Advisory Boards- How, When and Why?

Advisory Boards- How, When and Why?

Advisory Boards. We know there's strength in numbers, but how to put that power to good use and not hurt anyone's feelings? This cafe is a place to discuss your experiences/practices with creating or running an effective advisory board for your business. Join in- leave your ideas or take one when you need one. We're in this together.

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  • I've sat on many boards and been part of a peer group for many years, so I know advisory boards are a great tool.  The question is who do you include and when to start it?

    Charmed Life Cards is evolving and it would be so meaningful to have others weigh in on the direction I'm taking.  At first I thought I wanted all biz tips representing the important disciplines: marketing, sales, accounting, legal to run ideas buy.  It make sense for those subject matter experts to also be in my target market, baby boomer women, but I worry I'd get muddled advice. 

    Also, I'm hesistant to form the board until I have most decisions, strategies, models in place so as not to waste anyone's time. However, on the other hand, I'm sure I'm missing some critical things because I'm essentially talking myself into stuff.

    I need my board to help me priorize management and operations issues (i.e. which comes first: proof of concept samples/sales or picking a business entity), grapple with the right marketing stance (i.e.  what's a better word than mature or boomer ) and generally keep me on the path ( bright shiny ideas tend to distract me).  Is that possible in a small group of 5-7?  You tell me.

    Just so you know, I think of STS as my large advisory board.  The women here have been kind and generous to a fault, and I hope I've been the same.  If you have any ideas who might make a good advisory member for a fledgling greeting card publisher, or want to help out yourself, I'd love to hear from you.

    Many thanks!


    __________________

    Dina Lynch Eisenberg

    Dina@thismarriagething.com

    CEO and Chief Yoomer, Charmed Life Cards

    Publisher, ThisMarriagething.com

    Marriage. Midlife. Design Your Best Life Now

    Wanna Follow Me?  @CuriousDina


  • Hi Dina,

    I just joined Savor the Success and found this cafe. It certainly focused on one of my favorite topics - mastermind groups. 

    You wrote...

    "I need my board to help me priorize management and operations issues (i.e. which comes first: proof of concept samples/sales or picking a business entity), grapple with the right marketing stance (i.e.  what's a better word than mature or boomer ) and generally keep me on the path ( bright shiny ideas tend to distract me).  Is that possible in a small group of 5-7?  You tell me."

    Dina,  Are you looking to create a group where the focus is solely on you or are you looking to create a group where each member has opportunity to learn and grow because of the collective energy of the group? 

    My answer will differ slightly based on your response.

    Looking forward to connecting!

    Terry Wildemann


    Terry Wildemann
    Winds of Change Professional Development and Wellness Center
    CEO, Certified Executive Coach
    438 East Main Road and Forest Ave.
    Suite 202
    Middletown, RI 02842
    401-849-5900
    Success@WindsofChange.biz
    http://www.WindsofChange.biz

  • Hi Terri,

    First, welcome.  This group of women is very encouraging and helpful.  I want a board to focus on my individual company.  I was a member of what's now called a mastermind group for years and reaped many friends and a big boost to my business.  I use STS and other online groups for that now.  What I really need is expertise and attention  on my current biz.  Hope that helps. D


    __________________

    Dina Lynch Eisenberg

    Dina@thismarriagething.com

    CEO and Chief Yoomer, Charmed Life Cards

    Publisher, ThisMarriagething.com

    Marriage. Midlife. Design Your Best Life Now

    Wanna Follow Me?  @CuriousDina


  • Dina,

    I see you are in Boston, i"m in Newport. Any chance you come this way and we can chat?

    Terry

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