Friends It is a group of professionals, each Ws Numbers List with a respective specialty. One might be an IP attorney while another a retired CEO. You Ws Numbers List are not looking for a group of yes men. If you build a great board, each member will Ws Numbers List have more experience than you and each will know much more than you. If you feel like Ws Numbers List the dumbest person in the room, you are on the right track.
Your board of advisors will not join you Ws Numbers List for the money, but there are costs involved. It is a good idea to compensate your Ws Numbers List advisors. At least, you should cover their expenses. Do they need to travel to your board Ws Numbers List meetings? Are there a hotel and other expenses? It is also advisable to pay per meeting.
A fee that might be a few hundred or a Ws Numbers List few thousand dollars. In addition to monetary compensation, you could choose to Ws Numbers List offer stock as payment. IP (Intellectual Property) Most small business owners care most Ws Numbers List about time and money. Some understand that IP is as good as money.