Serving on the board as a minority shareholder of another business provides unique learning opportunities for CEOs. It’s a particularly good idea for CEOs of privately held companies that are approaching the $50Mil/yr mark because that is such an important inflection point on the journey to $1 Bil. (see David Thomson’s 2006 book BLUEPRINT TO A BILLION.)
As a minority shareholder, you can witness another CEO being defensive as you and other board members ask important questions about the readiness of executive team members to take the company to the next level. You can see what happens if/when the performance metrics that serve smaller businesses haven’t been replaced by more relevant ratios. As a board member, you can see how indecision on the part of the CEO stalls growth more often than market dynamics or the availability of money. You can learn that nothing invites the exodus of top talent faster than previously successful executives who have become risk adverse. And you can witness the damage done when leadership refuses to address a chronic recurring problem.
Known as The Growth Strategist®, Aldonna Ambler built and grew a suite of companies to help midsized B2B companies achieve accelerated growth with sustained profitability® A Certified Speaking Professional (CSP), Ambler has addressed over 2000 audiences and hosted a syndicated online talk show about growth strategies for 9 years. As a growth financing intermediary, Ambler raised over $1 Bil dollars for midsized companies. The winner of over 2 dozen prestigious national and statewide "entrepreneur of the year" awards, Ambler is available to speak about “profitable growth during any economy” and/or serve on the board of a growth-oriented privately-held company.