ATS Episode 25: When is the right time to put together a board of directors.

July 14, 2016 — by Admin
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On the 11/09/14 Aaron Smith of ‘KX Pilates’ asked John Hagerty and Sukesh Ned of the Be Business ‘Ask the Strategist’ team “When is the right time to put together a Board of Directors, how important is it to have one and how should I go about it?”

Background to Aaron’s question:

  • Boutique fitness company
  • He has a range of boutiques open in Melbourne and now in Sydney (franchises)

After franchising his business, Aaron is unsure on whether he should put together a board of directors. John and Sukesh provide him with the right strategic advice to allow him to assess whether a board of directors is required for his company.

Different discussion topics included:

  • Franchises
  • Board of Directors
  • Advisory team

At the conclusion of the interview John asked Aaron whether they had answered his question and he replied by stating, “excellent, you have, thank you very much.”

Filed Under: Ask the Strategist, Human Resources