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Management

Advisors

  1. Intro to Advisors

    Advisors are crucial for business success, offering valuable insights and guidance. However, finding the right advisors can be challenging.
    • 1517 Fund logo
      These Are The Differences Between Mentors, Advisors, and Coaches

      Zak Slayback, Principal, 1517 Fund

      Given the frequent use, and sometimes interchangeable use, of these 3 terms, Zak set out to define them: • A Mentor is a role model - somebody you may want to be or emulate, who you can learn from • An Advisor is usually a more formal relationship than a mentor, and usually has specific expertise that is applied to specific projects • Coaches facilitate learning, focus, and results. They usually have had formal training on Coaching methodologies, and are usually able to speak to past results they've delivered to coachees.
    • Sense360 logo
      How Advisory Boards Can Be Your Secret Weapon

      Eli Portnoy, Co-founder & CEO, Sense360

  2. How to Find Advisors

    Networking, referrals, and industry events are great ways to find potential advisors. It's important to consider their experience, expertise, and compatibility with your business goals.

  3. How to Leverage Advisors

    To get the most out of your advisors, establish clear expectations, maintain open communication, and be receptive to their feedback. Building a strong relationship is key.

  4. How to Compensate Advisors

    Compensation for advisors can take many forms, such as equity, cash, or a combination of both. It's important to negotiate fair Compensation that aligns with the advisor's contributions and your business's financial situation.