How to Create an Advisory Board
 
By ADRIANA GARDELLA
 
Published: February 17, 2010
 
Jim Bourdon, chief executive of Accounting Management Solutions in Waltham, Mass., said his advisory board persuaded him to be more aggressive about jettisoning ineffective consultants and replacing them with star performers. The result? His clients report that his company’s consultants are either meeting or exceeding the standards set by Mr. Bourdon and his team.
 
Other business owners credit their advisory boards with cutting costs; helping with product development; introducing them to valuable clients, investors, and suppliers; and eliminating the sense of isolation that can come with running your own business. Most crucial, an advisory board makes a chief executive answerable to a third party.....
 
To read the article in its entirety, please click on the following link:
 
www.nytimes.com/2010/02/18/business/smallbusiness/18sbiz.html