There’s something that is slowly eating away at the very fabric of your business. Do you know what it is? One word. Indecision Indecision is quite possibly one of the most destructive forces affecting businesses today. Let’s be clear here – what do we mean by indecision? Well, we’re talking […]
Darren
Why you shouldn’t choose yourself for your board
When building a board, regardless of whether it’s an advisory board or a board of directors, there are certain qualities and skills you should be looking for. Those skills and qualities would change depending on the business’ strategy, where it is in its life-cycle, and probably a few other factors. […]
What’s the difference between being an advisor and being a director?
Being a director The Companies Act of 2008 requires every company to have at least one director. The director(s) have their responsibilities set out in that Act, and they are required to act with due care and skill in a fiduciary capacity for the company. A person can be either […]
Do I need an advisory board?
The bottom line is that nobody has to have an advisory board. You might want to have one though. If you’re an entrepreneur or business leader without a strong management team in place (or any management team at all, for that matter) then you should consider the following questions: Do […]
What is a board of directors?
By law, every company has to have at least one director, but in many cases it is appropriate to have more than one director. Small businesses or startups often start out having just one director. As they grow, they bring in additional talented individuals and advisers who can then become directors […]