by Tony Vidler
The step from running a small advice business providing a good lifestyle to running a practice that leverages your time and processes is bringing in outside expertise – or appointing an Advisory Board.
Putting together the right Advisory Board for your business does take a little work, but is perhaps not quite as hard as many think it is.
A little reflection and self-analysis is the first step as you have to understand what business skills or knowledge your business is currently lacking in, and perhaps most importantly, your own style. Your business has been built around you, so your style of business management needs to be complemented wherever possible by your governance team.
Then there are only a few big decision points in getting the process moving ahead. The size of the board, the particular experience or skill set needed, and where to begin looking for board members. Understanding what talent is needed and then finding it is really the crux of building your business with the right advisers.
In this quick video we discuss those issues, and provide some tips on how to go about getting the right advisers “On Board”.
…watch the video to begin putting an Advisory Board together…