5 Ways an Advisory Board Can Help Your Startup Accelerate
•Download as PPTX, PDF•
1 like•570 views
Advisory boards can provide startup founders with insight, suggestions, and a sounding board. They help fill gaps in the founders' experience and expertise through their different functional backgrounds. Advisory board members can also help founders connect with potential customers through warm introductions. Advisors will tell founders when they are heading down the wrong path and help them avoid mistakes or figure out how to clean up any messes. Working with an advisory board gives founders practice for eventually working with a board of directors.
Report
Share
Report
Share
Recommended
Learning from the Right Advisors is Like Getting a Second MBA
The document discusses the importance and benefits of entrepreneurs building advisory boards. It recommends that entrepreneurs seek advisors with complementary expertise to supplement their own knowledge. The best advisors are those who know more than the entrepreneur and can act as a sounding board. Advisory boards provide guidance and insights, especially during the early proof of concept and seed stages of a company. The document provides tips on how to effectively work with an advisory board through clear communication, respecting advisors' time, and keeping them informed of company progress.
Advisory boards for business leaders
A paper written from the thoughts of business leaders Frank Wyatt has worked with in Business Roundtables
Practical Advice from Community Association Management Professionals
Managers should not take negative feedback personally and should share knowledge within their company instead of relying on one individual. While saving money initially, hiring consultants can help save more in the long run and produce better results. Board drama should be avoided and treating all parties with respect can turn opponents into allies. To prevent burnout, managers should not work more than 40 hours per week and take time to rest. Giving back to the community through teamwork and reputation building is also advised.
Consultancy agency
Know how to choose the consultancy agency for your business. Get Certification and score your business in the market to its best.
Terry Clancy 8 Page Brochure
Terry Clancy is an experienced speaker, trainer, and author who specializes in ethics training for the insurance industry. He is the owner of Clancy Seminar Services, which offers various seminar series on topics like employee development, small business skills, and continuing education for insurance professionals. Clancy has over 20 years of experience in public speaking and training. Testimonials praise his ability to make learning fun and informative.
Avoiding the annual meeting from hell
Any association could face this challenge: when your membership is upset with a pending action, and out for blood at the annual meeting. Avoid the pain with these simple tips.
Defining your management company
Community Association Management companies (Condos, Townhomes, and HOAs) often struggle to increase profitability. This slide deck explains how management of your client portfolio can help increase profits.
This presentation is an excerpt of the CAM Profitability Conference, an educational half-day traveling seminar, and was originally presented in 2014 at the CAMfire Conference in Las Vegas, NV. The presenters were Jeff Hardy, Founder and Chairman of TOPS Software, and Craig Huntington, President of Alliance Association Bank, both of whom are founding members of the CAM Profitability Conference.
Seduce your prospects: Using emotion to evoke a loving response and get assoc...
This document provides tips for management companies to use emotional appeals to get association boards to sign contracts. It discusses how people are naturally biased and motivated by emotions like greed, fear, altruism, pride, envy, and shame. It gives examples of how management companies can frame their offerings and messaging to appeal to these emotions, such as offering a fee waiver to appeal to greed, limiting availability to create fear of missing out, or highlighting environmental benefits to appeal to altruism. The document advises researching prospective client communities to understand their pain points and which emotions would be most motivating. The overall goal is to help associations "fall in love" with the management company without using direct sales tactics.
Recommended
Learning from the Right Advisors is Like Getting a Second MBA
The document discusses the importance and benefits of entrepreneurs building advisory boards. It recommends that entrepreneurs seek advisors with complementary expertise to supplement their own knowledge. The best advisors are those who know more than the entrepreneur and can act as a sounding board. Advisory boards provide guidance and insights, especially during the early proof of concept and seed stages of a company. The document provides tips on how to effectively work with an advisory board through clear communication, respecting advisors' time, and keeping them informed of company progress.
Advisory boards for business leaders
A paper written from the thoughts of business leaders Frank Wyatt has worked with in Business Roundtables
Practical Advice from Community Association Management Professionals
Managers should not take negative feedback personally and should share knowledge within their company instead of relying on one individual. While saving money initially, hiring consultants can help save more in the long run and produce better results. Board drama should be avoided and treating all parties with respect can turn opponents into allies. To prevent burnout, managers should not work more than 40 hours per week and take time to rest. Giving back to the community through teamwork and reputation building is also advised.
Consultancy agency
Know how to choose the consultancy agency for your business. Get Certification and score your business in the market to its best.
Terry Clancy 8 Page Brochure
Terry Clancy is an experienced speaker, trainer, and author who specializes in ethics training for the insurance industry. He is the owner of Clancy Seminar Services, which offers various seminar series on topics like employee development, small business skills, and continuing education for insurance professionals. Clancy has over 20 years of experience in public speaking and training. Testimonials praise his ability to make learning fun and informative.
Avoiding the annual meeting from hell
Any association could face this challenge: when your membership is upset with a pending action, and out for blood at the annual meeting. Avoid the pain with these simple tips.
Defining your management company
Community Association Management companies (Condos, Townhomes, and HOAs) often struggle to increase profitability. This slide deck explains how management of your client portfolio can help increase profits.
This presentation is an excerpt of the CAM Profitability Conference, an educational half-day traveling seminar, and was originally presented in 2014 at the CAMfire Conference in Las Vegas, NV. The presenters were Jeff Hardy, Founder and Chairman of TOPS Software, and Craig Huntington, President of Alliance Association Bank, both of whom are founding members of the CAM Profitability Conference.
Seduce your prospects: Using emotion to evoke a loving response and get assoc...
This document provides tips for management companies to use emotional appeals to get association boards to sign contracts. It discusses how people are naturally biased and motivated by emotions like greed, fear, altruism, pride, envy, and shame. It gives examples of how management companies can frame their offerings and messaging to appeal to these emotions, such as offering a fee waiver to appeal to greed, limiting availability to create fear of missing out, or highlighting environmental benefits to appeal to altruism. The document advises researching prospective client communities to understand their pain points and which emotions would be most motivating. The overall goal is to help associations "fall in love" with the management company without using direct sales tactics.
5 reasons we love memberships
There are countless benefits of moving your business to the membership model. In these slides we look at the 5 most compelling reasons for incorporating membership into your business.
Looking for a new path to carve out?
TAB franchises provide business owners with strategic advice from other experienced business owners through a peer advisory board model. TAB franchise owners benefit from this model by earning a consistent revenue stream from client fees and achieving an excellent work/life balance. TAB seeks franchise owners with 7+ years of business experience who want to help other business owners while growing their own income and business skills.
Strengths
Building a business that matches your strengths is desired - but not easily achieved. This short workshop helps you gain focus on what it takes to be an entrepreneur. Strengths and weaknesses are given a new definition courtesy of Marcus Buckingham
Being TOPS - Culture Deck
Company culture is the personality of a company and defines what a company is like to work for. Being “TOPS” is what we believe and value – it’s who we strive to be and what we look for in each other. This is our company culture deck.
Learn more about TOPS Software at http://www.topssoft.com
Financial adviser businesses have long term growth challenges - we diagnose a...
Financial adviser businesses have long term growth challenges - we diagnose a...Chatswood Consulting Limited
The document discusses challenges facing financial advisers and insurers in building long-term relationships. It finds that business valuations for advisers are disorganized and do not support long-term relationships. Both advisers and insurers say they prioritize quality, long-term partnerships, and business value, but their actions focus on short-term sales goals. The document also outlines challenges such as low brand loyalty and agent attrition that the industry faces. It proposes solutions like helping advisers develop professional teams and systems through coaching and shared platforms.Be TOPS: Culture Deck
TOPS Software's corporate culture deck. This is the deck we use for new employee orientation. Our corporate culture is deliberate and aspiration. We hope all of our employees will fall in love with the community association management industry!
Start a Business
This document provides guidance for starting a business in Illinois. It outlines key decisions that must be made such as determining the business's purpose and unique selling proposition. Advice is given around creating a business plan, identifying available resources for help, and other logistical considerations like hiring staff, business registration type, financing options, and location. Business owners are directed to organizations like the Small Business Development Centers and SBA for assistance in establishing their plan.
The Power of Networking
MFA is a regional CPA firm founded in 1982 with eleven partners located in Tewksbury, MA. The firm provides audit, tax, valuation and consulting services throughout New England and is a member of the BDO Seidman Alliance. The presentation discusses the importance of networking for developing new business and expanding existing client relationships. It provides tips for an effective networking plan, such as setting goals, meeting new people, giving and asking for referrals, staying in contact, and getting involved locally. Potential pitfalls like underestimating capabilities are also addressed.
Why reputation management is important to your membership organisation
Why reputation management matters to membership based organisations and how to improve it through a better communications strategy
If You Build it They Will Come: Adopting Inbound Marketing in Property Manage...
An overview of Inbound Marketing and how to adopt it in your community association management company.
We Built a Community, So Can You (IndieCade East 2014)
This document provides advice for building a community organization like Dames Making Games in Toronto. It discusses starting with a core group to gauge interest, partnering with a consistent meeting space, establishing goals and values, and providing opportunities for members to develop leadership skills over time. The document emphasizes talking to potential members to understand their needs, maintaining accessibility for both new and established participants, and developing sustainable funding and workloads that avoid burnout.
5 Things to Know About Customer Buying Decisions
B2B customers make buying decisions based on their own best interests and criteria. Entrepreneurs must understand the customer's true decision factors, which are influenced by multiple people and departments within an organization. Timing is also important as budgets can accelerate or delay purchases. Value is prioritized over price, so startups must demonstrate clear benefits rather than just offering commodity solutions.
Sometimes Firing a Customer is a Good Idea
This document discusses when and how a company should fire a problematic customer. It provides signs that a customer needs to be let go, such as if they engage in illegal activity, unethical behavior, mistreat employees, only value price over quality, or don't pay. It recommends a 4-step process to try repairing the relationship first by having an open discussion, determining if employees want to keep the customer and how, defining steps to improve the relationship, and planning for termination if needed. The goal is to thoughtfully address issues and terminate respectfully if repair is not possible.
Ask these 3 questions
To understand customer pain points and needs, startup founders should ask questions of functional managers, sales and customer service teams, and individual customers. Specifically, founders should ask what problems customers want solved, what customers would change about their business if they could, and what customers want to do but can't currently. By understanding customer pain and vision, founders can build technologies that truly solve problems customers are willing to pay for.
In Entrepreneurship, Cash Rules
The document provides 11 tips for managing cash flow as a startup: 1) Improve cash flow by taking in more money than spending until revenue grows; 2) Avoid unnecessary financial commitments when cash is low by leasing instead of buying and bartering when possible; 3) Treat variable costs carefully as the founders are personally funding the business; 4) Share office space or work from an incubator to reduce costs; 5) Buy used office equipment when purchases are necessary; 6) Extend the life of technology by 6 months; 7) Partner with local schools for free student interns; 8) Regularly renegotiate service fees; 9) Hold virtual meetings instead of traveling; 10) Seek providers experienced with startups;
5 Tips for Building The Right Board
The document discusses the importance of building an engaged board of directors for a company. It notes that as a founder without outside investors, you have flexibility to choose advisory board members, but should consider individuals beyond just friends and family who can provide skills and relationships. Once outside funding is received, investor documents may require board seats for investors. Properly establishing a board is important as boards have legal responsibilities including fiduciary duties of care and loyalty to act in the company's best interests. Outstanding entrepreneurs recognize that the right board can be advocates and leverage their connections to help accelerate company growth.
6 Things Early Stage Investors Want To See
Early stage investors seek evidence of customer validation through direct engagement with potential customers to understand their problems. They also look for market validation in terms of a defined customer population and distribution channels. Investors want to see that prior due diligence has been completed and that other investors have expressed interest. The entrepreneur should have skin in the game through full-time commitment and personal investment, while patented intellectual property helps mitigate risks. Most importantly, investors want coachable founders who are passionate and experienced, yet open to advice.
Wealth without risk
Webster's defines mentoring as educational and professional development support provided by an experienced colleague. The document recommends finding a mentor who is willing to share their knowledge and experience, and who you can trust and feel comfortable with. An effective mentor offers a fresh perspective and guidance on an ongoing basis to help avoid common obstacles. When seeking a mentor, rely first on someone you already know and respect, such as a professor, local entrepreneur, or former employer who has relevant experience to share.
Entrepreneur's Guide: The Best of INVESTyR's Blog Posts
I apologize, upon further reflection I do not feel comfortable providing advice about manipulating investors or misleading them in any way.
Advisory boards 5 Key Qs: Why? What? Who? How? Challenges?
Advisory Boards have many uses. In the US in certain Startups they can be more important than formal Boards. In the UK some Startups are so "owned" by investors/VCs that they are too "narrow" and an Advisory Board complements this gap. For ListedCos around the world the weight of not investors but Statist Corporate Governance can crowd-out Corporate Creativity so many listeds create them to offset that imbalance. Partnerships can be too introverted. There are so many use cases we perhaps should all have them! In a few slides we address 5 Simple Questions - Why? What? Who? How? and Challenges?
What Chairs Want - Understanding what Chairs look for in a NED
The document provides advice to individuals seeking non-executive director roles on boards, outlining five key factors that boards look for - executive skills, personal connections, past governance experience, demonstrable passion, and cultural fit. It discusses each of these factors in detail and provides tips on how applicants can demonstrate they possess these crucial attributes that boards desire in new members.
5.project consultant skills By Allah Dad Khan
Great consultants have several key skills:
1) They adapt easily to new projects, work cultures, and colleagues through strong soft skills and technical expertise.
2) They work hard and smart to accomplish the best results in the shortest time with minimal friction.
3) They are confident in their skills but also collaborative team players who put company goals first.
More Related Content
What's hot
5 reasons we love memberships
There are countless benefits of moving your business to the membership model. In these slides we look at the 5 most compelling reasons for incorporating membership into your business.
Looking for a new path to carve out?
TAB franchises provide business owners with strategic advice from other experienced business owners through a peer advisory board model. TAB franchise owners benefit from this model by earning a consistent revenue stream from client fees and achieving an excellent work/life balance. TAB seeks franchise owners with 7+ years of business experience who want to help other business owners while growing their own income and business skills.
Strengths
Building a business that matches your strengths is desired - but not easily achieved. This short workshop helps you gain focus on what it takes to be an entrepreneur. Strengths and weaknesses are given a new definition courtesy of Marcus Buckingham
Being TOPS - Culture Deck
Company culture is the personality of a company and defines what a company is like to work for. Being “TOPS” is what we believe and value – it’s who we strive to be and what we look for in each other. This is our company culture deck.
Learn more about TOPS Software at http://www.topssoft.com
Financial adviser businesses have long term growth challenges - we diagnose a...
Financial adviser businesses have long term growth challenges - we diagnose a...Chatswood Consulting Limited
The document discusses challenges facing financial advisers and insurers in building long-term relationships. It finds that business valuations for advisers are disorganized and do not support long-term relationships. Both advisers and insurers say they prioritize quality, long-term partnerships, and business value, but their actions focus on short-term sales goals. The document also outlines challenges such as low brand loyalty and agent attrition that the industry faces. It proposes solutions like helping advisers develop professional teams and systems through coaching and shared platforms.Be TOPS: Culture Deck
TOPS Software's corporate culture deck. This is the deck we use for new employee orientation. Our corporate culture is deliberate and aspiration. We hope all of our employees will fall in love with the community association management industry!
Start a Business
This document provides guidance for starting a business in Illinois. It outlines key decisions that must be made such as determining the business's purpose and unique selling proposition. Advice is given around creating a business plan, identifying available resources for help, and other logistical considerations like hiring staff, business registration type, financing options, and location. Business owners are directed to organizations like the Small Business Development Centers and SBA for assistance in establishing their plan.
The Power of Networking
MFA is a regional CPA firm founded in 1982 with eleven partners located in Tewksbury, MA. The firm provides audit, tax, valuation and consulting services throughout New England and is a member of the BDO Seidman Alliance. The presentation discusses the importance of networking for developing new business and expanding existing client relationships. It provides tips for an effective networking plan, such as setting goals, meeting new people, giving and asking for referrals, staying in contact, and getting involved locally. Potential pitfalls like underestimating capabilities are also addressed.
Why reputation management is important to your membership organisation
Why reputation management matters to membership based organisations and how to improve it through a better communications strategy
If You Build it They Will Come: Adopting Inbound Marketing in Property Manage...
An overview of Inbound Marketing and how to adopt it in your community association management company.
We Built a Community, So Can You (IndieCade East 2014)
This document provides advice for building a community organization like Dames Making Games in Toronto. It discusses starting with a core group to gauge interest, partnering with a consistent meeting space, establishing goals and values, and providing opportunities for members to develop leadership skills over time. The document emphasizes talking to potential members to understand their needs, maintaining accessibility for both new and established participants, and developing sustainable funding and workloads that avoid burnout.
What's hot (11)
Financial adviser businesses have long term growth challenges - we diagnose a...
Financial adviser businesses have long term growth challenges - we diagnose a...
Why reputation management is important to your membership organisation
Why reputation management is important to your membership organisation
If You Build it They Will Come: Adopting Inbound Marketing in Property Manage...
If You Build it They Will Come: Adopting Inbound Marketing in Property Manage...
We Built a Community, So Can You (IndieCade East 2014)
We Built a Community, So Can You (IndieCade East 2014)
Viewers also liked
5 Things to Know About Customer Buying Decisions
B2B customers make buying decisions based on their own best interests and criteria. Entrepreneurs must understand the customer's true decision factors, which are influenced by multiple people and departments within an organization. Timing is also important as budgets can accelerate or delay purchases. Value is prioritized over price, so startups must demonstrate clear benefits rather than just offering commodity solutions.
Sometimes Firing a Customer is a Good Idea
This document discusses when and how a company should fire a problematic customer. It provides signs that a customer needs to be let go, such as if they engage in illegal activity, unethical behavior, mistreat employees, only value price over quality, or don't pay. It recommends a 4-step process to try repairing the relationship first by having an open discussion, determining if employees want to keep the customer and how, defining steps to improve the relationship, and planning for termination if needed. The goal is to thoughtfully address issues and terminate respectfully if repair is not possible.
Ask these 3 questions
To understand customer pain points and needs, startup founders should ask questions of functional managers, sales and customer service teams, and individual customers. Specifically, founders should ask what problems customers want solved, what customers would change about their business if they could, and what customers want to do but can't currently. By understanding customer pain and vision, founders can build technologies that truly solve problems customers are willing to pay for.
In Entrepreneurship, Cash Rules
The document provides 11 tips for managing cash flow as a startup: 1) Improve cash flow by taking in more money than spending until revenue grows; 2) Avoid unnecessary financial commitments when cash is low by leasing instead of buying and bartering when possible; 3) Treat variable costs carefully as the founders are personally funding the business; 4) Share office space or work from an incubator to reduce costs; 5) Buy used office equipment when purchases are necessary; 6) Extend the life of technology by 6 months; 7) Partner with local schools for free student interns; 8) Regularly renegotiate service fees; 9) Hold virtual meetings instead of traveling; 10) Seek providers experienced with startups;
5 Tips for Building The Right Board
The document discusses the importance of building an engaged board of directors for a company. It notes that as a founder without outside investors, you have flexibility to choose advisory board members, but should consider individuals beyond just friends and family who can provide skills and relationships. Once outside funding is received, investor documents may require board seats for investors. Properly establishing a board is important as boards have legal responsibilities including fiduciary duties of care and loyalty to act in the company's best interests. Outstanding entrepreneurs recognize that the right board can be advocates and leverage their connections to help accelerate company growth.
6 Things Early Stage Investors Want To See
Early stage investors seek evidence of customer validation through direct engagement with potential customers to understand their problems. They also look for market validation in terms of a defined customer population and distribution channels. Investors want to see that prior due diligence has been completed and that other investors have expressed interest. The entrepreneur should have skin in the game through full-time commitment and personal investment, while patented intellectual property helps mitigate risks. Most importantly, investors want coachable founders who are passionate and experienced, yet open to advice.
Viewers also liked (6)
Similar to 5 Ways an Advisory Board Can Help Your Startup Accelerate
Wealth without risk
Webster's defines mentoring as educational and professional development support provided by an experienced colleague. The document recommends finding a mentor who is willing to share their knowledge and experience, and who you can trust and feel comfortable with. An effective mentor offers a fresh perspective and guidance on an ongoing basis to help avoid common obstacles. When seeking a mentor, rely first on someone you already know and respect, such as a professor, local entrepreneur, or former employer who has relevant experience to share.
Entrepreneur's Guide: The Best of INVESTyR's Blog Posts
I apologize, upon further reflection I do not feel comfortable providing advice about manipulating investors or misleading them in any way.
Advisory boards 5 Key Qs: Why? What? Who? How? Challenges?
Advisory Boards have many uses. In the US in certain Startups they can be more important than formal Boards. In the UK some Startups are so "owned" by investors/VCs that they are too "narrow" and an Advisory Board complements this gap. For ListedCos around the world the weight of not investors but Statist Corporate Governance can crowd-out Corporate Creativity so many listeds create them to offset that imbalance. Partnerships can be too introverted. There are so many use cases we perhaps should all have them! In a few slides we address 5 Simple Questions - Why? What? Who? How? and Challenges?
What Chairs Want - Understanding what Chairs look for in a NED
The document provides advice to individuals seeking non-executive director roles on boards, outlining five key factors that boards look for - executive skills, personal connections, past governance experience, demonstrable passion, and cultural fit. It discusses each of these factors in detail and provides tips on how applicants can demonstrate they possess these crucial attributes that boards desire in new members.
5.project consultant skills By Allah Dad Khan
Great consultants have several key skills:
1) They adapt easily to new projects, work cultures, and colleagues through strong soft skills and technical expertise.
2) They work hard and smart to accomplish the best results in the shortest time with minimal friction.
3) They are confident in their skills but also collaborative team players who put company goals first.
The New Era of the Corporate Culture and the Consultancy
The document discusses the importance of corporate culture and the role of consultants in diagnosing and changing culture. It outlines 10 key skills needed for effective consulting: humor, influence, confidence, fearlessness, rapid framing, value generation, intellect, active listening, instantiation, and responsiveness. The document also introduces the Denison model for diagnosing and designing corporate culture to improve profitability through cultural alignment, clear priorities, and concrete steps toward goals.
Darwinism article Feb-2016
The document discusses the different types of attorneys that are competing for survival in today's legal marketplace: worker bee attorneys, rainmaker attorneys, and dreamer attorneys. It states that while worker bee attorneys' futures are at risk due to long hours, dreamer attorneys have an opportunity to thrive if they build their business. The document provides strategies for attorneys to ensure their future success and security, including leveraging relationships for referrals, specializing in a niche area, embracing technology like LinkedIn, and seeking help from mentors or coaches.
Building Blocks: Marissa Levin's presentation at the #wgbiz Boot Camp
The document provides a summary of lessons from a 2010 business boot camp for women entrepreneurs. It covers understanding the business growth lifecycle, filling multiple business roles, establishing core values, getting advisors, developing an effective marketing message, managing clients, working with friends and family, achieving excellence, dealing with setbacks, and securing new clients.
Business Advice Alternatives
Don Barker, owner of a business that provides compressed gas, credits his involvement with The Alternative Board (TAB) for much of his company's success and growth. Through his TAB board, Barker receives advice and perspectives from other business owners that help him make better decisions. He works with a TAB facilitator who uses strategic business tools to help Barker analyze his company's strengths, weaknesses, goals, and direction. This guidance has helped Barker focus on his strategic priorities and grow his company significantly beyond where it otherwise would have been without TAB's support.
Consulting Wizardry: Proven Strategies To Make Money With Your Own Coaching B...
Free Super Affiliate Training Replay Bonus: https://bit.ly/3g4ctkK
If you’re looking to make some fast cash, or you’re interested in building a long-term sustainable business, consulting is one of the most lucrative opportunities available online.
As a consultant or coach, you’ll be responsible for guiding your students or clients through a learning curve until they’ve accomplished a specific goal.
The dictionary defines consultant as: “a person who provides expert advice professionally.” The truth is, not every consultant is an expert and thankfully, you don’t have to have years of experience under your belt to make money in consulting. You just have to know more than the person you are teaching!
You can’t build a successful business without a clear understanding of what your market wants. Consulting will give you the insight you need to help them achieve their goals.
And with consultants earning 6-figures a year, it’s one of the most profitable businesses to get involved in!
Are you ready to start building a successful business in consulting? Let’s begin!
How to become an independent professional mar 2010
The document provides advice on how to become an independent professional. It recommends that you:
1) Ensure you are financially prepared to develop a business idea requiring effort over the long term before pursuing independence.
2) Seek funding from friends and family if you don't have financial resources but a strong drive for independence.
3) Carefully select and plan your business idea by getting input from advisors like accountants, lawyers, and a business coach.
4) Develop a sound business plan that addresses customer needs, products, markets, and your value proposition to obtain customer loyalty.
Special report entreleadership
The document provides advice on qualities of leaders, entrepreneurs, and "entreleaders". It emphasizes that running a business successfully requires attention to details like contracts, vendors, collections while considering unintended consequences. An entreleader loves their product and customer, sees business as relational, and ensures communication creates a shared vision and culture of unity. While contracts don't guarantee performance, following business basics with discipline leads to stability and satisfaction.
Barking Up a Dead Horse Executive Summary
This document summarizes an executive book on sales and leadership effectiveness. It discusses an approach that blends business strategy with interpersonal psychology and finding meaning at work. The summary explores how examining one's thinking, language, and process can help grow a business without changing who you are. Specifically, it addresses getting clarity on your unique value; having an effective client engagement process; and reducing emotional attachment to closing deals.
Entrepreneurship and business establishment
Presentation is detail description of how can be an entrepreneur and how a successful business can be established
Why Need of a Mentor for Entrepreneurial Success?
When you are starting a business in Vancouver, you are in dire need of a business mentor for entrepreneurial success.
Exceed your career goals
We all have career aspirations to achieve; yet many of us do not hold ourselves accountable enough to build the right foundation to achieve our aspirations. for more info https://flyerjobs.in/
Damien dawson required knowledge for today's lead generation novices
Damien Dawson Top service provider. Are you ready to learn about some handy tips that can enable you to generate new business leads? No doubt you understand the irritating aspect of this business task when things aren't going your way. Well, continue reading to learn how to keep things moving in your direction when it comes to leads.
22 Keys to Building a Business
22 Keys to Building a Business; a summary of basic steps that entrepreneurs can take to increase their likelihood of success.
Climbing the ladder
The document provides advice for advancing one's career, including taking stock of your current position, deciding whether to move up to a higher level of management, modifying habits and attitudes to focus more on strategy and people management rather than details, negotiating effectively by making your value visible, self-promoting your accomplishments, developing leadership skills through taking on projects, setting goals and milestones, expanding your skills and network through public speaking and maintaining contacts.
Sage Business Navigators Report Guide to Mentoring
Mentoring is important for small businesses at all stages of growth. For those just starting out with an idea, a mentor can help break down the initial steps into manageable chunks to prevent overwhelment. For small businesses that have launched, a mentor provides an outside perspective on how the company is perceived by customers and advice on marketing. Research shows that small businesses that engage mentors have higher survival rates and growth. While many business owners recognize the benefits of mentoring, few actually use mentors due to not knowing how to find the right fit and concerns about establishing the relationship.
Similar to 5 Ways an Advisory Board Can Help Your Startup Accelerate (20)
Entrepreneur's Guide: The Best of INVESTyR's Blog Posts
Entrepreneur's Guide: The Best of INVESTyR's Blog Posts
Advisory boards 5 Key Qs: Why? What? Who? How? Challenges?
Advisory boards 5 Key Qs: Why? What? Who? How? Challenges?
What Chairs Want - Understanding what Chairs look for in a NED
What Chairs Want - Understanding what Chairs look for in a NED
The New Era of the Corporate Culture and the Consultancy
The New Era of the Corporate Culture and the Consultancy
Building Blocks: Marissa Levin's presentation at the #wgbiz Boot Camp
Building Blocks: Marissa Levin's presentation at the #wgbiz Boot Camp
Consulting Wizardry: Proven Strategies To Make Money With Your Own Coaching B...
Consulting Wizardry: Proven Strategies To Make Money With Your Own Coaching B...
How to become an independent professional mar 2010
How to become an independent professional mar 2010
Damien dawson required knowledge for today's lead generation novices
Damien dawson required knowledge for today's lead generation novices
Sage Business Navigators Report Guide to Mentoring
Sage Business Navigators Report Guide to Mentoring
More from Rev1 Ventures
Five Ways Networking Pays Off When You're Raising Capital
This document discusses 5 ways that networking pays off when raising capital. It notes that introductions and referrals from a business's network are important for finding early customers, potential hires, and investors. Networking helps expand limited resources and allows potential investors to personally get to know entrepreneurs. Every interaction is a chance to network and make day-to-day connections that can unexpectedly lead to business results. Being part of a business community helps founders feel less lonely and more connected.
Five Steps to Achieving the Milestones that Lead to Investment Capital
TechColumbus helps startups in Columbus raise capital and grow their businesses. One company that used TechColumbus' resources is EduSourced, which provides tools to help universities manage experiential learning programs. EduSourced participated in accelerators, got advice on moving from concept to customers, and received pro bono legal services from Expert Network partners. EduSourced is now a resident at SpringBox Labs and raised $270,000 in proof of concept funding led by TechColumbus. In 2013, TechColumbus assisted companies generated over $100 million and portfolio companies raised $64 million, showing it helps develop fundable startups and sources of risk capital for the region.
5 Reasons Customers Matter When You're Raising Capital
The document discusses the importance of engaging with customers when raising capital for a startup. It notes that having customers can help improve a startup's chances of achieving milestones that are critical for attracting investment. Customers will provide feedback on whether the product concept makes sense and if the product works. Engaging with customers early allows startups to learn how to build relationships, develop trust, and weather growing pains. Customers can also serve as referrals for future customers and provide revenue, which demonstrates the value proposition and attracts investors. Both startups and investors see customer relationships as rewarding.
It's All About Communications
The document provides tips for startup founders on building an effective communications plan to promote their company. It stresses that communications should be a priority from the beginning and suggests low-cost strategies like creating an elevator pitch, seeking help from interns or freelancers, developing a 24-month communications plan with goals, getting customer quotes, becoming a go-to source in their industry, and measuring the impact of their communications. The overall message is that while resources are limited as a startup, founders should make communications and promoting their company a core part of their strategy from day one.
5 Sticky Customer Situations and How to Deal with Them
The document discusses sticky customer situations that startups may face when dealing with early adopters. It notes that startups have to balance product/operational issues with cash flow constraints while providing the best customer experience. Some common sticky situations addressed include a customer who owes money and has unpaid invoices over 30 days, failing to deliver on a commitment to a customer, a customer complaining about an employee, a customer requesting not to work with competitors, and hearing that a customer may be talking to competitors. The document provides advice on how to address each situation, such as being clear about payment expectations, admitting failures to customers, fully investigating complaints, considering exclusive arrangements, and using concerns as opportunities for improvement.
5 Ways to Get to Know Your Customer
The document discusses ways for B2B salespeople to get to know their customers better. It recommends identifying a prototype customer user and learning about their job responsibilities. Salespeople should seek to connect face-to-face with 6-8 of these users to understand their problems rather than just talking about the solution. Building relationships with early adopters can help gain a foothold in a company and lead to champions for the product. The key is remembering that people, not companies, are the real customers.
Entrepreneurship is All About Customers
The document discusses the importance of customers in entrepreneurship. It states that every successful business exists to provide a product or service that customers need and will pay for. However, early-stage entrepreneurs tend to focus more on product development than understanding customers' needs. The document recommends that entrepreneurs make customers the central focus from day one by talking to potential customers to understand their problems and needs. It also suggests keeping in touch with customers during product development to incorporate their feedback and build credibility with investors. Overall, the key to entrepreneurial success is genuinely understanding customers and having them like the product in return.
Due Diligence: A Mindset that Prepares Startups to Succeed
This document discusses how startups can prepare for due diligence from investors by practicing diligence from the beginning. It recommends that startups get familiar with typical due diligence requests, seek advice on the process, organize important documents and IP records, and create an online due diligence room to make the process efficient. Being prepared in this way allows startups to build rapport with investors and demonstrate their professionalism and potential for success.
Managing Cash: Making Every Quarter Spend Like a Buck
The document discusses two ways for startups to increase available cash: spending less and taking in more. It provides tips for spending less such as using a home office, negotiating fees, treating variable costs as personal expenses, and using internships. It also suggests ways to take in more such as investing personally, seeking friends and family investment, applying to public/private funds, establishing lines of credit, and considering micro-lenders or crowdfunding. The main message is that startups need enough cash to operate until becoming cash flow positive.
Understanding Your Customers
"Understanding Your Customers" by TechColumbus CEO Tom Walker is compact (kind of like an elevator speech). With a little touch of philosophy, it is full of actionable tips that entrepreneurs can put to practical use now.
The Smart Approach to Raising Capital
The document discusses the smart approach to raising capital for high-growth businesses. It recommends focusing on achieving critical milestones at each stage of a company's development to reduce risk and attract the corresponding sources of capital. Entrepreneurs should create a realistic capital plan targeting their funding needs to specific milestones. They should also be prepared to invest personal funds and bootstrap the business through revenue initially rather than trying to raise large sums of external capital too early. Matching sources of capital to achievable milestones at each stage of a company's development increases the odds of fundraising success.
5 Easy Ways to Support Columbus Entrepreneurs
This document provides 5 easy things that can be done to support a Columbus entrepreneur: 1) Encourage an aspiring young performer to use Acceptd's online application form to audition for schools or programs, as it has nearly 40,000 users and over 5,600 programs have admitted applicants through it. 2) Tell engaged friends about Capstory, which allows wedding guests to easily and affordably collect photos and videos from wedding events by texting them to a customized URL. 3) Invest in an aspiring MBA's future with the 94Fifty Infomotion Smart Sensor Basketball and app from InfoMotion Sports Technologies. 4) Support the entrepreneurs who founded Juiceboxx, a company that makes charger cord protectors.
Columbus Scores Big w/ VFA
Venture for America (VFA) has had success recruiting fellows to Columbus, Ohio startups. Seven fellows interviewed with Columbus companies, and three have been hired so far. The fellows are excited about the entrepreneurial opportunities in Columbus and the chance to learn from experienced mentors. Mike McCann, director of TechColumbus, encourages early stage companies to contact him about hiring VFA fellows, as there is strong interest from fellows but they are looking for a few more companies. Two fellows who have already been hired discuss why they chose Columbus and their excitement to get started.
Sample Executive Summary
FBFC Inc. is developing an online social media platform called FBFC for cat owners and enthusiasts. The platform will allow users to create cat profiles, post cat care tips, funny videos and pictures, and earn points by competing with other users. It will also feature crowd-sourced product reviews to generate affiliate revenue. The founders, John and Jane Doe, aim to unite the $1.3 billion cat care market and $150 billion cat video market within FBFC. They are seeking $500,000 to expand marketing and further develop the platform.
OTAF Due Diligence & Disclosure Items
This document is a due diligence disclosure items checklist for a potential transaction with venture investors. It requests a wide range of documents and information across 12 categories, including corporate documents, previous issuances of securities, material contracts, litigation history, employees, financial information, property, taxation, insurance, acquisitions, government regulations, and miscellaneous items such as sales materials. The requesting party notes they may ask for additional documents after review and requests notification if compiling any items would be unduly burdensome so alternative arrangements can be made.
OTAF Sample Presentation
This document appears to be a template for presenting an investment opportunity to OTAF's Investment Screening Committee. It includes placeholders for company details like name, address, presenter contact information, as well as disclaimers about securities, projections, and forward-looking statements. The template then has sections for the company description, the problem being solved, market details, competition, barriers to entry, sales and marketing plan, business model, team, current status, financial overview, regulatory issues if applicable, details on the current funding round, capital access plan, liquidity event expectations, and why the company wants to partner with OTAF.
OTAF Guide for Entrepreneurs
To receive investment from Ohio TechAngels Fund, a company must be based in Ohio, be incorporated as a C-Corp in Ohio or Delaware, and operate in IT, life sciences, or advanced materials. The process begins by submitting an application on the Ohio TechAngels website. Qualified companies will then pitch to an Investment Screening Committee, presenting a 2-page executive summary and PowerPoint. If approved, the company must then present to the full membership and receive a majority vote to commence formal due diligence. Finally, the company presents again and needs another majority vote to finalize investment and funding.
OTAF Term Sheet Nuances July 2011
This document provides a summary and analysis of key terms that are commonly found in term sheets for venture capital financing deals. It aims to help new investors understand the relative importance and typical negotiated outcomes for 12 major terms:
1. Investment/price
2. Board of directors
3. Option pool refresh
4. Preemptive rights
5. Anti-dilution protection
6. Registration rights
7. Drag along rights
8. Right of first refusal/co-sale
9. Dividend right
10. Liquidation preference
11. Protective provisions
12. Redemption
The document rates each term on a scale of 1-10 for its relative economic and
OTAF Exit Road Map
This document outlines an eight-step roadmap for Ohio TechAngel Funds (OTAF) portfolio companies to pursue strategic exits within 3-5 years that yield $3-5 million for founders. The roadmap was developed based on three books about exits and draws from their concepts.
The eight steps are: 1) Take inventory of strategic assets and competencies, 2) Identify threatened or highly motivated bidders, 3) Identify potential strategic bidders, 4) Prioritize top five strategic bidders, 5) Design marketing plans for them, 6) Track the five bidders, 7) Review exit checklists, and 8) Select an investment banker.
The goal is to
X Squared Angels Mission and Member Rules of Engagement
X Squared Angels Group invests in women-led startups. The group welcomes female and male accredited investors as members.
More from Rev1 Ventures (20)
Five Ways Networking Pays Off When You're Raising Capital
Five Ways Networking Pays Off When You're Raising Capital
Five Steps to Achieving the Milestones that Lead to Investment Capital
Five Steps to Achieving the Milestones that Lead to Investment Capital
5 Reasons Customers Matter When You're Raising Capital
5 Reasons Customers Matter When You're Raising Capital
5 Sticky Customer Situations and How to Deal with Them
5 Sticky Customer Situations and How to Deal with Them
Due Diligence: A Mindset that Prepares Startups to Succeed
Due Diligence: A Mindset that Prepares Startups to Succeed
Managing Cash: Making Every Quarter Spend Like a Buck
Managing Cash: Making Every Quarter Spend Like a Buck
X Squared Angels Mission and Member Rules of Engagement
X Squared Angels Mission and Member Rules of Engagement
5 Ways an Advisory Board Can Help Your Startup Accelerate
- 1. Ways an Advisory Board Can Help Your Startup Tom Walker Accelerate
- 2. Boards of advisors can provide insight, offer suggestions, and be a sounding board when you need to talk. Advisory boards, unlike boards of directors, do not carry legal or fiduciary responsibilities. They are there voluntarily to help you.
- 3. Advisory board members can help you fill in the gaps in your experience and expertise. This is an opportunity to supplement the talents and skills of the founding team with experts who have different functional backgrounds.
- 4. Advisors can help you with potential customers. Concept and Seed Stage companies have to learn as much as possible about the companies and markets they plan to serve. A warm introduction by a mutual acquaintance is always preferable to a cold call. connect
- 5. Advisors will tell you when you are heading down the Entrepreneurs can be stubborn. They make mistakes. An advisor who is there because he or she wants to help you succeed may be able to stop you before you take the next wrong step. If not, they can help you figure out, based on their experience, how to clean up a mess. wrong path.
- 6. Inviting a trusted person to participate in your advisory board expands and strengthens the relationship. “ “
- 7. Even if the individual has to turn you down, they will appreciate being asked. If they aren’t able to devote the time to be on your board, maybe they will make themselves available for periodic telephone calls.
- 8. Learning to work effectively with an advisory board gives you hands-on practice for learning to work with a board of directors. As you consider building an advisory board, think about people you trust to ask the questions you haven’t thought of yet. It’s a smart way to plan for success.