After your product launch, and hopefully with revenue coming in, your board meetings will focus more on data and whatâs happening externallyâwhatâs the competition doing, what are customers asking for, how well are we attracting and retaining customers, what kinds of partnerships have you set up. And as always when youâre presenting numbers, it becomes much more important to craft a narrative. You have to tell a story. [See also: Chapter 3.2: Why Storytelling.] Your board isnât in the business every day like you areâthey canât immediately understand the nuances or what the numbers actually mean unless you give them context.
Being able to help the board grasp exactly whatâs going on is good for the CEO, too. The better you can explain something, the more you understand it. Teaching is the best test of your own knowledge. If youâre struggling to explain what youâre building and why, if youâre presenting a report without really understanding it, if the board is asking you questions that you canât answerâthen you have not internalized whatâs actually going on at your company.