Business Advisory Boards

An advisory group might be just what your small business needs to reach the next level of growth. But unless you know how to design it properly, your small business advisory group could quickly become your small business nightmare. With that in mind, here are a few of the most common mistakes to avoid when forming an advisory group for your company.

Business advisory groups can be useful tools for small business owners. But if they aren't managed effectively, they can quickly become a waste of time and focus. So if forming a small business advisory group rates high on your agenda, here are five success factors you can't afford to ignore.

More and more business owners are discovering the value of forming a small business advisory board. Here's the information you need to form an advisory board that is competent, focused and effective.

An advisory board can be just as important as a board of directors. But to be successful, you'll need to know how to pick the right members.

Advisory board members use their experience and knowledge to help you grow their business. Even though resources are scarce, you'll need to compensate them for their time. But what's the going rate for an advisory board these days?

If you've decided to create an advisory board for your business, you're on the right track. But how do you maximize the return on their time and your investment?

Creating an advisory board is only the first step. Now you'll need to get creative about attracting exceptional advisory board members.

Think advisory boards are just for profit-making businesses? Think again! Nonprofit organizations can also benefit from the wisdom and experience of strategically recruited advisors.