Ta5 Ep 202 How to Create an Advisory Board For Yourself

In this episode: Many businesses have an advisory board. Many small businesses should have one but don’t. In this episode we expand the idea of an advisory board to include setting up one for yourself. You’ve got questions. We’ve got answers. Let’s figure out how you can go about setting up an advisory board for yourself. You'll be surprised at what you can learn by crystallizing your own thinking and asking good questions. You'll benefit from the accountability. You'll learn by hearing great ideas from serious people. Questions we cover in this episode: How many people should be on your board? What kinds of people / types do you want on your board (and who do you definitely not want on the board.) Identify the questions you’ve got for your board How often should you meet? What should the format of your meeting be? How many questions should you be considering for meeting? How should you compensate your advisory board members? What do member terms look like? How can you manage that effectively? Why do you want limited terms? What other things do you need to do to make your advisory board work for you? Links: Ten Steps to An Advisor Board by Scott Pfeiffer How to Get a Mentor Podcast. Your hosts: Phil Yanov is the Founder and Lead Community Organizer of Tech After Five. Scott Pfeiffer helps entrepreneurs succeed and partnerships thrive @ Mind Your Own Business.