The Value of GETTING Good Advice

If you believe in the value of advice, then it makes sense to believe in the value of getting advice for yourself – or rather, for your business.

Nearly every small business can benefit from having a robust governance structure providing strategic input (and insight), additional skills, accountability and excellent risk management functions. The step from being a small practice run entirely by the Principal to requiring a full governance structure is a large one.There is however an excellent interim step: forming an Advisory Board.An Advisory Board can provide many of the benefits of a great governance structure, but at a much lower cost and with full autonomy for the Principal of a practice being retained.Related: The Two Core Functions of a Successful Future AdvisorIn this weeks video we discuss the basics of how an advisory board can be constructed, and the value of getting good advice.