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Roxanne Grey - Marketing Consultant BRANDING | STRATEGY | MENTORING
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Is an advisory board right for your company?

15/11/2018

 
Advisory board meeting
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:
  • Identified they want their role to be more strategic than operational
  • An established successful business
  • A proven business model
  • Identified they want diversity in views and advice to make well informed decisions
  • Growth objectives

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:
  • Up to $50K available
  • Designed for specialist equipment, specialist services or an advisory board
  • Minimum turnover of $500K
  • Minimum trading history of 3 years
  • Queensland headquarters
  • Worth finding out more

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.

Cheers!

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Roxanne Grey - Marketing Consultant
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