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

Mike Baliman
Mike BalimanNED, Advisory Director & Board Mentor at The Unlisted Board
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
There is one near-ubiqutious mistake that
first-time Founders make with their
Company’s Board...
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...
First-time founders do not take the Board
seriously enough...
Serial entrepreneurs take their Board seriously...
right from the get-go...
They know that the Board can be one of 3 things...
HEAVEN - an Engine of Growth
LIMBO - tedious, non-value-adding
HELL - painful to fatal
Why don't first-time founders know this?
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
But ignorance is not bliss....
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.
What is the antidote...?
The antidote is to know that serial entrepreneurs do
not let someone else design their Board...
In complete contrast to newbie founders they have...
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...
They design their Boards to be Engines of Growth...
To support them in hard times...
To challenge them when they need challenging...
To add expertise and experience where it is lacking...
To increase their and their Company's network...
Great Boards spot dangers lurking over the horizon...
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...?
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
1 of 23

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

  • 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. There is one near-ubiqutious mistake that first-time Founders make with their Company’s Board...
  • 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. First-time founders do not take the Board seriously enough...
  • 5. Serial entrepreneurs take their Board seriously... right from the get-go...
  • 6. They know that the Board can be one of 3 things...
  • 7. HEAVEN - an Engine of Growth LIMBO - tedious, non-value-adding HELL - painful to fatal
  • 8. Why don't first-time founders know this?
  • 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. But ignorance is not bliss....
  • 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. What is the antidote...?
  • 13. The antidote is to know that serial entrepreneurs do not let someone else design their Board...
  • 14. In complete contrast to newbie founders they have...
  • 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. They design their Boards to be Engines of Growth...
  • 17. To support them in hard times...
  • 18. To challenge them when they need challenging...
  • 19. To add expertise and experience where it is lacking...
  • 20. To increase their and their Company's network...
  • 21. Great Boards spot dangers lurking over the horizon...
  • 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. 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