Despite the benefits—too few entrepreneurs have one
Highlights
- Very few—6%—Canadian small and medium-sized businesses use an advisory board.
- In fact, 57% of respondents without an advisory board felt that implementing one required too much work, time and effort.
- Companies with an advisory board do better financially and get invaluable advice.
- Companies that created an advisory board saw their sales grow almost three times faster in the following three years than in the previous three years.
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To read the original article: First–ever Canadian study on the impact of advisory boards| BDC.ca