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Detailed text transcripts for TV channel - MSNBC - 20101211:10:39:00

generates much higher level conversations than the pure counseling wayne talked about. what do you need, jeff, to get someone on your advisory board to get them interested or do you need to give them anything? one of the bottom line issues, you have to have people on the board interest in your business. you cannot in sent them in a way beyond their interest in your product or service or you personally. i completely agree here. you have to have a clear objective for the board. wayne how often can you ask them to meet and how? over e-mail, the phone, in person? i think it s a very formal process, everything from board design to selection and purpose should be a very deliberate process, maybe even a process that takes as long as a year before you even have your first board meeting. typically, they meet three to four times a year, compensated at a ceo level for their time and effort, their expenses would be reimbursed and all those things. i think it s a very even for a small bus

Detailed text transcripts for TV channel - MSNBC - 20101205:12:39:00

board interested? do you need to give them anything? it s one of the bottom line issues here is you have to have people on the board interested in your business because you cannot insent them in a way beyond their interest or product or service or you personally. i completely agree here. you have to have a clear objective for the board. wayne, how often can you ask them to meet and how should you ask them to meet? it s a very formal process. everything from board design to purpose should be a deliberate process and maybe even a process that takes as long as a year before you have your first board meeting. a board will meet three to four times a year and be compensated at a ceo level for their time and effort and expenses would be reimbursed and those things. even for a small business in this case a struggling business even for an advisory board? i think again the thing to me about advisory boards when we deal with entrepreneurs and startup situations a lot of what

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