Being at the top can sometimes feel isolating, having an advisory board provides support as needed.
An advisory board is more informal than what most people think of when they hear about boards .
It's basically a group of smart and motivated people you have gathered around you on a regular basis to help grow your business. People with experience, IQ, EQ and the right mix of qualities that add value to your strategic vision.
A core group is important because it provides stability, yet a top functioning advisory board allows and enables people with unique skills to come in from time to time as needed. There a bunch of key skills which may only be needed every few months.
A good advisory board will meet monthly and keep things on track. Structure is important but keep in mind that flexibility and agility is equally important.
At the end of the day, these people are there for you, that want to help you succeed. Also keep in mind that these people have something to offer you and the meetings need to be respectful and thoughtful about why everyone is there.
CORPLAN can help you start and structure an advisory board. We also sit on many boards, either on a regular basis or periodically when the time is right.
