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by yumraj
4721 days ago
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Agree with everything that is being said here regarding the executive seats, don't give those out and keep control. In addition to some executive coaches, who will help you grow personally, it seems you need some good advisors who can help you with the problems that you're facing. Some of these could have experience with technical issues you're facing, while others could have managerial and supply chain experience.
It wasn't clear from your website if you have any advisory board or not. NOTE: there is a very big difference between board of directors and advisory board, what you need at the moment is advisory board, don't give out board of director seats unnecessarily unless you raise a VC round of funding or go IPO :). By getting a good set of advisors you will be able to fill the immediate gap in your skills/experience that you're facing and may even decide if any of those (or their referrals) need to be hired, if at all, for executive positions. Now how you find advisors is non-trivial so I will advise you to look for people with experience in your industry and domain, and contact them. Even if their companies seem to be mildly competing at times, you'll be surprised how many people will meet with you over coffee and might have recommendations.
If you decide to have a person come on as an advisor, don't give them any compensation till they start providing value. If someone comes on very strongly and will only help if compensated, then perhaps that is not the right person. Good Luck!!! |
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