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Plan to Turn Your Company Around in 90 Days: How to Restore Positive Cash Flow and Profitability by Jonathan H. Lack

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How to Manage Investors and the Board of Directors Better

Total Transparency Is Critical

This chapter’s objective is to help you manage your investors and board of directors better. Chances are that you have not been managing either as effectively as you could. Although this is completely understandable given all the other problems with which you have been dealing, this oversight is not prudent or helpful in your efforts to turn your company around. No one likes to be the bearer of bad news, especially if you are the captain of the ship, and any self-respecting entrepreneur is going to find it difficult to look at his or her investors in the ...

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