Board members tend to have lots of experience in at least one of these three areas: financial expertise, industry-specific knowledge, or operational management. Over the past couple of decades, though, companies have become more interested in diversifying their boardroom—both in race and gender as well as in expertise.
Today, you’ll find individuals with backgrounds in marketing, IT, and human resources in addition to the “classic” board member tracks.
The latest trend, however, is adding someone with an entrepreneurial background to your team of directors, and we’re big fans of this movement.
Here’s what an entrepreneur can bring to the table:
A focus on long-term, strategic thinking
Boards are constantly being pulled between short term goal-oriented oversight and long term, strategically focused planning. Entrepreneurs are generally going to default to strategic thinking and will help pull your board out of conversations that should be left to your company’s C-suite.