Free Small Business Board Meeting Minutes

• Chairperson: Christopher Wright

• Minute Taker: [YOUR NAME]

• Attendees:

  • Stephen Walsh (Member)

  • Trevor McGrath (Member)

  • Isaac Jackson (Member)

  • William Vance (Member)

  • Piers Turner (Member)

  • Simon Pullman (Member)

• Absent:

  • Diane Blake

  • Alan Fraser

  • Grace Nolan

1. Call to Order

• Time: 10:00 AM

• Presided by: Chairperson Christopher Wright

• The chairperson called the meeting to order and welcomed everyone.

2. Approval of Previous Minutes

• Discussion: Review of minutes from the previous meeting held on March 12, 2055

• Action: Motion to approve the minutes as written by Yvonne MacLeod, seconded by Simon Pullman.

• Vote: Unanimously approved.

3. Financial Report

• Presented by: Trevor McGrath

• Summary:

  • Current Cash Balance: $50,000

  • Revenue for the Month: $10,000

  • Expenses for the Month: $7,000

  • Net Profit: $3,000

• Discussion: Discussion on budget adjustments for upcoming marketing campaigns.

• Action: Agreement to allocate an additional $5,000 for digital marketing.

• Vote: Approved with a majority; 3 in favor, 1 abstained.

4. Strategic Decisions

• New Product Development:

  • Discussion: Proposal to develop a new line of eco-friendly widgets.

  • Feasibility Study: Presentation of market research findings by John Smith.

  • Action: Decision to proceed with the initial design phase.

  • Vote: Unanimously approved.

• Expansion Plans:

  • Discussion: Consideration of expanding distribution to the western region.

  • Evaluation: Review of logistics and potential costs involved.

  • Action: Formation of a task force to further explore this option.

  • Vote: Approved with a majority; 3 in favor, 1 opposed (Emily White).

5. Other Business

• Customer Feedback Report:

  • Presented by: Piers Turner

  • Key Points: Recent customer survey results indicate high satisfaction with product quality but requests for more variety.

  • Action: Decision to assess the feasibility of expanding product lines discussed in the next meeting.

6. Next Meeting

7. Adjournment

• Time: 12:00 PM

• Closing: The chairperson thanked everyone for their contributions and adjourned the meeting.

Minutes Prepared by: [YOUR NAME]

Minutes Approved by: Christopher Wright (Chairperson)

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