Effective communication is key to the success of an advisory board. If members are not communicating effectively with each other, or if the board is not communicating effectively with the organization’s leader, the board may not perform as well as it could.
A company’s advisory board plays a critical role in strategic planning and structure and can help the business to prepare for sale. A successful, diverse board prepares the organization to go to market using different perspectives.
Dr. Sandi Webster is a serial entrepreneur, author, speaker, and mentor who helps business owners select handpicked experts for their personal and business advisory boards. She focuses on sharing the knowledge accumulated from her experiences with entrepreneurs and corporate executives through her online courses and speaking with the outcome that they will operationalize their companies to get stuff off their plates.
I’ve sat on for-profit and non-profit advisory boards over the years. Some ran like clockwork, while others did not. Typically, the ones not running correctly have one thing in common – they are failing. I’ve deduced that one of the reasons for failure is if the advisory board lacks a clear understanding of its purpose and goals, it may be challenging to provide practical advice to the organization.
Are you, business owner, feeling stuck at the same revenue level? Are you ready to quit your business because you just know you can’t take it to the next level –whatever level that is? Well, there are things that you can do to grow your business, whether it is a 25% increase in revenues or to 10x it! Here are some “we-have-proven-they-work” tips from Grant Cardone in his 10X Business Challenge, along with my common sense ones.
Whether you are a large corporation or a small two-person shop, businesses develop a culture that is usually their own or stolen from someone in the industry – and, yes, industries have culture too!
What exactly is a goal, and who sets them? Why do we have them? Can personal goals complement business goals? January is a big goal-setting month for companies because it’s the start of the year. I like to do goal-setting in December, so my goals are already finalized when the New Year starts! Let’s investigate what goals mean to us:
We are already in the third week of 2023. If you haven’t started working on your 2023 plan, you’re already behind! Here are four ways to get 2023 kicked off and plan for success
What did 2022 bring us? The NY Times has the top 22 things that happened for the first time in 2022 – I only need the ones pertinent to mankind – really, pertinent to me. Here are the NYTimes vs. Sandi top things in 2022. I’ll tell you why: Apple becomes the first company to reach a stock market value
I’ve been doing vision boards now for about fifteen years. A friend invited me to what I considered a “frou-frou” workshop, where I would use rhinestones and magazine pictures to determine what I wanted to do for the upcoming year. What did child’s play have to do with my future? What a waste of my time! But I wanted to