Category Archives: Depending upon others

Are your chairman and CEO the same person?

Here’s one that targets most any company that has taken investments at any stage, as well as more mature companies. Why would you split the positions? More and more today, shareholder organizations recommend that the positions of chairman and president … Continue reading

Posted in Depending upon others, Protecting the business, Surrounding yourself with talent | 6 Comments

So, your board is dysfunctional. What to do?

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

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

Let your board help with “what” and “why” – but rarely “how.”

I am sure you can argue with this one. Sometimes a board member is valuable in teaching the “how” to get things done inside the company.  But experience reinforces the usual fact that a board member telling the CEO or … Continue reading

Posted in Depending upon others, Protecting the business, Surrounding yourself with talent | 1 Comment

Does your board give you good advice?

This may be news, but boards of directors can offer bad advice.  Having served on more than forty boards, I’ve seen such a variety of good and bad advice that my stories could fill a book.  (oh, wait. They have…) … Continue reading

Posted in Depending upon others, Protecting the business, Surrounding yourself with talent | 7 Comments

Where’s your team playbook? Hmm?

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

Posted in Depending upon others, Surrounding yourself with talent | 3 Comments

Can your team overcome messy problems?

Some problems seem impossible to surmount Leaders and teams can be overwhelmed.  We’ve all probably experienced this. Several big problems hit us at once.  Or the system goes down, stranding everyone. Or worse yet, “We’ve been hacked.” Add the twist … Continue reading

Posted in Depending upon others, Surrounding yourself with talent | Leave a comment

Can you name the two most powerful words for business?

Here’s a puzzle where the answer come first. “Help me.” Over the years I have heard many stories from entrepreneurs, students, news reporters, even my children, all telling me that they could not get someone’s attention they wanted or needed until … Continue reading

Posted in Depending upon others, Surrounding yourself with talent | 1 Comment

What’s the minimum information to give your investors?

Every investor wants regular information from companies taking their money.  And most of us investors are frustrated by the lack of regular communication – unless of course – the company needs more money. On the other side, entrepreneurs and CEO’s … Continue reading

Posted in Depending upon others, Raising money | 2 Comments

Once again: Is it the jockey or the horse?

Early stage investors have been arguing over this for years.  Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)?   This is serious stuff.  If you are looking for money, this question will certainly come … Continue reading

Posted in Depending upon others, Ignition! Starting up, Surrounding yourself with talent | 4 Comments

Non-competes, gray areas, and salvaging a failed purchase

Last week we introduced the subject of non-compete agreements.  Let’s dive a little deeper and present some “gray area” scenarios to consider.  Then we’ll address the success or failure of the buyer with your product… First the obvious case in … Continue reading

Posted in Depending upon others, Protecting the business, The liquidity event and beyond | Leave a comment