"By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest."
Most SME's have huge gaps in the knowledge base and skill set of their directors. Financial restrictions, particularly in the early stages of a company's development, often mean that directors are low on both numbers and in-depth business experience.
If you have identified that you have a lack of in-depth knowledge within your board, in a particular business discipline, or accross a broad spectrum of disciplines, the cost effective solution to your problem could be to appoint a highly experienced Non Executive Director to your company's board.
By making such an appointment you can quickly add much needed guidance and knowledge at a fraction of the cost of a full time director. Working as many, or as few hours as you think are neccessary, an experienced non executive director will help you avoid the common mistakes that many less experienced entrepreneurs tend to make. Risk can be minimised in this way, and often for the equivalent cost to the business as a full time, junior member of staff.
Just imagine how much quicker your business will flourish and how much easier your life could be if you were able to utilise such a wealth of knowledge, experience, and expertise to provide you with assistance and guidance.
Banks and financiers will often look very favourably on companies who use this method to quickly introduce direction, experience, and know how to a growing business. An experienced non executive director can provide the credibility that lenders, investors, and prospective customers are looking for.
If you would like to explore this option further please get in touch and we will arrange a meeting to demonstrate to you the benefits of working so closely with The Dream Factory.
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