Should you create a board with your new business?

[Kaffyfolla]

If the business has not expanded to a certain level i don't think you will need board, choosing someone as CEO is additional cost because the salary has to be upgraded

 

[tuna89]

Such are majorly available in large scale businesses, average level businesses only have advisers. The large businesses put the highest shareholders into various positions to see to the forward movement of the organisation.

 

[Kingmarvex]

Like a board, as in the people running the show. Like the CEO, CFO, or whoever else is helping run the business. Would you create a board right away, or wait until the business gets bigger?

I don't fully understand the question, if it is what I think it should be on the basis of their financial commitment to your business. Or rather your business must be really large

 

[Chizfab]

Creating a board for small scale business? No, that's too much on your business, do you want to suffocate the business? The fact that it is a small scale business means that it's too small to make gaint steps, please start bit by bit and when you get to that level, then you can create your board.

 

[Bookwormlux1]

I would wait until the business gets bigger first. This would even help me to gain enough trust and reliability from prospective board members.

 

[Ghost1]

That would be amazing, they say 2 head are better than one. You'll be opened to different ideas and views from different and the most suitable would be adopted altho decision making is always difficult

 

[Trexxxy]

You only have boards of directors or investors when the business is huge. You can't start a business now and have a board you answer to or who deliberate on the runnings of the business.

 

[btaliat]

The only time I will be thinking of having board for my business is when I am getting old and I know I may not have power to cinitnue the business. That's when I need board.

 

[Chizfab]

Your main aim should be how to make the business grew and expand, which should be the things you do at the early stages of your business. Keep reinvesting in your business and leave out getting paid at that time, because once your goal is achieved, you will start reading your hard work for years to come.

 

[Richard92]

Start ups don't really need a board,maybe partners but certainly not board

Yes it is possible to create a bald with your new business because a business is an entity of itself and you are an entity of yourself you separate yourself from the business will make the business blue whale

 

[Setho]

If your new business is one that is big with a lot of employees and you will want the work to be shared to maximize efficacy then you can consider creating a board to oversee the various departments.

 

[Ezekiel]

To have a board it is either they are been paid,or are also in a list of share holders,I don't think a small scale business needs a board all a small scale business need is an ideal that will surprise the whole world

 

[Jhayms07]

Yes I think this is a very important step. This helps to keep everything in order no matter show small the business is

 

[Kubiat-Abasi]

Some start-up business requires a board if the funding is capital intensive. If the business is on a massive scale then I'll sketch a board explicitly.

 

[Blessedsam60]

Never underestimate your business. Smaller business could turn to a multi million dollars job. You can start creating a board for this kind type of business
As we know that branding is all what's

 

[Sotherefore]

I do not see anything wrong with this if you great board that will handle and manage your business for you but this should only be done when you have trusted people or people will experience in the type of business you are doing already.

 

[Senator]

Some people will rather wait dorny business to become properly established before talking of creating a board for it. You have to take whichever works for you

 

[Kane]

For a small business that sells limited products and also has a small sales, there is no need to have a board. If you need advice you can talk to investment experts or learn from peers.

 

[Ghost1]

First of all how big is the business. Creating board is good as it brings together divers ideas And management strategies but not for small scale business

 

[Stnicholaz]

Like a board, as in the people running the show. Like the CEO, CFO, or whoever else is helping run the business. Would you create a board right away, or wait until the business gets bigger?

That will be an abuse of the word boars.lol creating a board for a new business is not ideal maybe another term can be use such as committee or team.

A Board is only appropriate when the business is established and has lots of networks, customers base, investors or shareholders.