Advisory Board

An advisory board is a select group of independent people who provide advice and support to the owners and directors of a business. They provide nonbinding strategic advice to businesses and hence are informal in nature which gives greater flexibility in how they are structured and managed, when compared to a board of directors.

• Draw on the skills and knowledge of directors/advisors who have practical experience in growing a business
• Enhance the businesses reputation and credibility in the marketplace
• Increase consumer and investor confidence

• An advisory board may prove a valuable resource in any multitude of scenarios, including the following:
  • A business experiencing rapid growth
  • A business needing to raise funds
  • A business wanting to build strategic partnerships
  • A business facing major decisions and/or changes in direction, including entering new markets, products or geography
  • A business establishing more formal structures involving professional managers
  • A business dealing with succession issues
  • A business facing challenges with other shareholders
  • A business wanting to raise the level of strategic conversation in every aspect of the business
  • A business with specific technical and functional issues

Selecting advisory board members is a very important task, three key questions that emerge from the process are:

• • Why am I doing this?
  • What input do I need?
  • How can this person supplement/complement our existing skills?

Contact us today to discuss the skills we can bring to your Advisory Board.