How to Deal with a Board of Directors

Now, if you've been in business long enough, you'd know you need a board of directors (as long as you have a corporation, nonprofit, LLC, etc.). However, putting together the right board of directors is best. Therefore, we need a standard, right? Hopefully the tips below will help outline that standard.

Now, if you have the right founding team, then part of your board should involve your founders (if you have more than one founder (not just yourself)). A bad board, even a couple of bad directors on that board, can be very toxic to your company and its culture. Company culture depends on stability, and when you lack a good board or lack stability on your board, your company will fail to have stability.

Crowdfunding a good or bad move for your business?

It's time for a reality check on crowdfunding for business startups: only use when necessary, because - even though it has good short-term income, it does not provide enough long-term income. When we put it into perspective, crowdfunding is an excellent tool for individual projects, but it should not be a significant source of funding for businesses.

I really find that crowdfunding is best for those individuals who're doing private projects or their own freelancing motives. But, as for a business, I'm a bit skiddish for many reasons...