When do start-ups formalise their Boards? Sometimes they are Advisory Boards; sometimes Board of governance. Things to think about: family or friend connections; how the organization will grow; adviser v. de facto Director
Pathways to start-up boards include “find and follow the talent” and “follow the money”
Is it for me? Consider reputational and risk alignment, values and whether you are Pinocchio or Bob the Builder!
Strategic rational – should be more than just “bigger is better” - consider gaps in an organization attributes/strengths/weaknesses and align accordingly. Consider “would our organisation win the business to do what we do if we were doing a tender?”
Plan and ensure you also have the capacity to execute the plan
Do your due diligence – double the costs; halve the benefits and triple the pay back period!
Develop a risk register and monitor it
Be clear about the people side
Have a plan to also maintain business as usual through the process
Consider all alternatives – collaboration, affiliation, federation – any number of structures that can build scale
Is self interest standing in the way of a merger? Including ‘benign self interest’?
Feedback about the speakers:
Excellent work - a wonderful event
the speakers didn't talk down to us
great speakers (this was the comment on quite a few feedback forms)
flowed well from speaker to speaker
frank and honest advice from the 2 speakers - very insightful
great speakers - lots to think about
well chosen speakers - great contrast between start ups and mergers
Inspiring women - wow!
the speakers were brilliants
both speakers were practical and knowledgeable
inspiring and intelligent presenters
great speakers and fantastic topics
fantastic speakers with extensive experience
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Interested in Board KickStarter group coaching program? Let us know here and we’ll make sure you are on the list for the next intake.