Everything you need to know about how professional advisory boards work to deliver dramatic improvements in small and mid-market business performance.
We live in a world were volatility, uncertainty, complexity and ambiguity are now a permanent business condition, forcing business leaders to ask how much they really know about a situation, and how well they can predict the results of their actions.
In the search for answers, today's directors, business owners and managers frequently find themselves confronted by problems outside their day-to-day areas of expertise. This is the new reality.
Small and medium enterprises (SME) with Professional Advisory Boards perform better in terms of sales, productivity and profitability. Independent research into SME advisory boards by BDC found:
SME revenue grew 67% in the three years after establishing an advisory board, compared with 23% growth in the three years prior
SME productivity increased 5.9% in the three years after engaging an advisory board, compared with 3.2% in the three years before
Over a 10 year period, companies with advisory boards reported sales 24% higher than companies without 86% of SME business leaders said their advisory board had a significant impact on the success of their business
When best practice is followed in establishing and managing a professional advisory board, the business develop new ideas, makes better decisions and avoid costly mistakes. Its this combination of informed moves that significantly increases the probability of success.
Introduction to Professional Advisory Boards
Faraday & Company have mastered the process of establishing and managing advisory boards that dramatically improve small and mid-market business performance.
What is it?
A practical workshop to give you the knowledge you need to start a high-performance advisory board capable of solving your strategy, organisation and ownership problems.
How does it work?
A two-hour public, private or on-line workshop which provides participants with
An understanding of the difference between governance and advisory boards
Best practice in establishing and operating an advisory board
A proven framework for engaging advisers who can understand and solve inter-related strategy, organisation and ownership problems
The tools to measure Advisory Board performance
Research shows small and medium enterprises with advisory boards consistently outperform those without. Professional advisory boards are an untapped resource for businesses in start-up, embarking on growth, navigating change or planning for exit or inter-generational succession.
Who should attend?
Directors, business owners and managers of small and mid-market businesses with revenue up to $100m revenue.
Course Fee: $100+GST
Course Dates: May and June 2020 course dates to be published shortly.
More information: firstname.lastname@example.org
For more information contact
Craig Richardson, Director
Phone +64 2199 1873
Henry Lynch, Director
Phone +64 274 974 993
About Faraday & Company
Faraday & Company specialise in establishing and managing professional advisory boards small and mid-market companies in Australia and New Zealand. Visit www.faraday.company