We Sell Exceptional Businesses for Premium Values
By Telling Strategic Stories

Our Blog

Through the Fresnel Lense

Viewing entries tagged with 'Board of Directors'

The Importance of an Outside Advisory Team

Posted by Jeff Muir on 13 November 2015 | Comments

Tags: ,

One of the major challenges for business owners is getting objective advice and counsel.  Family members often want to support the owner, knowing how hard they work to make the business a success.  Employees are eager to please the boss and are hesitant to offer any view that could be construed as criticism.  Many other outside interests provide the owner with advice geared toward convincing he or she to buy what they are selling.  Even long time outside advisors, like CPAs and attorneys, can be very good at solving problems and completing tasks but do not provide strategic counsel to the client.  In some cases, the advisor is not asked to be part of the business’ strategic planning.  In others, strategic planning may not be the advisor’s strength.

comment(s) | Read the full post

Viewing entries tagged with 'Board of Directors'

The Importance of an Outside Advisory Team

Posted by Jeff Muir on 13 November 2015 | Comments

Tags: ,

One of the major challenges for business owners is getting objective advice and counsel.  Family members often want to support the owner, knowing how hard they work to make the business a success.  Employees are eager to please the boss and are hesitant to offer any view that could be construed as criticism.  Many other outside interests provide the owner with advice geared toward convincing he or she to buy what they are selling.  Even long time outside advisors, like CPAs and attorneys, can be very good at solving problems and completing tasks but do not provide strategic counsel to the client.  In some cases, the advisor is not asked to be part of the business’ strategic planning.  In others, strategic planning may not be the advisor’s strength.

comment(s) | Read the full post