Small Business Board Meeting Minutes
Company Name: | [YOUR COMPANY NAME] |
Date: | April 16, 2055 |
Time: | 10:00 AM - 12:00 PM |
Location: | Conference Room A & B |
1. Call to Order
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
6. Next Meeting
Date: | May 15, 2055 |
Time: | 10:00 AM - 12:00 PM |
Location: | Conference A & B |
7. Adjournment
Minutes Prepared by: [YOUR NAME]
Minutes Approved by: Christopher Wright (Chairperson)
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