Maximize Your Advisor’s Help With This One Unexpected Twist

advisors

Pages of books, articles and blog posts encourage you to create a set of advisors – just don’t screw it up. Call them mentors. Call them advisors. Call them business friends. These are the people you reach out to when you are in a quandary regarding an issue that you are struggling with. This group can be a very organized advisor group (meet regularly as a group) or they can be an ad hoc resource called upon in the moment. Every one of us has one of these quandaries that you just cant quite seem to get a good handle on. What kind of role can a good advisor play? How about: Identify your business “blind spots” and help you manage them Make critical introductions to investors, future employees & customers Offer actionable advice on hiring/firing Provide insights (from experience) on “around the corner” issues. The best founders have created this advisor group and there a ton of great resources to draw up on for identifying, developing and utilizing a set of advisors. A few of the key points to understand about a good advisor: They should be compensated (small amount of equity) You need to set and continually manage

Continue Reading

Site Footer