An executive director works for the company (usually full time) and has a senior role responsible for the strategic and tactical management of the division they run. Typically, they are C-suite roles, such as Chief Executives, Chief Financial Officers, Chief Technology Officers, and other executive division heads. A non-executive director works in an advisory role as a consultant. The workload can vary, but typically it might be 10 to 40 days a year, including board meetings. … [Read more...] about What is the difference between an Executive and a Non-Executive director?
Independent director is often used interchangeably with the term non-executive director. However, independent directors are those that do not have any significant relationship past or present with the company (such as being a former employee or a major customer) beyond their non-executive role and can have only a limited shareholding or investment in the company. So while all independent directors have the same role on the board as non-executive directors, not all non-executive directors can … [Read more...] about What does an Independent Director mean?
Recruiting a non-executive director can help a small business gain experience, knowledge, contacts and ideas, as well as provide constructive criticism – all of which cannot fail to be of value to a company regardless of its size. Many people will have heard of ‘Non-Exec Director’s but few fully understand what they are, much less what they can potentially do for a small or growing business. What a non-executive director can bring to your business: 1. They have experience Non-Exec … [Read more...] about Do I need a Non-Exec Director within my business?
If this is the first question, you may well not really be ready to join a Mastermind. You see, Mastermind is NOT a cost, but an investment. I promise, I'll answer your question, however, for one minute, just imagine your business 1 year from now, having had the help, guidance, support, encouragement, and accountability provided by a dedicated team of 'non-exec's within your business. A team as dedicated as you to the significant and sustainable growth of both you and your business, who … [Read more...] about How much does a mastermind cost?
A mastermind group is designed to help you navigate through challenges using the collective intelligence of others. How does a mastermind work? A group of smart people meet frequently, to openly discuss and tackle challenges and problems together. Often chaired by a facilitator, these are often the BREAK THROUGH for many business owners. … [Read more...] about What is a mastermind program?
The concept of the Mastermind group was formally introduced by Napoleon Hill in the early 1900s in his timeless classic Think & Grow Rich. He wrote about the Mastermind principle as the coordination of knowledge and effort of two or more people who work toward a definite purpose in the spirit of harmony. This was also echo'ed by Einstein who proclaimed "You will never overcome any problem, whilst using the same level of thinking, as that which caused it" And further developed by the World … [Read more...] about Where did mastermind come from?