6 ways start-up founders or ceos can keep themselves accountable
TRANSCRIPT
CHAIRMAN ROLE#1 SEPARATE THE CEO FROM
- Growing trend in public companies and
increasingly recognized as a way to foster good
governance.
- If a company has several co-founders, one cantake the CEO position while another theChairmanship.
- A good start-up Advisory Board will providecomplementary skills and help make you aware ofyour own blind spots.
- By working regularly with your Advisory Board, youare committing to working on areas of the businessthat may be outside your comfort zone.
ADVISORY BOARD#2 RECRUIT AN
ADVISORY GROUP#3 RECRUIT A PEER
- Get feedback from other entrepreneurs facingsimilar challenges.
- Washington DC based Netcito is example of onethat which convenes monthly.
COACH#4 FIND AN INDIVIDUAL
- International Coach Federation claims thousandsof members and many are listed on their website.
- Capital Health Coach ECN makes coachesavailable telephonically and for as little as $40 youcan have a one-on-one session with a wellnesscoach.
TO WRITING#5 PRIVATELY COMMIT YOUR GOALS
- Sit down annually to privately write your startup’sgoals for the next year.
- Write a letter from your future self, five years out, toyour current self - makes you more accountable toyour long-term vision.
ANGEL INVESTOR#6 FIND A VENTURE CAPITALIST OR
- Done with caution as it comes with stringsattached.
- Bad investment partner can cripple yourbusiness.
- Good investment partner can help yourbusiness soar.