Why should you have an advisory board? The short answer is that an advisory board makes both you as the leader and your business model better. How? First, let’s start with the types of advisory boards at a strategic level.
First, a Customer Focused Advisory Board consists of your most strategic customers. It’s best for companies whose customers success depends upon the company products or service delievery.
Second a General Advisory Board constitutes outside experts drawn from various business disciplines such as finance, marketing, sales, legal, or operations. Ideal for new business owners who need many outside viewpoints.
Third, an Industry Specific Advisory Board is built on influencers in the industry who assemble to discuss the critical issues facing the entire industry. Works well with the most complex organization like information Technology, biomedical, and pharmaceutical companies.
A fourth type is a Hybrid Advisory Board combines members that are customers, industry-specific, and general business expertise can give you all the above.
For more details about advisory boards contact John McAdam, a hands-on private business advisor for business owners with 10 or more employees and who want to grow. Email him at john@pioneerbusinessventures.com and tell him you learned about him at OurExpertInsights. Learn more at https://pioneerbusinesssventures.com. Don’t forget: “aim high!”