What's the best support model when scaling? This week, I break down Advisory Boards and Governance Boards, to help you find the best model for your business.

This week I unpack a high level summary of Advisory Boards and Governance Boards.

We explore their roles in providing support to Founders who are scaling, their pros and cons, and then explore how they can work together harmoniously in a decision making ecosystem to help your business scale sustainably.

I've been a Director on the Governance Board of 5 companies, as an Executive Director. I'm also an Advisory Board professional - a Certified Chair, Fellow and Member of Faculty with the ABC - the peak body for Advisory Board Professionals globally. This gives me a unique perspective into the benefits and disadvantages of both.

So if you're looking to professionalise your company and formalise your support but wondering which model is best for you, then this week's episode is for you.

Here are the best bits this week:

01:31 My personal experience with both models

02:45 The role of an Advisory Board and where it fits best

04:20 Pros and cons of Advisory Boards

05:42 The role of a Governance Board and where it fits best

06:23 Pros and cons of Governance Boards

08:01 A great analogy for how they can work effectively together

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Watch or listen to the full episode on:

Spotify: https://loom.ly/NuK50WA

Apple: https://loom.ly/-oy8jL4

YouTube: https://loom.ly/u_vibuw

ScaleHQ website: www.ScaleHQ.com.au/podcast

You can reach out to connect with our Host directly via:

LinkedIn: https://www.linkedin.com/in/seansteeleprofile/

For further information on this topic visit:

Blog post on Advisory Boards: https://www.scalehq.com.au/blog/advisory-boards

Article on Governance Boards: https://www.linkedin.com/pulse/5-signs-suggest-now-might-right-time-establish-board-sean-steele