As a business entrepreneur, you need to surround yourself with people who are committed and determined to see to it that you achieve your business goals and objectives. One of the best ways of doing this is by creating a business advisory council.
Here are some tips to help you create an effective advisory council.
Have a Purpose
The advisory council or board can help you weather some of the current opportunities and challenges that your business is currently facing. Hence, you should have a clear purpose of what you want the council to do for your business. When forming the board, you need to take time to evaluate all the knowledge gaps to know the most appropriate advisors that you should have in the council.
Use your Existing Networks to Form a Business Advisory Council
Identifying professional business advisors can be an uphill task, especially if this is your first time going through this process. To save on time, it is wise to use your current professional and personal network to identify people who have the required skills and expertise. Using experts who already know your business will greatly help to steer your business in the right direction, as they have the ability to advice you accordingly and help you make informed decisions.
Once you identify potential advisory council candidates, it is imperative that you vet them to know if they are a good fit. Note that the best council members should not only have professional and technical knowledge that is related to your business, but also the desire to help you grow your business. In addition, there need to be good chemistry between you, the entrepreneur, and the potential advisor.
