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What Secret Do Serial Entrepreneurs Know About The Board That First Time Founders Do Not?

What Secret Do Serial Entrepreneurs Know About The Board That First Time Founders Do Not?

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Entrepreneurial Governance is something of a serial-Founder's secret. First-time founders almost always do not know that, *if done well*, the Board can be an essential tool for growing a great business. Done well the Unlisted Board is an Engine of Growth not just some legal, regulatory, box-ticking exercise. Done badly it can be a ball and chain around the ankle or even a gallows that hangs the Founder in the land he created.

Entrepreneurial Governance is something of a serial-Founder's secret. First-time founders almost always do not know that, *if done well*, the Board can be an essential tool for growing a great business. Done well the Unlisted Board is an Engine of Growth not just some legal, regulatory, box-ticking exercise. Done badly it can be a ball and chain around the ankle or even a gallows that hangs the Founder in the land he created.

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What Secret Do Serial Entrepreneurs Know About The Board That First Time Founders Do Not?

  1. 1. WHAT SECRET DO SERIAL ENTREPRENEURS KNOW ABOUT THE BOARD† THAT FIRST TIME FOUNDERS DO NOT? † Legal +/- Advisory - differs country to country - the secret is the same
  2. 2. There is one near-ubiqutious mistake that first-time Founders make with their Company’s Board...
  3. 3. I have hosted >150 founders in the hottest tech sector, >1/2 million downloads in 192 countries... I interviewed over 80 High Growth Company Board Directors for my reference guide on what the Unlisted Board is really like... And so I'm in no doubt about the mistake...
  4. 4. First-time founders do not take the Board seriously enough...
  5. 5. Serial entrepreneurs take their Board seriously... right from the get-go...
  6. 6. They know that the Board can be one of 3 things...
  7. 7. HEAVEN - an Engine of Growth LIMBO - tedious, non-value-adding HELL - painful to fatal
  8. 8. Why don't first-time founders know this?
  9. 9. IGNORANCE - they simply don't know better, or... BIG COMPANY EXPERIENCE - see the Board as “legal”, “bureacratic”, “political”... SUPER-BUSY - prioritise the tactical over the strategic
  10. 10. But ignorance is not bliss....
  11. 11. Jim Rohn “If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much.
  12. 12. What is the antidote...?
  13. 13. The antidote is to know that serial entrepreneurs do not let someone else design their Board...
  14. 14. In complete contrast to newbie founders they have...
  15. 15. Knowledge - they aim for Heaven... SmallCo experience - they know a Great Board can be an Engine of Growth supporting them and their business... And although super-busy and prioritising the tactical they always make time for the strategic...
  16. 16. They design their Boards to be Engines of Growth...
  17. 17. To support them in hard times...
  18. 18. To challenge them when they need challenging...
  19. 19. To add expertise and experience where it is lacking...
  20. 20. To increase their and their Company's network...
  21. 21. Great Boards spot dangers lurking over the horizon...
  22. 22. Summary? A Great Board (and why not?) helps you, the founder, to make something far better, far faster... And what's not to like in that...?
  23. 23. YOUR GUIDE TO REALISING BOARD HEAVEN AND AVOIDING BOARD HELL 14/14 5* reviews on Amazon (October 2020) “Essential reading for business founders with ambitions to grow.” Dan “Genuine practical insight alongside valuable historical context. Excellent work!” Moorad Choudhury “Great reference work with insights from many real world situations.” Julian

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