Advisory Director Services

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Contact us to see how your business can benefit from having an Advisory Director

Advisory Director Services

When would a small or medium business need an Advisory Director?

Every company will be in a different stage of their ‘SME growth journey’. So at what point does the owner or manager recognise that an Advisory Director can be a powerful resource?

An Advisory Director may prove a valuable resource in any multitude of scenarios, including the following:

  • A company experiencing rapid growth
  • A company needing to raise funds
  • A company wanting to build strategic partnerships
  • A company facing major decisions and/or changes in direction, including entering new markets, products or geography
  • A company establishing more formal structures involving professional managers
  • A company dealing with succession issues
  • A company managing the development stages in the business and assisting with staff development
  • A company facing challenges with other shareholders
  • A company wanting to raise the level of strategic conversation in every aspect of the business
  • A company with specific technical and functional issues
Suggested roles and responsibilities for an Advisory Director include:
  • Provide an independent source of information and advice to the owners/directors on strategic issues or risks confronting the business
  • Create a “learning forum”
  • The Advisory Director does not make decisions for the business owner, however does prompt decision making and action on the back of robust thinking and planning.
  • Develop an understanding of the business market and industry trends
  • Provide “wise counsel” on issues raised by the owners/directors or management
  • Provide the Directors and management with insights and ideas which can only come with the distance  from the day to day operations
  • Encourage and support the exploration of new business ideas
  • Act as a resource for owner(s), executives, staff
  • Encourage the development of a governance framework that enable continued growth, whilst not stifling the spirit or vision of the founder(s)
  • Monitor business performance and challenge director(s) and management to consider options for improving the business

Meet David

David Simon, Think Tank One
David Simon, Advisory Director