One of the best tools in an entrepreneur's arsenal is a board of advisors. However, choosing those individuals and determining how to use their expertise for your benefit can be overwhelming.
However, choosing those individuals and determining how to use their expertise for your benefit can be overwhelming. Here are Deland's nine tips for picking the perfect board members, what questions you should ask them, and how to break up if ther relationship isn't beneficial. Entrepreneurs who are building their boards would benefit from finding a peer mentor in another founder, Deland said. "Find someone who's on the same journey as you," she added. "You'll be able to trade war stories and strategize behind the scenes.
"You don't want them to hold back their opinions for your feelings," Deland said. "You want them to trust that you're really seeking out someone who is going to give constructive and helpful feedback and not act as a cheerleader." Don't shy away from asking questions that encourage candid responses, Deland said.
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