Four board members who ask the critical questions about what you are considering or have decided
You write what you are considering. The virtual board asks for your accounts, your budget and whatever else it needs before you can decide well, then asks questions and suggests ideas. Next time it starts with what you decided last.
15 days free · no card · then €670/year excl. VAT · no commitment
Credit facility in place before 1 October — otherwise a hiring freeze
What you brought
We are considering hiring one more salesperson from 1 November. It costs about 55,000 a month and I expect payback in 8 months.
The board has not seen updated budget and cash budget. The questions build on what you wrote. Add the figures and take the risk assessment, and the next meeting gets more precise.
EBITDA is minus 2,240,000 in the first half-year — what is the plan for carrying an extra 55,000 a month while the salesperson has not yet paid for themselves?
On what you are considering
- 17 August 2026We have 2.7m in the bank, and the two large customers pay in October. So we can carry it for the first six months. After that the salesperson must have closed at least two new customers, or we stop.
I would look at when the two large customers actually pay in October, and whether the cash holds all the way to month six without dropping below a level that causes problems.
The 8-month estimate is built on two data points with a wide spread — that directly affects how long the cash has to last.
Possible solutions:
- (a) Get the auditor to set up a month-by-month cash budget through month twelve with the hire included.Make (a) a task
- (b) Bring a concrete stop-criteria plan to the next meeting — what triggers a stop, and by when at the latest.
The decision is yours.
Before the members ask, they would like to see:
- Latest accountsOn file in Your figures
- Updated budgetUploadI do not have it
- Cash budgetUploadI do not have it
If something is missing, the members say so in the meeting — and ask anyway.
Start the meetingHow it works
- 1
You write what you are considering. It could be a hire or an investment. Figures are not required to start.
- 2
The virtual board asks you for the information it is missing, such as your accounts, budget and cash budget. If you have them, you add them as they are. If something is missing, it asks about what you brought anyway.
- 3
You answer. The board says what it would look at itself, and which solutions it sees. You decide, and it saves the decision with an owner and a deadline.
The board asks again next month
A CEO wrote about using a chatbot to test ideas in the evening. It gets you part of the way, but not on security, memory or history.
How the board asks
The questions are from a meeting in the app about hiring a salesperson, with the demo company’s figures.
EBITDA is minus 2,240,000 in the first half-year — what is the plan for carrying an extra 55,000 a month while the salesperson has not yet paid for themselves?
Who is responsible for following up on whether the new salesperson delivers what you expect within the 8 months?
What are the 8 months built on — is it a concrete sales estimate, or is it a guess?
Revenue is 2,470,000 in the first half-year — what revenue growth are you assuming the new salesperson has to create to pay for themselves?
Your figures, in whatever form you have them
Excel, CSV, PDF or a photo of the spreadsheet. The app reads the figures out and keeps them per period, so you can compare with the last one. We keep the figures, not the file itself. The rest of BoardReady works from the same figures.
| Period | Last year | |
|---|---|---|
| Sales of services | 2,310,450 | 2,105,200 |
| Cost of goods | -1,104,800 | -1,010,400 |
| Salaries | -692,100 | -640,300 |
| Bank, current account | -38,750 | 310,400 |
| Trade payables | -512,900 | -480,100 |
15 days free · no card · then €670/year excl. VAT · no commitment
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