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Imagine showing up a board meeting where there is no agenda. What are the topics of consideration? What will the members be voting on? How many items will be discussed? Will the meeting go on late into the evening? Without an agenda, confusion would reign An agenda is an essential tool of board governance. It is a formal document that gives shape and structure to meetings.
By adopting simplicity as part of your leadership framework, you can improve practice performance without adding more complexity to your employees lives. Overcomplicating things is a natural tendency for many business leaders. Executives and founders are usually intelligent, ambitious people. They dont want to do less; theyre hard-wired to do more. However, many can forget theyre not working alone.
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Use stock options and warrants to pay for service only rarely. Earlier, I stated that stock options are the currency of early-stage business. This truth is obvious when a start-up has no cash. So, we will assume a business is perhaps well beyond start-up and growing, but that cash is tight, used for growth and for working capital as earned. There are times when services of others are available for stock instead of – or in addition to cash.
Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic
Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in
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Female founders of consumer packaged goods (CPG) companies sharedtheir entrepreneurial journeys during a panel discussion recently, highlighting the challenges and opportunities in building consumer brands from the ground up. The panel, moderated by Michelle Breyer, chief marketing officer of SKU, Austin’s CPG accelerator, featured Sarah Vilenskiy of Blossom Essentials, Ruth Stedman of A Pup Above, […] The post Austin Female Founders Share Hard-Won Lessons in CPG Success appeared fir
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Before you embrace your lifes dream and start up a business, you need to gather everything youll need for success. You can find some suggestions for the most crucial things your startup will need to thrive in 2025. Read on to find out more. Genuine demand Right now startups are ten a penny, and that means before you go into business you will need to make sure that your company has a real chance of being successful.
Every business owner Ive ever met has the same problem: theyre constantly putting out fires. The moment one crisis is handled, another pops up. Youre solving cash flow problems one week, dealing with a personnel issue the next, and trying to figure out why marketing isnt working after that. Its exhausting. Its frustrating. And worst of all, it keeps you stuck.
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Ah Profit. Once a dirty word, I think by now youre learning that profit sustains and grows businesses. Sure, you generate revenue, and on paper, the numbers might even look good. But the real question is – how much of that revenue do you actually keep? If youre like most business owners, the answer is: not enough. Too many businesses live in a cycle of feast and famine, where revenue comes in, expenses swallow it up, and whats left?
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