The Champagne Strategy Podcast – Episode 6 – Business Advisory Boards

In this episode we spoke to Louise Broekman about business advisory. How to obtain the best advice as a business owner and the pros and cons of each option.

Every business right now is looking at ways to maximize the economics within their organisations.

Louise is the founder of The Advisory Board Center, the world’s only global body for formalized advisory boards. In this interview she explains why it can be so effective to leverage world-class, independent advisers who work collaboratively to solve complex business problems.

We discuss the difference between an advisors and consultants, her success using an advisory board to grow her own company, why the US was obsessed with Australian lemon myrtle during WW2 and even penguins.

If you are a business owner, board member, executive or entrepreneur, this is essential listening. Great advice can help the avoidance of predatory practice, conflicts of interest and business risk. When asked about the advisory board scene, she says, “It’s about what’s next…it’s blue sky…it’s very optimistic”.

There are so many juicy nuggets of wisdom, tips, tricks, books to read and methods to follow.

A must listen for all business owners, board members, advisers, consultants and entrepreneurs.

Short Teaser Video

https://www.linkedin.com/posts/officialjohnjames_advisory-activity-6683936050978680832-XdBL

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References Made in the Episode

Twinings tea https://www.twinings.co.uk/tea/fruit-herbal/lemon-ginger-20-tea-bags

Lizard Island https://en.wikipedia.org/wiki/Lizard_Island

Lemon Myrtle (i mentioned Limonene but it is Citral which is the main chemical flavouring ingredient) https://anfab.org.au/main.asp?_=Lemon%20Myrtle

Steve Jobs and consulting https://www.youtube.com/watch?v=bYgigNVjKA0&t=74s

YCombinator 2014 playbook https://startupclass.samaltman.com/ vs current advice https://www.ycombinator.com/resources/

Our Iceberg is Melting – John Kotter – https://www.amazon.com.au/Our-Iceberg-Melting-Succeeding-Conditions/dp/0399563911

Questions at the End

Books Louise is Reading

Excell for dummies https://www.booktopia.com.au/excel-2019-for-dummies-greg-harvey/book/9781119513322.html

Think like Amazon – John Rossman https://www.amazon.com.au/Think-Like-Amazon-Become-Digital-ebook/dp/B07K3ZZC7D

Dr Seuz – Oh the Places You’ll Go https://www.amazon.com.au/Oh-Places-Youll-Dr-Seuss/dp/0679805273

Favourite Website

World Health Organisation https://www.who.int/

Piece of tech they can’t do without

Zoom https://zoom.us/

Shameless Plug

The Advisory Board Center Website

Best Method of Contact

LinkedIn

Other mentions

Best practice framework for Advisory Boards https://www.advisoryboardcentre.com.au/abf101-advisory-board-best-practice-framework/abf101-download/

SBS (Australian Broadcaster) https://www.sbs.com.au/

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Credits

This episode was edited and produced by:

John James and Tim Beanland

Sonic Branding by Connor Armstrong