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.
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