Building your support team, business and finance homework help

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nobav21

Business Finance

Description

2 board rosters - 500 words each; Discussion: 400–800 words

Contact the group of people who will make up your board of advisors, and secure their commitment to your business. It is very common for the advisory boards of new entrepreneurial ventures to be comprised predominantly of friends and family, so this should be the case for you.

Create a roster of advisors, and write a brief summary of each of their qualifications.

Additionally, provide a short list of mentors; that is, people who are established in your field and who are willing to take your calls and offer you occasional advice.

Articulate your vision for your board, as follows:

  • Will your board mainly be focused on offering advice or providing governance?
  • How will you leverage the handful of experts on your board?
  • How often will the board meet, and where will it meet?

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Explanation & Answer

please find the attached file. i look forward to working with you again. good bye

Running head: BUILDING SUPPORT TEAM

Building Support Team

Name
Tutor
Institution
Course
Date

1

BUILDING SUPPORT TEAM

2

Advisors’ board
Knot Forgotten is still a small organization which lacks previous experience of working
with professional advisors. Therefore, the advisors identified so far are individuals willing to first
donate their time and skills to the organization during the early stages of growth with some
hoping that in future, the organization might become a fee for service charity organization.
However, some friends and family members have offered to provide the services for free until
the organization is capable of financially supporting consulting and outsourcing services. In
addition, the board will also comprise of investors and key donor’s and their main role will be to
advise, evaluate the business and at times play devil’s advocate. Receiving positive criticism will
be good for the business especially in improving certain areas in operations.
The organization will need an advisory team which will be knowledgeable enough to
help the business’s operations improve and this will need to be achieved with a high level of
open-mindedness. The team will be comprised of people with diverse skills, expertise and
experience in different field. In addition to being open minded, they should have good
communication skill. This group of people will be made up of individuals who are willing to
spend their time giving thoughtful advice and honest opinions on areas of the business which
need to be improved. Running a charity organization can be challenging: especially in raising
finances and in getting potential donors to buy in to the idea. Therefore, the advisory board will
provide ongoing support and guidance on how to go about raising funds. By possessing previous
knowledge on raising charity funds, they will provide a ...


Anonymous
Just what I was looking for! Super helpful.

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