Why have an Advisory Board?
Trying to build or grow a business on your own is tough. Whether your business is a start-up or established industry leader, having access to high-quality advice can improve an organisation's chances of success.
Situations when an advisory board may be beneficial include (but are not limited to):
Guiding start-up companies in a rapid growth phase
Companies seeking to take their business to the next level and grow their revenue
Creating a new product or service
Expanding or moving into a new market segment or industry
Moving into a new geographic area
Making a transition from a private to public company
Restructuring /repositioning company in the market
Implementing major new technology within an organisation
Improving your competitive edge in the marketplace
What are the benefits of having an Advisory Board?
According to the Australian Institute of Company Directors, there are many benefits to having an Advisory Board including (but not limited to):
Being able to draw on the knowledge, skills and expertise of people who have practical experience in the business or strategies of like industry organisations
Enhance your organisation's reputation and credibility in the marketplace
Increase consumer and investor confidence, and
For family businesses, having an Advisory Board can be a way of testing the quality of contribution that can be made by external parties.
How does the Program work?
Your Virtual Advisory Board is a 12-month intensive business development program that provides you with access to your own dedicated high-level support team who will:
Provide fresh insights and thinking on emerging or unfamiliar issues
Respond to your ideas and play devil's advocate where required
Provide wise counsel on issues raised
Provide high-quality objective advice, guidance and support
Monitor business performance, holding you accountable for your targets and KPI's
The program kicks off with a 1-day intensive strategy session to define your strategy and goals for the year. We then select your Business Coach and Virtual Advisory Board members based on your specific business needs.
Each month you work with your Business Coach, and each quarter you will meet with your virtual advisory board.
In addition, you will attend intensive business development boot camps with other business owners in the program and have the option of attending a 3-day business Development and networking retreat and various networking events throughout the year.
After the initial 12 months, you can graduate from the program. Renew for another year with the same advisory board or opt for a new board depending on your business needs at the time.
THE YOUR VIRTUAL ADVISORY BOARD BUSINESS DEVELOPMENT PROGRAM INCLUDES:
Onboarding & Strategy Development
Program onboarding with 1 Day strategy session to develop your strategy for the year, define goals, objectives, set KPI's and select Advisory Board members.
Monthly Coaching Calls
Monthly 1-hour coaching calls with your dedicated Business Coach.
Quarterly Virtual Advisory Board Meetings
Quarterly 'Board' meeting with your dedicated Advisory Board selected to meet your specific needs (meetings conducted via zoom)
3 x 1-day intensive Business Development Bootcamps
Monthly webinars / lunch n learns
Monthly webinars/lunch n learn seminars with subject matter experts on key topics of interest.
Monthly Networking Events
Monthly virtual and face to face (where possible) networking events to build and foster connections with other business owners / managers in the program
Online Training Portal
Access to dedicated online training portal and suite of personal and professional development training for you and your team members
Business Development Toolkit
Business Development Toolkit and resources to help you grow your business
Listing in our Business Directory
Free listing in our business directory and your business showcased in our newsletters and social media platforms
Industry discounts are available through our preferred supplier network
Complimentary session with another expert
1 complimentary 1-hour session with another expert of your choice who is not a member of your Virtual Advisory Board.
Plus: 10% discount for additional sessions
Optional Annual Retreat
Invitation to attend our optional Annual Business Development and networking retreat.