Reasons to set up a Professional Advisory Board
These are some of the many reasons company owners decide to adopt a Professional Advisory Board:
- Smarter decisions
“I want to make consistently good decisions, but I have no peers to talk to or to tell me if I am headed in the wrong direction.”
- Coach with more teeth
“I tried a personal business coach, but needed something with more teeth.”
- Help setting company vision
“It’s getting harder to attract quality people. We need an inspirational vision that attracts top people and retains them.”
- Change or go bust
“We needed to change the way we did business. If we had not, we could have failed. We needed outside ideas and strong mentors to push us to change.”
- Preparing the company for sale
“We wanted to sell the business on the best terms possible. It took 3 years, but the advisory board got us there by pushing us to design an exit plan and make the tough decisions.”
Let the best in your industry help fulfill your company’s potential
You love the company you run. However, despite your best efforts, it’s not performing nearly as well as you know it can. You truly believe in its potential, but realise you may need help from external experts to take it to the next level.
If only you had access to experienced, successful people who have been there and done that. Industry leaders you can learn from and who can guide you in making the right decisions for your business.
Setting up a Professional Advisory Board for your company may well provide the solution you are looking for.
I will help not only in finding the right advisory board members for your company, but also in guiding and monitoring the entire process and ensuring you get the best possible results from your board.
What is a Professional Advisory Board?
A Professional Advisory Board is a dedicated panel of experts set up by a company, consisting of former CEOs and key executives with industry knowledge. The board members bring experience, contacts and constructive feedback to the company owner and his or her management team.
A good Professional Advisory Board will provide the thinking required to get your business to the next level.
What does NOT constitute a good advisory board is when it consists of a group of insiders (such as your accountant, lawyer or family members), a gathering of mates from the golf club, or a statutory board with fiduciary responsibilities, liabilities or authority.
Let me help you source and select the right board members for your business.
What does a Professional Advisory Board do?
A carefully chosen Professional Advisory Board consists of wise, successful and independent business people who are committed to your business success.
They will help you with many of the issues you face as company owner or CEO, such as:
- Grow revenues and profitability
- Position your company to be an attractive acquisition target
- Facilitate and mediate a family transition
- Provide wise counsel to the CEO – a personal sounding board
- Help raise capital – debt or equity
- Mediate shareholder issues – including issues around family members
- Devise a growth strategy either organically or externally via acquisition
- Increase accountability
Take advantage of our fully guided PAB program
Finding the best people for your board and getting the most out of their involvement isn’t an easy task. I have been managing this process for many years for a wide variety of companies, with excellent results.
My Professional Advisory Board (PAB) program involves attracting the very best candidates specific to your business and industry, managing expectations and accountabilities and implementing the correct structure for growth and sustainability.
- engage the very best board members and ensure a fit to your current mandate
- ensure they share your vision and values
- publish a charter to keep the board on task
- keep your board refreshed as new thinking is required
- workshop with the board a strategy that focuses you on where to play and how to win
- build the executive dashboards to monitor strategy, and
- monitor the performance of the board members.