A Board of Advisors May Be the Best Thing You Ever Did!

For many privately held companies the thought of having a bunch of "strangers" meeting with you on a quarterly basis to look at your company and your financials and question what you're doing is almost unthinkable! Let me make this statement:


Not having a Board of Advisors was probably one the worst decisions I made when I owned my own business!!

I always said to myself "who knows the business better than me?" Answer: A lot of smart people.

I'm going to have a group of people tell me how to run my business? - YES!


Very briefly: with the correct people on your board, they can provide for you the following:

• An objective view of how your running your business
  
• An objective view of your strategy
  
• Share with you their own experiences dealing with similar issues
  
• Objectively evaluate your management team
  
• Objectively evaluate your strategy and make suggestions
  
• Provide contacts and experience in almost every area you may need for the growth of your business

In order to get the best out of each and every board member and every meeting, I recommend that you pay board members. Why? Because you always get what you pay for.

Here is some additioinal information on the mechanics of assembling an advisory board:

- Are there Empty Seats at Your Management Table?

-10 Tips on Setting Up an Advisory Board

Feel free to contact me with your questions about advisory boards and how to make one work for you.