Have you been considering assembling an advisory board to assist your business move from good to great?
As a business leader, moving from an operational role into a strategic role is a critical step once your business reaches a certain level. Of the different businesses I have worked with over the years, one of the models I have seen work very well is when an advisory board is convened.
An advisory board works much the same way as a board of directors, however the advisory board don't have ownership of shares. This option suits managing directors who have:
The Queensland Government have a program open that can support the introduction of an advisory board. Click here to learn more about the program.
The highlights are:
Whether you access the funding or not, implementing an advisory board can have a range of benefits. It might just be the thing that assists you with your next step in business.