A good advisory board is one of the highest-leverage things a growing SME can build, and one of the most misunderstood. It's not about titles. It's about getting experienced eyes on the decisions that matter before you make them.
Who belongs on it
- Someone who has scaled a business in your sector.
- Someone strong where you're weak, usually finance or sales.
- Someone who will tell you the truth, not just what you want to hear.
Meet regularly, come prepared, and act on the advice. An advisory board that earns its seat pays for itself many times over, in mistakes avoided and doors opened.
