Startup Funding Espresso -- Coaching the CEO
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. One of the key roles of a board member is coaching the CEO. Here are some key points to consider: Focus on the team, the financials, and the strategy of the company Avoid the minutiae of day-to-day operations For the team, work on building the company\u2019s culture The CEO may need help in identifying the need and timing for new hires\xa0\xa0 The right CFO can be very helpful to a CEO in a growing company For finances, discuss the use of cash, cash-burn rates, and the next round of fundraising There are many choices here and the CEO needs support to sort it out. For strategy, make sure the company has figured out their North Star metric - the one metric that drives the company in the right direction. In the early days, the CEO will be working in the company as do employees, but over time you can help them move into a coaching position which better enables them to run the business. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today.___________________________________For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group