Private Companies – Why Form a Board?

Every public company has a formal Board of Directors with fiduciary duties to shareholders. However as the owner of a private company I’d like use this post to highlight some of the objectives, benefits and costs of various forms of Boards. The Advisory Board...

The Best of 2013

Merry Christmas and best wishes for the holiday season. I thought you might enjoy a selection of Smith Report blogs from this year. I’ve tried to spread out the subjects covered for maximum value.  Where the CEO spends time is an investment decision A successful...

The Internet has Brought Us What Not How

Be careful, as you run your businesses, manage your departments, drive new marketing campaigns, launch products or acquire other companies. There’s a little thought worth considering as we embrace the power of information at our fingertips. Are we being suckered...

Where the CEO Spends Time is an Investment Decision

In a recent TEDx Beacon Street talk, Gail Goodman, CEO of Constant Contact referenced a great phrase – Where the CEO spends her time is an investment decision. The context of the comment was connected to the founder’s inability to scale and therefore lead their team...