Have you been wondering if it’s time to look at an Advisory Board for your business? Or has someone else suggested you should have one, but you don’t really know where to start? I work with business owners every day and often get asked about the need for an Advisory Board. I think its a great idea but only if you do it properly and at the right time for your business.
So how do you do it properly?
I thought I’d share my advice in the form of a video tip series.
Tip 1 – Understand what an Advisory Tip is
An Advisory Board is a small but perfectly formed group of people who come together to add value to your business growth plans.
There are a few clues in the above statement:
- Small. You don’t want a committee of people with so many perspectives it confuses you. I think yourself plus 2 or 3 others is ample
- Perfectly formed. Choose very carefully who you have on board – choose people who have proven experience in both business and in the particular areas you want to grow in. For instance if your growth strategies are likely to include exporting, then someone with exporting experience could add great value.
- Business growth plans. The right time to bring together an Advisory Board is when you are in a growth phase and have a clear idea of where you want to take the business and ready for the right help to implement your plans – not when you are just starting out or if you are unclear where you want to take the business.
I’ll be sharing all 7 video tips as a blog but if you want to fast track to the full series, just go to https://liber8yourbusiness.com/advisory-board/
And of course feel free to email me at firstname.lastname@example.org if you have any questions or want to talk more about help with forming an Advisory Board.