#41 - How to Build an Advisory Board & Executive Team That Scales Your Business Beyond 7 Figures

What’s the difference between a business coach and an advisor—and when is it time to build your executive team? In this episode of Millions Were Made, host Jessica Marx is joined by her Chief Integration Strategist, Brooke Dumas, to unpack the leadership strategies that drive profitable, scalable growth for high-level entrepreneurs. Whether you're preparing for rapid expansion or feeling stretched as a founder, this conversation breaks down the key roles every growing business needs—from fractional CFOs to strategic advisors—and how to avoid common hiring mistakes that can slow your momentum. Jessica and Brooke share a data-driven, real-world approach to: Structuring your leadership team Avoiding premature promotions Making smarter decisions about when (and who) to hire If you’re serious about scaling your business sustainably, building the right advisory board could be your next power move. What You’ll Learn in This Episode: (01:19) The difference between business coaches and business advisors—and why that distinction matters for your growth. (03:23) How strategic advisors help optimize profitability and reduce founder dependency. (05:10) Why staying ahead of industry trends is critical in today’s business landscape. (07:29) The problem with one-size-fits-all advice—and why tailored strategies are essential. (09:28) Why mass coaching programs often fall short for scaling businesses. (12:01) A step-by-step guide to hiring executive leadership: CFO, COO, CMO, and more. (14:56) The risks of promoting internal team members to executive roles too soon. (18:46) How to vet potential business advisors and ensure they can deliver real results. (20:22) The most important questions to ask when hiring key leaders or consultants. Links Mentioned: Work with Jessica: tailoredpremier.com Website: Millions Were Made Instagram: @millionsweremade | @thejessicamarx Connect with Jessica: Instagram: @thejessicamarx Website: tailoredpremier.com