Ask yourself questions from your "pretend board" to grow your business

written by Peter O. | Growth, Leadership

I met with a mentor today who is gracious enough to meet with me every month and talk through any any questions I have.

Today I asked him "If you were on our board, what would you first ask us?" Here are some of his questions:

  • What are you strategic objectives? How are you measuring those?

  • What is your 3-5 year vision and goals?

  • What is your 1 year vision and goals?

  • What are your financial & capital plans to reach your goals?

  • Based on your goals, I'll need a quarterly report stating the widgets (like "number of accounts") you need to reach your goals.

  • What are your big 3 things you're measuring leadership on? He uses quality, finances, and strategy.

    • How are you measuring quality?

    • How are you measuring strategy?

He and I have talked about this things many many times, but its good to put them in the context of the board.

Whether you have a board or not, answering these questions will make you a better business leader and help your company grow.

About the Author
Peter Olson writes about what he's learned growing a business to high seven figures. He's the CEO of an Inc 5000 company that works with entrepenours to help them growth their businesses.

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