Multiply Your Abilities with a Dedicated Business Advisor Group
Even as an entrepreneur you should not try to go it alone when starting or running your business. We all have expertise in some areas and we all have areas where we lack knowledge. Rely on the power of community from a Business Advisor Group to strengthen your weak spots.
”Having a Business Advisor Group is like having extra brains available to help with strategic thinking and alternative solutions.” - Cathy Lindemann, WISe Business Coach in Residence
A Business Advisor Group is a team of professionals you choose to work with in order to build your business. This team is made up of experts from finance, regulatory, legal, operations, communications, etc. and they compensate for areas where you lack expertise. Their role is to provide strategic insights to help you develop plans and solutions when you face unexpected obstacles.
A Business Advisor Group may sound like a Board of Directors, but it is very different. A Board looks out for the interests of the shareholders. They hire (and fire) the CEO or general manager. They establish policies for management and set direction for future endeavors. It is not the board’s role to offer insights or solutions to day-to-day management moments.
To develop a Business Advisor Group, list the business areas you need expert advice on. Then reach out to your network and ask for recommendations of professionals willing to share their knowledge with you, most likely in a paid position. You can also hire an Advisor Group from one of the many existing Business Advisor Groups available.
Stop relying on yourself for everything. Create a Business Advisory Group and expand your knowledge through this community of experts focused on you and your business.
Book a one-hour business coaching session with Cathy here.
Cathy Lindemann is the WISe Business Coach in Residence, President of Evolution Creative Solutions and on the Steering Committee for WBENC Ohio River Valley and Founding Member of WISe Wellness Guild. Cathy specializes in helping small businesses become "unstuck" for immediate growth and supporting strategic growth through WISe partnerships. Connect with Cathy on LinkedIn at linkedin.com/in/cathylindemann.