Business Lesson #21 -- Management teams run companies!

Boards and investors do not run companies, management teams do.  When you find yourself taking lots of direction from- or having a board member or investor get very involved-, it is because you are in trouble (they may not say that to you, but it’s true).  Board members and investors expect  the CEO and the management team to keep things under control and make sound decisions.   When they think that is no longer happening and have to step in, it’s too late.