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Think Like an Owner

Build Series EP.1: Sarah Rowell on Utilizing Your Board - EP.240

Sep 3, 2024
Sarah Rowell, a savvy entrepreneur who co-founded Kantola Training Solutions, discusses leveraging board relationships for company growth. She shares insights on building effective boards, emphasizing the importance of chemistry and transparency with investors. Navigating the dynamics of board meetings is crucial for CEOs, and Sarah highlights strategies for maximizing their effectiveness. Additionally, she reflects on her journey of acquiring and selling a business, illustrating how a strong board can drive transformative success.
01:06:47

Episode guests

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Quick takeaways

  • Engaging the board early in decision-making processes allows for timely adjustments and valuable insights, mitigating potential cash crunches.
  • Constructing a strong board necessitates diversity in experiences and interpersonal chemistry to enhance decision-making and support company performance.

Deep dives

Involving the Board Early

It is essential to engage the board early in decision-making processes to address concerns about revenue growth and investments. By sharing potential issues sooner rather than later, companies can make necessary adjustments quickly and avoid cash crunches. This proactive approach helps align expectations and gives the board a chance to offer valuable insights or solutions. Delaying discussions may hinder the ability to get back on track in a timely manner.

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