We know the significant difference that a board closer to the challenges of the company can have on especially the smaller and medium sized companies. A close collaboration and ongoing transfer of skills can be a great help to the management when combining the focus on the daily activities with a focus on the strategic goals and long term action plans of the company.
The challenges and potential of growth companies:
Most growth companies have major knowledge about their own business concept as well as the technologies, products and/or services that are the foundation of the vision behind and creation of the company. The companies and their founders often have an thorough knowledge of the market in which they operate.
A major part of entrepreneurs, owner-led companies and companies funded through venture capitals have good and realistic knowledge of their own strengths and competencies. They are highly aware of their strong sides and acknowledge that the road to success goes through the supply of knowledge and external practical experience.
The external knowledge and experience can come from a lot of different areas: new employees, new partners, consultants, investors, advisory boards and board of directors.
Despite the recognition of the needs that occupy the day-to-day tasks, these are often located within the management. The companies either do not get supplied with the necessary competences or end up implementing quick and easy solutions that do not fulfill the actual needs of the company.
How we can contribute:
At Brinch & Partners, we have major experience working with growth companies and a substantial insight into the necessary prerequisites ensuring the success of the company. A number of our partners have been involved in building, developing, and creating successful organizations and corporations, as well as having worked at management and board level.
Our experience enables us to assist management, owners and boards of growth companies in determining which competencies the companies need and exactly how the right board composition can have crucial importance.