Advisory Board (BoA) 

An Advisory Board is a great way to organize forces around your business with the aim of  realization of your and your company's objectives. We see that especially the better-performing entrepreneurs are aware of their blind spots and seek complementarity. In the current hectic times, this is not a luxury but a necessity. Especially in processes such as business transfer, restructuring and rapid value growth, an objective role makes perfect sense.

Entrepreneurs have many different advisers around them but we see them increasingly filling the need for advice through an Advisory Board. An Advisory Board is less formalized than the formal Supervisory Board. The latter often evokes resistance from entrepreneurs because there is the impression, not often wrongly, that a Supervisory Board actually sits in the entrepreneur's chair. An Advisory Board has no formal role, but the advice given is not ad hoc and non-committal either. It assumes a mutual commitment.

An Advisory Board:

• Builds credibility. Having a strong advisory board can give you a lot of credibility in the market and looks great when speaking to prospective investors and clients. It shows that proven experts believe in what you are doing and are willing to back you.
• Provides connections. The members of the board can make introductions to people who are useful to you and your company. 
  
• Keeps you "awake" in the daily rush and it helps with risk prevention.
  
• Offers inspiration, new opportunities and perspectives.
• Contributes to the professionalism and continuity of your company. It is also important for your relationship with customers, suppliers, financiers and employees.

Next-Round knows from practice what really matters. And we enjoy sharing it!