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.
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.
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- Posted in Advisory Board, Mentoring
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.
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- Posted in Business, Business Marketing, Mentoring
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.
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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!
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- Posted in Life, Mentoring, Vision Board
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
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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 does success mean to you? Does it involve money? Job title? How well you marry? The car you drive? Just keeping your business afloat another year? To whom do you compare your success to know whether or not you’re successful? To your current peers? To your family members? People with whom you went to school? I define success based
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- Posted in Advisory Board, Business, Mentoring
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,