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Home arrow Board Tech Blog arrow October 1, 2008: Why Put Business on YOUR Board?
October 1, 2008: Why Put Business on YOUR Board? PDF Print E-mail

We are entering the fourth quarter, the traditional season to scramble for new trustees.  This is a great time to remember the value of approaching successful business managers to serve on your board.  I would rather serve with one person with strengths in the following top 10 list of skills than with an entire group of five other people who have passion for the mission as their core strength and are weak in most of these areas.

1) Budget, analyze cash flow and identify potential problems; 2) Protect a niche and keep operations focused; 3) Challenge staff decisions and assumptions; 4) Set reasonable goals and  police a plan; 5) Explore consequences of decisions and examine risk 6) Define and  market a cause;  7) Form value propositions and define outcomes for potential partners and investors; 8) Make and seek financial monetary investments  9) Act and accept accountability for decisions;  10)  Find ways to persist and recover from setbacks. 

Let's add two more entrepreneurial items.  In a time when nonprofits need to be more aggressive than ever to earn their own income, it really helps to have access to "opportunity seekers" and those that can "make a deal."  Good hunting to all !!!

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3.22 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

 
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