You are probably already aware of resources like magazines and websites, but these forums don’t always offer the right type of advice for your real-life issues. It is difficult to be at the head of a small business, there are a lot of decisions to be made and you want to make sure that you are making the right ones.
What’s more difficult is that, it is lonely at the top… You can’t always go to others in your business for advice. Even if you have a solid staff with great experience you don’t necessarily want to go to them with your issues. You need someone outside of your business that can advise you on your issues and that has experience in business coaching and company leadership.
In larger companies this is sometimes a board of directors or even an outside a consulting group that coaches the president or CEO on the most appropriate actions and next steps. But most small business owners cannot afford to hire business consultants and don’t have a board of directors at their disposal. Not to worry, there are people that you can turn to for advice; you don’t have to continue to make these decisions on your own.
Imagine if you had an advisory board of experienced business owners, like yourself, that you could talk to about your issues concerning recruitment, marketing, sales and accounting. This concept is called a peer advisory board; it is a group of your peers that meets on a regular basis in a structured (often moderated) environment to discuss the issues that are occurring in their day to day business. Imagine the benefits that these meetings could have for you, your company and your employees.
Now stop imagining and start thinking about the issues that you would bring to the table in your first board meeting. These peer advisory boards exist and may even be available in your local community. One option to look into for peer advisory boards is The Alternative Board or TAB. They bring together owners of privately held small businesses to overcome challenges and seize new opportunities with a combination of peer advice and business coaching. The Alternative Board’s members meet monthly to learn from one another’s successes to grow their businesses.