Business Management · Issue 55 · 27 July 2026

Build the advisory board you don't have yet

You don't need a formal board to get the value of one.

Most small businesses assume advisory boards are for bigger companies. In practice, an informal group of three or four people whose judgement you trust — checked in with quarterly — does most of what a formal board offers, without the overhead.

The value isn't the meeting. It's having people outside your own head who will tell you the truth about a decision before you've made it, not after it's gone wrong.

Pick people who've done something you haven't yet — scaled a team, sold a business, navigated the exact stage you're heading into. Ask them properly, meet with intent, and actually use what they tell you.

Who are the three people you'd ask, if you asked this week?

Explore Business Management

Free first step: the the informal advisory board guide.

With respect,
Annie

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