Looking for a board? Eight traits that make a quality candidate

An advisory board can be a useful resource for a business at any stage of its growth. Whether you're launching a brand new startup or looking to exit one after a period of successful growth, guidance from experienced leaders in your industry can help you achieve your goals in the most efficient and well-planned way.

If you've never formed an advisory board before, it can be difficult to identify the right members to recruit. Below, eight Young Entrepreneur Council members each share an essential trait of a quality advisor and why that trait makes them a great asset to your business.

1. They challenge the status quo

For me, it's important to find someone who likes to challenge the status quo and isn't held back by the "good old ways" of doing things. The business world is entering a phase of fundamental upheaval as we grapple with the climate crisis, which means we must completely rewrite the "manual of business success" that has been relentlessly followed throughout the 20th century. and the beginning of the 21st century. On our Board of Directors, we need people who are convinced that we can make a positive difference and who have ideas on how to do so. - Robin Saluoks, eAgronomist

2. They have a personality or expertise different from yours

Board members should be different from you in at least one way, be it personality or expertise. The idea is that they have realized different aspects of your vision in their own way and can provide different perspectives that you might not have considered otherwise. For example, if you are a logical, results-oriented thinker, it may be beneficial to have at least one board member who is an emotional, people-oriented thinker. While a good board is one that can work together, harmony isn't necessarily the goal. Advisors on your board should challenge you to see other possibilities and ensure that you consider avenues that may be viable even when they are outside of your expertise. - Liam Leonard, DML Capital

3. They have strong communication skills

When looking for a board advisor, it is essential to look for someone with strong communication skills. It is not enough to hear that action must be taken; people want to know why. A good board member can articulate their position and share their knowledge and experience with others around the table. - John Turner, SeedProd LLC

4. They have a deep passion for your industry

First and foremost, you want to find a board that is passionate about your idea and your industry. This passion will ensure that they are fully invested in helping you grow and succeed. Additionally, a good board advisor should have a wealth of experience and knowledge to share with you. Their advice can be invaluable as you navigate the often difficult world of business. Ultimately, you want a board advisor who believes in your vision and is willing to fight for your success. With the right...