Leveraging Business Growth—Customized Advisory Board Packages
Strategic governance and advisory boards for accelerated business growth
Can You Leverage Your Business' Growth?
My answer is yes, immensely so, and in ways in which you likely have little familiarity as a lower middle-market business owner (or advising one). If you're a family or other lower middle-market firm or larger, you can–and should (if you can effectively do so)– have two boards, one governance and one advisory and, even, perhaps, a third (family councils fit here). My reasons here are distinct from any legally mandated governance requirements you may have. The use of governance and advisory boards can, as my empirical research has shown, add immense value, though you should be aware that even public and large private company boards are frequently ineffective.
Lower middle-market companies characteristically don't much employ effective Boards, whether governance or advisory. Yet my research has demonstrated, conclusively to me, that such Boards can and should not just boost the odds of simply surviving, but effective ones should also add, over time, one of or both immense enterprise or equity value far and above what the company would otherwise likely be able to do without such Boards.
The mantle of leadership remains on a Company's CEO and Chairman. A leader best leads by both having the right person in the right job at the right time and by supporting them and their leadership teams with the most useful tools available. The research, and my own experience, shows that Boards–teams of skilled men and women of character and competence–which are designed, implement, and led to support the leadership team is an overlooked, underused, and one of the most useful tools a Company's leader should be using and whose effectiveness will be key in crises, in strategic decisions and actions, and in changing infrastructure.
"Ed Rowny, who led the U.S. negotiating team in the Strategic Arms Reduction Talks (START) with the Soviet Union in the 1980s noted (in his You Tube video a few years back at the young age of 96) that a leader's toughest decisions come in three categories. Easiest are decisions in crisis: limited time, limited resources, and a deadline. Next are the strategies to be employed; success depends upon choosing and executing viable strategies. The toughest are organizational because competing interests, fiefdoms, and the weight of an organization's history interfere with development."
Effective Advisory Boards–Governance and Advisory–are a key to all three.
If Business Legal Counsel about this subject is sought, my custom packages should prove useful. If a specially designed, implemented and led advisory board is sought, I've established an affiliate, www.HubbardBusinessSAE.com, for such purpose.
Board Types
- Governance Boards - Formal oversight and decision-making authority
- Advisory Boards - Strategic counsel and expertise without formal authority
- Family Councils - Family business governance and succession planning
Research-Based Value
Empirical research demonstrates that effective boards can add immense enterprise or equity value far beyond what companies achieve without them.
- • Boost survival odds
- • Accelerate growth
- • Enhance decision-making
- • Provide strategic oversight
Supporting Leadership Excellence
Right Person, Right Job
Ensuring the right person is in the right job at the right time through strategic oversight.
Strategic Tools
Providing leadership teams with the most useful tools available for business success.
Skilled Advisors
Teams of skilled individuals with character and competence to support leadership.
Three Categories of Leadership Decisions
Crisis Decisions
Easiest: Limited time, limited resources, and a deadline. Clear parameters drive decision-making.
Strategic Decisions
Moderate: Success depends upon choosing and executing viable strategies. Requires careful analysis.
Organizational Decisions
Toughest: Competing interests, fiefdoms, and organizational history interfere with development.
Effective Advisory Boards are a key to all three decision categories.
Advisory Board Services
Business Legal Counsel
If Business Legal Counsel about advisory board development is sought, my custom packages should prove useful for structuring and implementing effective governance.
Advisory Board Implementation
If a specially designed, implemented and led advisory board is sought, I've established an affiliate, www.HubbardBusinessSAE.com, for such purpose.
Why Most Companies Miss This Opportunity
Lower middle-market companies characteristically don't employ effective Boards, whether governance or advisory. This represents a significant missed opportunity for business growth and value creation.
Common Challenges
- • Lack of board expertise
- • Unclear governance structures
- • Ineffective board composition
- • Poor board leadership
Our Solutions
- • Custom board design
- • Strategic implementation
- • Skilled advisor selection
- • Ongoing board leadership