to devote time, a school friend with business experience, professionals who charge for the service, investors with a reason to promote your success and more.                 … Continue reading

Posted in Surrounding yourself with talent | 4 Comments

How do you manage and measure home-based employees?

               Do home-based employees work with the same dedication and productivity as those in office cubicles next to each other?  That depends upon the management as much as the employee.  I have a friend who is a CEO of a … Continue reading

Posted in Depending upon others, Hedging against downturns, Surrounding yourself with talent | 4 Comments