Small Business in a Big World

July 22, 2010

The Importance of Board Of Advisors in Small Business

Filed under: Uncategorized — itbiznez @ 2:43 am
Tags: ,

‘[tweetmeme source=”lone_biz_owner” only_single=false]’ We can easily blame it all to the owner of small business if all else fail. Small business may be too demanding that it requires focus, attention and constant update, if these were not satisfied, you can’t be able to stay afloat.

The biggest problem for solopreneur established business is that, it fails to make a tunnel vision. Because of the multiple roles they’re playing, they simply can’t get on the focus, on the main idea of the business.

The best solution for this problem is for the entrepreneur to establish a Board of Advisors. In small business, this is important because Board Advisors can help bring a unique perspective. They will be tasked to provide their own independent and outside perspective.

If you have a Board of Advisors, you can get out of the trap of wearing too many hats. But of course, you must consider picking people with professional experience with intelligent and informed opinion, otherwise, you can’t come up with the best deal for your small business.

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