Entrepreneurs have simple questions on the Business Advisory Board Dr. Joachim son brings this issue brief and concise to the point: the story of the business councils is not so old and the succession is governed by love to small and medium-sized family farms within the family. But, not always a really appropriate successor within the meaning of the safe and economic continuity of the business exists in the family!” Just older family-owned company with a long tradition of matured over decades pass the shops has always been to their children. To operate the external assistance and to set up such a Business Advisory Board, is seen as a flaw, but it’s not. Not only the professional and personal skills of the family internal successor, in the old-established family business, have to be careful, but also their interests and long-term life planning.
A Business Advisory Board may be a crucial aid for the right decisions for all parties involved. A Business Advisory Board is definitely not a consultant in the sense of a management consultancy. He is an independent and exclusive observer that wants to make a significant contribution to ensure the economic and positive corporate governance as a neutral mediator. Corporate advisory boards are successful managers who have the need, make sense to pass on their skills and knowledge and to leave something lasting and permanent. In contrast to the consultancies can and should be called a Business Advisory Board in good times.
With this condition, the company owners and the Business Advisory Board can work together in the long term and jointly solve also personnel issues for the future in addition to an economic strategy. A consultant is always switched on when the problems are already large and not alone to solve. A Business Advisory Board says what he thinks and not always necessarily what the owners want to hear!” Dr. diaper indicates that other differences between consultant and Business Advisory Board. Distributed by the long-term and throughout the year Cooperation can be already in the run-up to detected problems and avoid financial bottlenecks if necessary. Many banks check today’s already in evaluating creditworthiness, whether a neutral observer in the enterprise is installed, before more liquidity is granted. The Advisory is the confidante and the company will benefit from its practical experience. He is a trustee”of the corporate interests! Dr. Joachim son and Dr. frequently asked questions the first months summarize diaper. Entrepreneurs ask simple things to start: do I need a Business Advisory Board and what brings he me? Which candidate is right for me and my company? What are some contractual things must I fix? What costs should I expect? Who can practically help me?