Background
Most private company owners would like to have an advisory board. But it’s often not clear how to proceed in constructing one. A variety of questions need to be addressed. How do you find a diverse, but small collection set of potential members with a broad array of functional expertise? How much time and effort will the search take? How about relevant industry (e.g. manufacturing) and specialist (e.g. bank financing) expertise? With substantial C-level experience generating practical, rather than theoretical guidance? Can the advisory board develop a coherent, pragmatic, and sustainable strategy for growing my business? And will the advisory board members be compatible and collaborative?
Concept
The Minnesota Consulting Consortium (MCC) has developed an advisory board offering that addresses all of the questions above. Three seasoned C-level executives, now focused exclusively on consulting and advisory work, have decided to offer “one-stop shopping” for a three-member board, each with broad and deep expertise in finance, operations, and sales/marketing.
MCC will provide clarity, focus, and an integrated strategy. We will do so with a holistic, aligned, and collaborative approach that can be implemented by the owner and the leadership team. A single agreement provides a cost-effective advisory board with minimal administrative effort.
To learn more, download the Advisory Board Service Overview (PDF)