BoardMyBiz FAQ
For those of you that are new to the site or to advisory boards, you may be asking the following questions:
- What is an advisory board?
- Unlike a Board of Directors, an advisory board does not have any formal or legal responsibilities to the company. Instead, they act as a support system for the organization by providing advice on any necessary business decisions or topics.
- What are the benefits of having an Advisory Board?
- An advisory board is a powerful management tool that creates an organized process to discuss business opportunities and concerns with other uniquely specialized individuals. By surrounding your company with an experienced and diverse board of advisors, you empower yourself to make smarter and more effective business decisions.
- What are the benefits of becoming a Board Advisor?
- Acting as a Board Advisor to a small business is rewarding on many levels. It allows you to give back and help to grow another business. It is an opportunity to help grow and cultivate your business network. It will allow you to potentially explore and learn about a new type of business, product, service or industry. It can lead to identifying new products or clients for your personal business ventures. And finally, it will help to build your resume.
- How long will it take to start/join an Advisory Board?
- Almost no time at all! When you become a member of BoardmyBiz member, you will instantly be connected with potentially hundreds of Business Owners, thousands of willing Advisory Board members and hundreds of Specialized Professionals.
- How is a match made?
- BoardmyBiz uses a proprietary matching logic to pair open Advisory Board seats with potential matches, meaning that once a business profile is filled out, a list of candidates will be populated immediately for the small business owner to pursue. (A business owner may chose to post an opening for others to "apply" or simply pursue potential advisors without posting.)
- Why should I use BoardmyBiz to find/join an Advisory Board?
- As stated above, joining BoardmyBiz gives you instant access to potentially hundreds of business owners and thousands of individual contributors making it the fastest way to fill or join an advisory board. Furthermore, BoardmyBiz offers an extensive array of other tools aimed at small businesses including discussion forums, unique content and local events that will help you to communicate with similar business owners and executives to help generate ideas and solutions.
