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.
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!
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
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
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
