Use your board to help you to navigate through control over these five resources. If you don’t have a viable, relevant board, build one no matter what your size and stage of development. One thing is usually sure: an entrepreneur cannot successfully do it all alone.
Startup Investor Money Always Comes with Strings
As an Angel investor to startups, I’m still surprised to find entrepreneurs who expect investors to give them money, and then disappear into the sunset. Would you do that if it was your money?
It’s Not an Option Anymore. Why Have an Advisory Board?
If a basketball coach stocks his bench with 7-footers, he’s not giving his team an advantage. He’s leveling the playing field, or the playing court, in this case.
Timing Is Everything: When to Assemble a Board of Directors for Your Business
You may not think your company needs extra oversight, but even a small business can benefit from the guidance and structure a board can provide. As long as your board is made up of the right people, the same will hold true for you.