ANCHORAGE, Alaska, Oct. 17, 2015 /PRNewswire/ -- In today's rapidly changing and highly competitive marketplace, many privately held companies are creating outside advisory boards to give owners and CEOs fresh, knowledgeable advice.
Even for small businesses, setting up an advisory board can give you a significant advantage over competitors that are relying solely on internal talent. An experienced and well-connected board of advisors can help your business grow and prosper in ways you've never imagined.
Serial entrepreneur and business growth coach Eric Graham recently published and in-depth article where he shares the benefits, advantages, and pitfalls of creating your own board.
One common pitfall Eric cautions against is appointing friends and family to your advisory board.
"Another reason to avoid asking family or friends to join your board is lack of objectivity," Graham warns. "Often advice from a friend, family member or management insider is sugar coated to protect relationships. An outside advisor can give you a much more objective and honest assessment of the situation."
Here are just a few of the important topics Eric Graham covers this informative guide titled, "Why Your Business Needs a Board of Advisors (and How to Build One!)"
- Steps to Creating an Effective Board of Advisors
- How to Recruit Candidates
- Key Questions to Ask Prospective Candidates
- Affordable Board Compensation
- Keys to Maximizing Board Effectiveness
- And much more...
For more on the Why Your Business Needs a Board of Advisors (and How to Build One), read Eric's complete guide here:
A valued member on multiple advisory boards, Eric Graham is a life-long serial entrepreneur, investor, speaker and coach who helps other entrepreneurs experience rapid, exponential growth in their businesses.
To learn more about how Eric Graham creates massive value and growth in his own, and his clients businesses," visit http://EricGraham.org
SOURCE Eric Graham