Program outcomes
In a nutshell, establishing an advisory board is about: committing time to working on the business, not just in the business; assembling your trusted experts (who you probably already rely on); reaping the benefits of having this breadth and depth of expertise in the same room; and following a proven process that aims to ensure you remain accountable and successful in all your aims and commitments.
An advisory board is where all your trusted advisers are together in the one room on a regular basis and are strategically focused to help you achieve your ‘big picture’. Kind of like a ‘think tank’ or a ‘task force’, where the reasoning, wide ranging experience and intuition of all parties are combined to discuss your vision, weigh up the resulting obstacles and opportunities, agree on a plan of action and monitor your progress.
The personal benefits of an advisory board is the expansion of your thinking and knowledge, confidence through considered deliberation of issues and their consequences, educated decision making and enhanced accountability driven by the knowledge that other people are investing their time in the success of your business.
The challenge is: exactly how do you assemble and manage a team that will engage in a non-competitive and co-operative exchange of the information and ideas for the benefit of the practice owner and his/her business?
Perhaps the most efficient, effective and objective way to establish an advisory board is to engage a neutral third party who is trained and experienced in the requirements and procedures of this specialised task force.
Big Picture Thinking can assist you in developing and/or participating in your advisory board so that it serves as a powerful driving force for your business, providing an environment where a free exchange of ideas is encouraged but controlled. We can also assist you in the assembly and maintenance of your advisory board, identifying any obvious gaps in expertise and recommending new panel members with the skills, knowledge, and experience complementary to the existing advisory board members.
The end result is a customised advisory board tailored to address both the strategic and tactical needs and goals of your business.