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5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

Here are some key reasons why I believe every entrepreneur should create a formal Advisory Board or Board of Directors before they ask for funding, or even build their business plan: We all need a bit of reality to balance our passion. Advisory members are Board of Directors candidates.

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Does Your Nonprofit Need an Advisory Board?

Board Effect

The fact that your board is having a discussion about forming an advisory board is a good indication that it’s time to put the issue on your board’s agenda for discussion. You never know what experiences and perspectives your fellow board members will have on a certain topic once you bring it out into the open.

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Leaving Government for the Private Sector – Part 1

Steve Blank

For starters, first figure out which industry you want to work in, narrow it down, and work hard to get intros at the senior levels to a handful of companies (Board of Directors member, Advisory Board member, member of the C-suite (CEO, CTO, CFO, etc), and/or investor.) Action : A) If you’re an A-player, stay in government.

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10 Business Practices Owners Often Learn The Hard Way

Startup Professionals Musings

The last thing you need is a reputation for always being a day late and a dollar short. Establish an advisory board of experienced peers. Always give yourself a buffer in promising results to others. With your passion to win business, it’s always tempting to commit to high-risk results in short timeframes.

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Board of Advisors Vs. Board of Directors

Board Effect

Having access to a full range of advice can help an organization grow and surpass its competitors and increase the value and reputation of the organization. In most cases, organizations are required to set up a formal board of directors who are liable for planning and oversight of the organization.

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How Can Boards Leverage a Governance Consultant?

Board Effect

Not all boards can handle these issues on their own accord and that’s the right time to considering working with a governance consultant. A governance consultant is different than a mentor or an advisory board. It’s sometimes difficult for boards to understand how others outside the company view their reputation.

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Vision versus Hallucination – Founders and Pivots

Steve Blank

The company already was gaining a reputation as one without a coherent strategy. Finally, I suggested that he find someone he respects on his advisory board, who he was comfortable brainstorming with and would tell him when he has a bad idea. I cringed when I saw this – it sounded like me early in my career.

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