An Advisory Board How-To

As most entrepreneurs can attest to, getting a business up and running is a feat in and of itself. To do so, all on your own, can be an even greater challenge. That’s why putting in place an advisory board – a select few outside individuals who can help provide specialized input and counsel – often is a smart move. This article details how to do it right. Among other things: have an objective; be open to challenges; turn to a network; put it in writing; pay for the advice.