When companies are just starting, they need additional support from their board of directors. Astute entrepreneurs understand the advantages of building rapport with board members early on.
Startups need every advantage they can get. Adding high-energy, positive people to the team creates a healthy and productive organization.
Failures do not mean the demise of an organization. In fact, they are a key component of business success.
In the beginning, your shareholders specifically choose your organization because they buy into your vision. To make them feel a part of the process, it is essential to develop a communication strategy.
It may be surprising to know, but all organizations, from startups to mature ones, have problems that require fixing. The solution lies in identifying the broken issues and determining the prioritization of which to address.
We know that too much of a good thing can be dangerous, but did you realize that the same adage applies to our biggest strengths?
Since risks cannot be driven to zero, companies must determine the amount of money they are willing to spend and how much risk they want to accept. Discover some of the ways to track risk so that you make an informed decision.
Sometimes, we meet incredible people who make a lasting impact on our lives. Tom Albright was an entrepreneur whose stories impacted my students and me profoundly.
A simple pie model can be used to describe the trade-offs of protecting ownership share versus growing the program.