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Things you should know about peer advisory boards

Results of some published studies about peer advisory boards show:

Fast Company Magazine and Business.com sited several statistics regarding business owners who participate in a facilitated peer advisory board.

  • 64% report an increase in bottom line profitability
  • 56% report an increase in top line sales
  • 60% report an increase in productivity

The overall positive revenue impact of a peer advisory board can be from 19-43% of gross revenues

A study from the Small Business Administration showed that business owners with an advisory board grew 44% over the four year study while those without one grew 25%.

It’s been said that we can share 90% of our business life with anyone.  It’s the other 10% where a trusted group of advisors can make an enormous difference.

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