SMALL BUSINESS ROUNDTABLE

SPONSORED BY THE ASSOCIATION FOR CORPORATE GROWH (ACG)

“BUILDING YOUR HOUSE ON A ROCK”

A STRONG TABLE HAS FOUR “LEGS” TO MAKE IT ROCK SOLID:

·        CORPORATE GOVERNANCE

·        BUSINESS OPERATIONS

·        PROCESS MANAGEMENT

·        STRATEGIC/BUSINESS DEVELOPMENT

CORPORATE GOVERNANCE

·        BOARD OF DIRECTORS/BOARD OF ADVISORS

o       Determining Executive Compensation, Setting Goals, Navigating the External Environment, Succession Planning, Providing a Reality Check for the CEO

o       Practical Experience in the focus area of the Firm, record of success, big picture approach vs operational details, strategic perspective, ability to challenge other directors

BUSINESS OPERATIONS

·        FINANCE vs ACCOUNTING: Forward Looking CFO, not historical

·        HUMAN RESOURCES: Sr Professional

·        CONTRACTS: Sr Professional

PROCESS MANAGEMENT

·        CEO/PRESIDENT STYLE VS PROGRAM/PROCESS STYLE

·        IS SR MANAGEMENT GROWING WITH FIRM? Can you delegate?

·        EFFECTIVENESS VS EFFICIENCY

o       DOING “RIGHT THINGS” VS “DOING THINGS RIGHT”

o       STRATEGIC PLAN and constant monitoring of Plan

STRATEGIC/BUSINESS DEVELOPMENT

·        SENIOR EXPERIENCED DIRECTOR: Formal Organization

·        EXPLORATORY TEAMS – What’s out there?

·        CAPTURE PLANS – How do I win what’s out there?