Does having a board of advisors actually increase the value of your business?

In this episode, Nick talks about whether or not having those added perspectives and a collective knowledge base actually can improve your business’ worth in the long term.

KEY TAKEAWAYS

• At the start-up phase of business, it's often just you and the people you network with. Things begin to seriously change when coaches or mentors are brought in to help.
• As the business grows, it's valuable to have advanced help and guidance in order to help you shape your outcomes. This is the formation of a board.
• Boards provide a wide perspective during the strategic growth phase, allowing for a wealth of experience when you need it most.
• When you are in the journey from 7 to 8 figures, you need to build the board. When you break into 8 figures, you need a full board.

BEST MOMENTS

• “As businesses evolve, you need more advanced help.”
• “You're actually starting to build a board the moment that mentors become involved.”
• “The boards are generally very effective, well engaged and well organised.”
• “There's a clear delineation between strategies created at the board.” 

VALUABLE RESOURCES

Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes.
https://highvalueexit.scoreapp.com/

ABOUT THE HOST 

Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.

His background is growing and scaling Venture Capital and Private Equity backed businesses globally.

Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.

CONTACT METHOD
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