Skip to main content
woman discussing the sticky notes in the wall

What is an advisory board?

An advisory board is an informal group of local business professionals who can help you run your business better. The members of the advisory board help to provide objective advice and mentoring to the business owner or director.

Having been involved in various advisory board assignments for more than 20 years, our business advisors have accumulated skills and insights on a broad range of topics that family businesses and closely-held businesses usually encounter.

How does an advisory board add value to your business?

How does an advisory board
add value to your business?

An advisory board can add value to your business by:

  • Providing independence and objectivity - the ability to act in the best interests of your business is not compromised.
  • Bringing an independent and fresh perspective to decision-making.
  • Demonstrating relevant competency, experience and ethical behaviour.
  • Challenging, questioning and monitoring the CEO and senior management.
  • Supporting and mentoring the CEO.

What issues do
advisory boards address?

Owner-Related Issues

  • Lack of time
  • Reluctance of the owner to let go
  • Succession planning

Limited Resources

  • Lack of specialist skills and knowledge.

Growth & Expansion

  • There is a greater need for strategic skills and knowledge as a business grows.

Risk Management

  • Business continuity plans in case of crises.

It can be lonely at the top.

Being able to ask someone how they handled a specific situation you’ve not encountered before is so crucial. You can’t put a price on getting that knowledge and wisdom from people who have ‘been there and done it’.

If you’re ready to seek the expert guidance an advisory board provides, then get in touch with us today.

I want to know more about setting up an advisory board

Hear from our current and past advisory board clients

Hear from our current and past advisory board clients

We’ve recommended Greg and Joshna and the team at Your Business Momentum to quite a few of our clients who are small business owners mainly because I tend to find that they are so time-poor and bugged down in the detail of the day-to-day that they don't have the time to take a step back and look at the bigger picture and focus on where they want to go and build some systems and procedures to ensure that they can hit the milestones to hit the longer term business goals.

I find that sometimes as a business owner, it can be a bit of a lonely game and you tend to feel isolated sometimes having to make important decisions. So, it was great to have somebody that’s completely independent to the business to help you make some good decisions particularly when they're only agenda is to understand where you want to go and then build some milestones to help you get there.

Glen Reilly

Director and Lead Adviser, Fitzpatricks Private Wealth

The Board of Crystalaid Manufacture engaged Greg Gunther to facilitate its inaugural strategic review. Managing a diverse range of personalities, ages and cultures, Greg successfully assisted us to work through the current situation and critically examine our future options. Greg’s approach was effective, structured and delivered clear outcomes for our board.

Duncan Schultz

Crystalaid Manufacture Pty Ltd
Woman in white blouse discussing with a man in suit

Thinking about forming an advisory board?

Do you feel isolated when making strategic decisions and would benefit from expert advice from other business professionals?

Advisory boards can span the full spectrum of being a sounding board for the business owner to fill the gaps in expertise that exist, as well as providing a fresh perspective or new ideas. We offer advisory board services to challenge your thinking, allow you to tap into others’ expert knowledge and assist you to remain agile in changing markets.

Learn more about setting up your own advisory board

Send us a messeage to enquire today