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Build an Advisory Board in Minutes
One phone call with AdvisoryCloud is all it takes to build an advisory board and schedule your first board meeting.
Every business and team would love to have smart people share ideas that helped them overcome challenges and reach their goals faster. So why doesn’t everyone have an advisory board? Here we explore some of the reasons and how AdvisoryCloud makes it incredibly simple for everyone to have an advisory board…
Who do you ask, how much do you pay them?
Historically you ask people you know, investors, or someone you think could help. But there’s still the question of how do you pay them that makes everything awkward and a months long process to complete. With AdvisoryCloud, you immediately have access to 10,000+ executives looking to be an advisor and get board experience. Plus, you don’t have to pay them anything - they want to be able to add board work to their resume and get exposed to interesting businesses and people.
Do you use recruiters to find people?
Only bigger private companies and public companies do this, as it can cost anywhere from 20-40% of their salary. And they are often only picking public company executives, and there are so many more qualified professionals out there who’d love to share their input at no cost.
How do I pick the right 5-10 people?
You don’t. With AdvisoryCloud your advisory board can have anywhere from 5-50,000 people on it, the bigger your advisory board, the more advocates and ideas for your business. And diversity of ideas is really valuable. There is just no way a 5-10 person advisory board can have that. You want hundreds of different aged people, different stages of life, different genders, different locations, races and viewpoints.
What should we cover in the quarterly board meetings?
What is your current biggest challenge? What is your goal for the quarter? Keep your topic focused, otherwise you’ll get advice on too broad of topics. You’ll also have an AdvisoryCloud moderator on each quarterly board meeting who will arrange live speakers to chat with you and provide fresh ideas and viewpoint.
How do I effectively manage the board?
Historically this has been a lot of work, but not on AdvisoryCloud. Our platform manages it all for you, plus you’ll have a dedicated person at AdvisoryCloud who can help with anything along the way.
One call is all it takes to set up an advisory board on AdvisoryCloud. Start yours today.