Private Business

Lessons for my ex (real estate agent)

It was great information! Over the past couple of months we’ve been working with a real estate agent. We’re looking for a house in a smaller city. The houses are older and charming, especially close to downtown. A couple of weeks ago we found a very nice house on a street we liked. It had [...]

By |November 6th, 2017|Family Business, Private Business|0 Comments

Should Your Industry Association Have a Competency-Based Board?

Association Director Experience vs Expertise Competency based Boards engage Directors based on their specific knowledge and expertise. Traditionally, industry association Boards have engaged Directors based on their seniority, industry experience, and even location. Which is better? On competency-based Boards, the expertise of the Directors mirrors the challenges and opportunities that the association and its members [...]

By |November 1st, 2017|Family Business, Governance, Private Business|0 Comments

4 Steps to Better Private Business Strategy

“Strategy is a waste of time”. Lots of private business owners we know feel this way because their private business has achieved a high degree of success without strategy. Why should they start now? Here’s why: Because too many private companies get stalled at the natural level of success that’s possible by spotting a market [...]

By |August 17th, 2017|Private Business|0 Comments

Think he’s crazy? Donald Trump is just your typical entrepreneur.

  Flickr Image by DonkeyHotey Forget Shark Tank. For anyone who fancies themselves as a future entrepreneurial star, studying Donald Trump (just watch the nightly news) may be all you need to learn about entrepreneurial success. Here’s why. Almost every 'successful' (valuable business leading to personal gratification) entrepreneur we’ve known over the past [...]

What Private Companies Can Learn About Board Structure from Public Companies

Private Company Boards are Smaller and Less Independent Statistics show that private company Boards are smaller and less independent than public company Boards. This matters. The rationale that leads public company Boards to be larger and more independent also applies to private company governance. 1. Board independence. Private company boards are overwhelmingly composed of related [...]

By |May 3rd, 2017|Family Business, Governance, Private Business|0 Comments

Four Factors Separating Strong Boards from Failed Boards

Failed Boards are more common than people realize. Failed Boards are much more common than most people realize. Charged with the responsibility of identifying and mitigating risk; validating and overseeing strategy; and, hiring and performance managing the CEO, most organizational failures are the responsibility of the Board. From Enron to Volkswagen, Boards full of smart [...]

  • Jim Crocker presentation 2017

A More Important Role for Private Company Boards

Expanding the Role of the Private Company Board Most private companies report having a Board of Directors. Typically, the role of these private company Boards is for the owners to meet and make decisions about the business – frequently financial decisions. Although these owner meetings are important, there are other elements of a Board’s governance [...]

By |May 3rd, 2017|Family Business, Governance, Private Business|0 Comments

Corporate Governance For Private Business – Two Best Practices (Updated)

Recommendations Start with why - defining the role of your private company Board will help you identify how governance can be improved. There are three reasons that private businesses have Boards: business advice business oversight make owner decisions How to think about each. There are many ways to get advice that don't require having a Board. [...]

By |March 3rd, 2017|Family Business, Governance, Private Business|1 Comment