In the ever-dynamic world of business, change is an inevitable constant. From shifts in market trends and consumer behavior to rapid technological advancements, companies must constantly adapt and pivot to stay competitive and relevant.
The governance and operation of advisory boards stand at the intersection of strategy, leadership, and legality. The legal aspects, while not always the first thing that comes to mind when considering advisory boards, form a foundational pillar that governs their establishment, functioning, and even dissolution.
You need expert advice but can’t justify the cost of a full-time board member. Enter the world of fractional board members. These are highly skilled professionals who offer their expertise to multiple companies, often on a part-time basis.
Effective communication is crucial for success in any business venture, but it’s especially important for advisory boards. When communication breaks down, it can lead to misunderstandings, missed opportunities, and ultimately, failure. Unfortunately, poor communication is a common problem on many advisory boards. By identifying communication challenges and implementing strategies to overcome them, board members can work together more effectively and achieve their goals.
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.
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.
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:
Unless you are a lifestyle business, you want to scale – a little or exponentially. Many business owners do not know they need to put systems in place to have repetitive sales, retention of employees and tracking their billing. Why do you need to have a system, and not just any system, but a process-driven one? A step-by-step system allows
What the company does? Sandi Webster LLC coaches small business owners to form advisory boards that help scale their businesses with a focus on increasing EBITDA towards a successful exit. Business owners learn the difference between a board of directors and an advisory board through an online course or one-on-one coaching. The Current Landscape In the current pandemic business landscape,
In 2009, my business partner and I wrote our book because we were on the speaking circuit as successful business owners. We got asked the same questions all the time, and frankly, it became boring as our responses became canned. It was an Uh Ah moment for us. Many business owners were becoming authors for this reason – it’s a
