Advisory Board Implementation

A customised program to move your business to a self-managed operation, creating growth and increased business value.

The Solution

Professional Advisory Boards

Worthington & Stoop specialise in assessing, establishing, managing, mentoring and chairing high performance professional advisory boards.

Our proven process, and network of specialists have a significant impact on the success of emerging, growing, changing and exiting small and mid-market enterprises.

Proven Process

We use a practical, proven process for establishing, managing high performance advisory boards for small and mid-market enterprises.

Professional Advisors

When establishing your Advisory Board we will facilitate meetings and manage the advisors, entrepreneurs and specialists who participate on the Board 

 

Implementation 
and
Continual Improvement

Business Impact

Your purpose-built advisory board of hand-picked advisors will help you make better choices, turn your business from a job into an investment and help you reach your goals faster

Virtual Advisory Board

Looking to save time and money and have all the advantages an Advisory Board can bring to you and your business, then Falcon could be what you are looking for.

executive & board member training

Learn the steps to teach your Board how to spot opportunities and conduct risk reward assessments, so your business keeps growing

selecting your board

Discover how to identify the skills and qualities you need on your Board and how to select the right people who have those skills and qualities

sALES AND MARKETING

Capture a larger share of your market place and discover how to tap into and profit in other market segments.

codes of conduct and reporting

How to construct your own code of conduct and develop your conflict resolution proceedures.

strategic implementation

Developing Board decision making skills so as to develop strategy and implementation for business growth.

Maximising Online and Strategic alliances

Develop your online capabilities and strategic alliances to grow you profits and business sale value.

Frequently asked questions

A managed operator business gives many advantages to owners. 

Firstly it gives you a team of people dedicated to growing your business and ensuring its profitability and longevity.

Secondly, it turns your business from a job, into an investment, where you get to work less and earn more. This not only creates greater wealth for you and your family, it gives you the time freedom to enjoy it.

Usually you will meet with your certified chair every month and hold 6-8 full advisory board meetings a year. Most advisory boards have 3 – 5 advisors at any point in time and these can be a mixture of staff and external people or just one or the other.
A certified chair for your professional advisory board will cost $2,500 – $3,500 per month and approved advisors are around $1,500 -$4,000 per meeting and can cost a business between $60,000 and $80,000 per year.
 
By engaging in Worthington and Stoop’s Advisory Board Mentoring Group, you will dramatically reduce the cost of your Advisory Board and this can be to as little as providing lunch and travel expenses. 
Businesses that are in the emerging or exiting phase of their business lifecycle usually appoint advisory boards for 18 months to work through key periods. During that time they may change the advisors on their board once but the chair continues to facilitate the advisory board for the full period.

 

Companies in the growth phase of their business lifecycle usually have advisory boards for 24-36 months and will change their advisors a couple of times during that period to deliver specific objectives. Again the chair usually provides continuity for the full period.

Good question. We work through this during our board starter program to help you discover if an Advisory Board structure right for your business needs.
Contact us to find out more about our board starter program. Contact us here: Advisory Board Enquiry
Worthington & Stoop are an independent consultantacy company focused on research and education into best practice  for advisory boards. Their objective is to provide a practical pathway for businesses to increase competitiveness, foster innovation and drive economic impact through effective engagement with advisors.
 
Worthington & Stoop has a network of its own approved advisors and recognised experts across Australia, New Zealand, South Africa and Singapore.
Contact us here: Advisory Board Enquiry