Table of Contents:
Abstract
This project will focus on developing a plan for creating an advisory board to support a new startup venture. The purpose of an advisory board is to leverage the expertise, experience and networks of outside advisors to help guide business strategy, solve problems, and accelerate growth. This project will research best practices for advisory board composition, recruitment, onboarding and governance. It will then develop a specific plan and timeline for creating an initial advisory board for a new technology startup focusing on the software as a service (SaaS) industry. The project will conclude by outlining metrics to measure the effectiveness and value of the advisory board.
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