Your company may already have highly structured and recurrent meetings of a Board of Advisors.  If so, you are already making use of one the most powerful resources a seasoned Management Team could ever use. The largest corporations in the world strive to match their company's culture with the right outside group of individuals to lure them into actively participating as advisors. Highly reputable corporations strive to bring other companies' CEOs, Top Executives and Professional Advisors from all types of industries and backgrounds to share their knowledge and insight for the betterment of the corporation. Advisory Boards  need, from time to time,  structure evaluations. As your market shifts and innovations become predominant within an industry, the makeup of your Board of Advisors must also include individuals whose raw abilities and experience parallel the problem-solving skills needed to face these challenges.

If your company's version of the Board of Advisors is rather a leisurely-structured meeting of just the Top Management that mostly takes place when a problem or issue needs to be addressed.... well, that is not really a Board of Advisors.   While unbeknown to some, strong Advisory Boards are comprised not just of your Management Team but also outside talent.  At first, it may seem like a hard task to entice accomplished executives that are currently working at other corporations to join your Board. These "assets" may or may not work in a related industry, the key is to positively attract individuals to become enthusiastic and commit to your structured Board of Advisors. Establishing a mature and well structured Board of Advisors is a laborious task. Nonetheless, establishing a Board of Advisors, no matter how incipient or basic its initial structure is, it is an incredibly valuable tool that leads to resolving issues, maximize current opportunities and brainstorm new avenues for growth.

All companies should embrace establishing a Board of Advisors if one is not in place yet.  The sooner you start, the easier it would be to grow your company and the quality of its board along with it.

Albridge BDG, Inc offers services to evaluate and help you restructure your existing Board of Advisors if so is needed. Also, we can guide most type of companies from startups, small size family-run companies and even some medium size companies, if needed, to create the foundations and procedures to establish their own Board of Advisors to start reaping benefits for all aspects of their business.