For board meetings, it’s important to prepare properly.

Set the meeting schedule well in advance, such as a year.

Prepare documents far enough in advance so the members have time to read the materials and prepare for the meeting.

Use a standard format for the board package so the members can find things more easily.

Use the board package to give the status updates and focus the meeting on the key decisions to take.

Set up the meeting agenda to cover the most important topics first.

Include the company financials including cash position.

Include a slide deck for the talking points.

In crisis situations, you may need to call additional board meetings such as when the company runs out of cash unexpectedly or gets hit with a lawsuit.     

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.