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Building a board.

Asia Africa Intelligence Wire

| August 07, 2001 | COPYRIGHT 2001 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Israel Business Arena)

Byline: Michael Neuvirth

Every company has a board of directors. In my experience, the better the board - the better the chances of success. This may seem simplistic, but you would be surprised how many founders of startups are more concerned about either control or ego, and refuse to rely on their boards, or fill their boards with "yes men", or even worse - family and friends.

Startups really need a good board to help them deal with the pitfalls they will face as they grow. A good board can also provide industry contacts, and access to additional to capital, and open up doors to customers.

Today's Enable looks at the ins and outs of building the best possible board of directors for your startup through Inc.com - which covers the subject in great detail. Inc.com provides an entire guide covering issues like how to recruit board members, maximizing your board's impact and a lot more.

The following provides are my selections of the articles at the site that I believe startups should read:

Boards That Are Not Bored: Your board of directors doesn't have to be a stuffy group that sits around pondering the future of your company. Here Inc. brings in Venture capitalist and active board member Bradley Feld to tell you how to create a vibrant and effective board and keep the group invigorated for the long haul. Building the Board: A board may be a nice luxury, but should you really devote the time to it? In this story, advisers and CEOs of growing companies describe how boards can help increase credibility and enhance growth ...

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