Episode 14: Non Profit Board Problems |Ask A CFO

 

The #AskaCFO series is a weekly Q & A with CFO James Vanreusel.  James answers questions ranging from  corporate finance,  FP& A, Investor Relations, Professional Development, Business Growth, Fundraising, M& A, and more

In Episode 14 of #ASKaCFO James Vanreusel of Vanreusel Ventures discusses Non-profit boards, their common issues, and what to do if one member is causing problems.  For small to midsized for-profit and non-profit organizations, having a board of directors is extremely imperative to ensure that the company is running at its optimal level.  Having a great board is like adding rocket fuel to your business, and allows a CEO to have access to mentors in multiple industries at your fingertips.  The board will think through the critical questions about growth and scale with you, help you resolve problems, help you raise funding, and open doors for you and your business.  Because the board is an arm of the organization, if it is not functioning properly the business will be affected.  In order to keep problems at a distance, you must be thoughtful when selecting board members, manage expectations,  and ensure that they come to a resolution of the issue as one.   If problems continue to arise, it may be time to reassess the members within the board. 

 

Other Ways to Listen :

 Apple Podcasts | Spotify 

P.S ASK A CFO was recently listed as #3 on the  “Top 15 Corporate Finance Podcasts To Follow in 2021 (feedspot.com)” Thank you to feedspot.com for helping us make that happen, and to everyone who supported our show.  

 

The #1 Key to Creating a Thriving Business takes you through the challenges of growing and scaling your company, from first to last. And you can request your copy here – no hidden fees, no strings.

Get your Free Book

Whatever stage you’re at in business, you need to be all over the numbers. In posts like this, we aim to offer bite-size food for thought – but in a few hundred words, we can only do so much.
If you’re ready to build your financial muscle, how about a FREE copy of James Vanreusel’s (highly-acclaimed) book for CEOs?