Board Management Guide
Managing a board of directors can be a huge challenge even for experienced entrepreneurs. What do they expect for an agenda? Who should participate? The preparation that is required to present your story in a concise and accurate fashion can take days of time from you and your team. And just when you get through one meeting, it can feel as though you must start preparing for the next. Many entrepreneurs complain of the endless cycle of preparing for board meetings.
It doesn’t have to be that way. By following a few basic principles and avoiding some of the more
common mistakes, you can make board meetings a positive experience and leverage the valuable experiences of your board members to help you navigate the growth of your business.
Some things to do:
- Do get to know your individual board members. Spend some time with them outside of official meetings and ask them what their expectations are for board meetings.
- Do control the agenda. Enable others to provide input, but structure the agenda to achieve your goals. If the sales pipeline is your primary concern, make sure you have organized your presentation to enable you to cover the issues you want to cover and to agree on a plan.