Executive Director of WEConnect International in the Caribbean Yaneek Page recently shared advice on how and why small businesses should create advisory boards in a recent article in The Gleaner. Writes Page:
“A large number of businesses rely exclusively on a single individual, usually the sole proprietor, for strategic management, governance and all aspects of leadership. That individual is typically the businesses’ sole source of knowledge, expertise and experience to influence critical decision-making.
It is an extremely tall order for any one person to fulfill. It should, therefore, come as no surprise that when compared to a company with a well-functioning, qualified and effective board of directors, a small business with no board is likely at a significant disadvantage.”