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Leaving Government for the Private Sector – Part 2

Steve Blank

I also work closely with all members of the executive team, the Board of Directors, and Advisory Board. Boards : The term “board” can mean two very different things in the commercial world – an Advisory Board versus a Board of Directors. An Advisory Board provides advice.

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8 Strategies For Sustaining Momentum In Your Startup

Startup Professionals Musings

One person can build a product, but it takes a dedicated team, with strong leadership, to build a business. In most companies, maintaining momentum requires the right strategic partners and acquisitions, in lieu of short-term price adjustments and special sales. Build a strong employee culture focused on growth.

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When To Enlist A Board Of Directors Or Advisory Board

Startup Professionals Musings

Many entrepreneurs I know are confused by definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. As an alternative, every CEO needs an Advisory Board to help them grow, which they can ignore or fire at their pleasure.

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5 Questions To Consider When Contemplating Advisors

Startup Professionals Musings

Many entrepreneurs I know are confused by the definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. How much are you willing to spend on your board? How many board members need you work with?

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Why The Pentagon Can’t Count: It’s Time to Reinvent the Audit

Steve Blank

But having been in the middle of this conversation when I served on one of the Defense Department’s advisory boards, I understand why the Pentagon can’t count. The Defense of Department’s 40-plus advisory boards are staffed by outsiders who can provide independent perspectives and advice.

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5 Key Drivers For Creating A Board For Your Startup

Startup Professionals Musings

Image via Flickr by MDGovpics Many entrepreneurs I know are confused by definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. How much are you willing to spend on your board?

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7 Ways To Fail In Setting Up Your Board Of Directors

Startup Professionals Musings

Especially for entrepreneurs who have not built and sold companies before, and need this startup to be an attractive acquisition or IPO target in a few years, I can’t think of a better way to enlist outside experts and keep them motivated to help you meet the challenges of a startup. In my view, nothing could be further from the truth.