Board Advisory
Whether you’re a new business looking for guidance or a more established firm looking for a second opinion, the right advisory board can make the difference between growth and stagnation.
Even though they’re unofficial, a trusted advisory board with a deep understanding of your organisation can give sound strategic advice and qualified insights tailored to your business.
The right advisors will sharpen your management team’s ability to:
- Solve management challenges efficiently.
- Prevent potential threats to business performance.
- Foster sustainable business growth frameworks.
- Innovate for enhanced business performance.
- Evaluate and optimise business operations.
These benefits, in turn, carry over to all aspects of your organisation, whether hitting KPIs, boosting company valuation, or streamlining operations.
Are you and your team looking for a new perspective on your organisation’s challenges?
Entreverve has helped entrepreneurs, businesses, and management teams make the right decisions to solve operational challenges, assess resource allocation, and drive sustainable growth.
An Advisory Board is a team of professionals who have the capability of advising an organisation or a business owner on how to improve the performance of the business. Advisory boards are unofficial, meaning that they are not the same as the board of directors. Their work is just to advise the management unlike the board of directors who have authority and responsibilities to make some changes in an organisation. New businesses prefer to have an advisory board in their midst with an aim of gaining more knowledge and experience on how to grow.Advisory boards have different functions but the main function is to offer advisory services to the firm’s management. During general meetings, these boards can offer guidance towards quality improvement, strategic directions and also can opt to assess the effectiveness of some programs within the firm. This is the reason why many upcoming businesses choose to have a board of advisors so that they can have an effective control of their activities. Key functions of advisory boards. ● Providing solutions to issues raised by the organisation management. ● Identifying any possible situation that can negatively affect business performance. ● Encourage the establishment of frameworks that can sustain and ensure the growth of the business. ● Coming up with new ideas that improve the performance of the business. ● Assessing different business operations.
Are you a team of entrepreneurs or a profit-making organisation? At some point, you may need a business advisor for your regular activities. Often the ‘sooner the better’, however you will know when the time is right. Working on the business rather than in the business gives a different perspective. When you are ready to reach out for help – Contact us.