Let’s talk about building an advisory board.
I think we would all agree that having strong advisors and mentors in your corner brings huge benefits to every organization. Not just as sound advice in making business decisions but also providing introductions and bringing credibility to the business.
So when is the right time to build your advisory board? As soon as you find the right people who will help. This means before you hire your first employees.
Building an advisory board, much like building company values, is often an activity to do later. But guess what, later is too late!
It is like pouring a foundation after the house has been built.
Investing the time to build a board before things get too crazy, is the smartest way to ensure that the decisions you make are solid enough to bring the business to it’s full potential.
Guest Bio:
Coco Brown is the Founder and CEO of The Athena Alliance. Athena has helped thousands of leaders grow and advance in their executive careers, and has brought over 400 women to corporate boards from growth stage private companies to name brand public companies.
Coco has personally worked with hundreds of top leaders, CEOs and boards to evolve modern leadership. She’s served on ten commercial and non-profit boards and advisory boards, and has led two notable companies (Taos, acquired by IBM, and now Athena).
She is part of Nasdaq's Governance Insights Council, and is often called on to share guidance to the evolving focus and breadth of responsibility within the Modern Boardroom.
TODAY WE DISCUSS:
Challenge?
Why is this important to the company?
Rick’s Nuggets
How do we solve the problem?
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