Q: What value can an Advisory Board add to my business?
A: The “value” of a distribution business is complex. From a financial perspective it is very often measured by a multiple of cash flow, which arrives at a dollar value. The value can also be measured in the “lifestyle” it creates for the owner and his family. Also, value can be measured in the company’s contribution to the community. An advisory board can help the ownership of distribution companies think about, define, plan for and monitor those values that are important to the owners of the business.