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100 Rules For Entrepreneurs by Neil Lewis

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86. Avoid management and board meetings

In some cases the entrepreneur will give up running the business and shift to controlling their shares and share value via a board of directors or a CEO. In this case, you would wish the CEO to propose the brand strategy and pricing strategy (and therefore profit margin strategy), but this should always be under the final say-so of the shareholders.

However, until shareholders have someone else to hold accountable (i.e. the entrepreneur has sold a big chunk of his or their shares), then board meetings are useless and to be avoided, with the exception of allowing an entrepreneur to engage non-executive directors at his or her board meeting.

Management meetings are similar. If you have an accountant, ...

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