The Benefits of an Advisory Board

Being an entrepreneur or small business can feel lonely and confusing at times. That is where an advisory board comes in, to advise and bounce ideas off to better your business.

112

Advice: A board can challenge your perspective, and offer alternative views — even if it’s not always what you want to hear.

Networking: With their industry connections, members of your advisory board can give you access to advice from top experts in their respective fields.

Influence: As influencers in their industries and business communities, members network with fellow influencers and can boost your brand.

Funding Support: A board increases the odds of getting funding by helping you make smart decisions and by helping you connect with qualified potential investors.

Want some more guidance? Read our advice on how to create your advisory board.

This article is from the October/November 2019 issue of Douglas.