Advisory Boards This is a topic that’s come up a fair amount lately here. Advisory Boards can be great sources of help for entrepreneurs. They can also be great things to participate in. Here are a handful of quick tips for both sides of the equation. If you are building an advisory board: – Figure out what kind of Advisory Board you want to build — is it one that functions as a group, or is it one that’s a collection of individual advisers, and a Board in name only? – Clarify the mission, role, and expected time required from advisers on paper, both for yourself and for people you ask – Be prepared to pay for people’s time somehow…