Advisory Board

What is an 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.

Benefits of an Advisory Board

  • 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

When should you consider an Advisory Board?

  • 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 an Advisory Board

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.

What Clients Say

Puts everything into easy to understand language and gives valuable business advise to help with the direction of our business.

The team is always available when needed providing efficient and valuable financial help at all stages of our growing business.

The support provided by Scott has been professional, with rapid and accurate knowledge of our complex business structure.

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