As someone who works with business owners and CEOs to form their advisory boards and very often stays on to serve as facilitator I remind them that their advisory board should be managed in a manner that works best for them.
As an advisory board facilitator I recommend you consider these nine tips to help your planning
A prospective advisor expresses an interest in considering joining your advisory board. In order to decide she needs more information. As a privately-held company the information can only come from an internal source. Consider the following five steps before distributing any information.
Potential advisors will be qualifying you and your company just as you are qualifying them. The following questions are relevant for a newly forming advisory board and one that has been in existence.
The decision to serve on an advisory board is as serious as agreeing to serve on the board of directors of a nonprofit or company. Consider the following questions to determine if you're a good candidate to be on a board of advisers.
Why are some advisory boards successful while others are not? In my years of participation in and facilitation of advisory boards I have observed these ten factors.
Now that you've made the decision to form an advisory board you need to find advisors. Enlisting family and friends is not a good idea despite their best intentions. So where and how do you locate advisors? Here are six suggestions on how to identify prospective advisors.
In a study titled Advisory Directors published in June 2011 looking at the impact of advisory directors in public companies, the authors found the following.
Actually all board service can build leadership skills. Advisory boards are a way to start gradually if you know nothing about serving on a board.
If you’re serious about wanting to start an advisory board, first consider answering these six questions.
In my previous post I discussed the benefits of establishing an advisory board. As an advisory board consultant and facilitator I see companies and CEOs all the time that would benefit from having an advisory board. If you’re still not sure an advisory board is right for you or your company, take the Advisory Board Rediness Challenge a twelve question survey detailed here to help you decide.
Many businesses needing outside expertise but unable to afford the cost of numerous consultants have turned to an advisory board. An advisory board is non-legal board of directors where the advisors are selected by the CEO. The CEO generally selects advisors due to their skills, talents, expertise and contacts.
One of the most common problems of smaller organizations is where to have their board meetings. Whether it’s an advisory board or nonprofit board meeting, the location is important. This blog offers seven tips when using a restaurant as your meeting location.
Have you ever not attended the meeting of a board you sit on? When you don’t do you understand the impact it has? Many board members give little thought to what happens if they don’t attend a board meeting. The following blog offers six implications to consider, some more weighty than others.
