Ten Advisory Board Gifts of Wisdom — Part 3
Wisdom #1
“Asking for advice is the sign of STRENGTH, not WEAKNESS. Steve Jobs did it, and so can you…” — Oleg Feldgajer
Wisdom #2
“97% of all CEOs are not open to outside advice. It’s BODs’ Fiduciary Duty to keep CEOs… accountable” — Oleg Feldgajer
Wisdom #3
“When CEOs don’t know how to take advantage of AI & Data Analytics — it’s REGRETTABLE; Not asking for help is UNFORGIVABLE” — Oleg Feldgajer
Wisdom #4
“Having great relationships with your Board of Directors is necessary, but not sufficient without a competent Advisory Board” — Oleg Feldgajer
Wisdom #5
“The best Operating Advisors are not just telling you what to do — they do it for you” — Oleg Feldgajer
Wisdom #6
“In front of a Grand Jury, one needs the best lawyer money can buy; In front of a BOD, the CEOs need the best advisors they can find” — Oleg Feldgajer
Wisdom #7
“The purpose of human life is to serve, and to show compassion and the will to help others” — Nobel Peace Prize winner Albert Schweitzer
Wisdom #8
The best advisors are “skilled at assessing what they know, what they don’t know, and what they need to find out. This capacity is invaluable for helping others cope with uncertainty”- Linda Brimm
Wisdom #9
“A good advisor helps you Think, Plan, and Act” — Oleg Feldgajer
Wisdom #10
“REINVENTION is a process & it must be followed repeatedly, again, and again, and again…” — Oleg Feldgajer
For More Information…
For more information, please see my posts on LinkedIn, Twitter, Medium, and CGE’s website.
AI Boogeyman
You can also find additional info in my book on amazon: “AI Boogeyman — Dispelling Fake News About Job Losses”, and on our YouTube Studio channel.
I offer hands-on AI investment advice to Venture Capital & Private Equity portfolio companies. Hence, I am in the business of joining Advisory Boards (ABs). And in many cases, I deliver results in 90 days by structuring JVs to bring untapped revenue streams — just as I did w/ Verizon 20-yrs ago…
A good Advisory Board improves the decision-making process by helping the CEOs to consider different perspectives. More importantly, there is not a single top athlete who does not have a coach. And yet, only 20% of CEOs are coached by Advisors. The other 80% — may never become the top performers they could have been. Thus, my advice to CEOs: “Amateurs don’t use coaches, professionals do… and so should you”.
I used advanced BusinessAI™ strategies in Renewable Energy for 12 yrs. Now, I help VC/CVC/PE funds to maximize their returns in Healthcare, Fintech, Transportation, Construction & Manufacturing, too. And I apply the same structured finance expertise I acquired through financing over $1B of Renewable Energy projects.
As a 30-yr BusinessAI™ veteran, I Propose, Design, Structure, Finance, and Deploy state-of-the-art Joint Ventures to bring RAPID & SUSTAINABLE REVENUES. And as a coach & mentor, I bring business savvy to separate the wheat from the chaff — through a unique process to beat the odds. Such pattern recognition abilities allow me to see what is still missing & how to maximize business offerings & profitability…
What I learned over the years is that it is not just technology innovation, but also the exponential increase in the value offered to clients at a much lower cost — that makes all the difference. Business Model Innovation is as disruptive as Technology Innovation and yet I see too many companies focused on pushing their product out the door — while losing ~70% of untapped revenue streams.
My LeanBOD™ recommendation? Mandate CEO Advisory Boards and create a pool of viable Co-CEOs to be chosen by the BODs. Co-CEOs offer the fastest way to accelerate Scale-Up & Expansion, Revenue Growth, Margin Enhancement & Opening New Channels.
SELECT ACCOMPLISHMENTS: Using AI in CT medical diagnostic, financial fraud detection, solar PV, wind, WTE, energy efficiency, etc. Finance skills: equity, non-recourse debt, balance sheet financing, and tax equity. I also took a tiny startup public, building a $135MM enterprise & received funding from NRC & DND. Academic R&D collaborations included: UW, UofG, UofT, and MCC Consortium in Texas.
