What are the Roles and Responsibilities of Advisory Board Members?
Advisory board members typically: 1. Provide Guidance: Offer strategic advice on business plans, growth strategies, and operational challenges. 2. Mentor the Team: Act as mentors to the entrepreneur and key team members, providing insights and feedback. 3. Network: Leverage their network to introduce the business to potential partners, customers, and investors. 4. Review Performance: Regularly review business performance and offer feedback on how to improve.