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Fractional C-Suite and Part-Time Director service
4 weeks ago
Benefits of Master License Arrangement for Licensee of Boardroom Advisors
- Reduced Risk: A major benefit for the licensee is the reduced risk of failure. By leveraging the well-established brand reputation, systems, processes, and marketing support of Boardroom Advisors, the licensee can enter new markets with confidence, significantly lowering the risk of financial loss.
- Access to Established Systems and Processes: The licensee gains access to Boardroom Advisors proven business model, operational procedures, and best practices, which help to avoid common pitfalls and operate efficiently.
- Access to Intellectual Property: The licensee can utilize Boardroom Advisors intellectual property, including trademarks and proprietary technologies, providing a competitive edge in the market and enabling the creation of new products and services.
- Training and Support: Ongoing training and support are provided, covering product knowledge, marketing, sales, and customer service. This ensures the licensee develops business skills and can provide excellent service to clients.
- Brand Recognition: The licensee can take advantage of Boardroom Advisors established brand recognition, helping them to attract new clients, advisors, and regional directors, further expanding their reach.
- Exclusive Territory: The licensee operates exclusively within a specified territory or market segment, reducing competition and allowing the licensee to establish themselves as a leader in that market.
- Reduced Investment: By leveraging existing investments from Boardroom Advisors in research, development, and marketing, the licensee can reduce their own investment, lowering costs and improving profitability.
Who Joins Boardroom Advisors
- All Advisors at Boardroom Advisors have extensive real-world experience, including scaling businesses and holding senior roles like Managing Directors or CEOs. They are driven by the success of their clients and enjoy the work they do.
- Joining Boardroom Advisors requires alignment with the company's values and culture, specifically transparency, energy, and teamwork. Ideal candidates have empathy for entrepreneurs in scale-up markets, as well as experience with VCs, PEs, fund portfolio companies, and family businesses.
- A strong desire to engage with entrepreneurs and investors to establish themselves as the trusted advisor of choice is essential. Team energy is key, as business development is a crucial aspect of the role. Advisors will actively participate in generating new leads for themselves and their teams.
- Advisors must also have the ability to fund themselves as they build their Regional Director and Advisor business base. Earnings may take time to build as the business grows.
Master Licensee Arrangement
- Exclusive Territorial Rights: Master Licensees are granted exclusive rights to use the Boardroom Advisors brand, website, case studies, business model, marketing systems, and processes for a set period of time.
- Initial Commitment and Royalties: To get started, the Master Licensee provides a small initial commitment fee, along with 10% royalty payments and 10% shareholding in the licensee company. This structure ensures long-term success and commitment from both parties.
- Ongoing Support: Master Licensees receive initial induction, training, and continuous support, including weekly meetings followed by monthly board meetings for strategic guidance and advice.
Delivering Services to Businesses
- The process begins with an initial meeting with a prospect business by a Regional Director. Boardroom Advisors then introduces the appropriate Advisor to assess objectives and define outcomes.
- Work delivery is usually done on a package or number of days per month, with some engagements turning into longer-term projects. For each business, there is a lead advisor and regional director working together to foster strong B2B relationships.
Types of Work Undertaken by Boardroom Advisors
Boardroom Advisors works in a wide variety of areas, including:
- Strategy Development
- Performance Review
- Systems Development
- Funding Analysis
- Outsourcing and Supplier Analysis
- Pricing Review
- Growth Planning
- Staffing Structure Analysis
- Board Salary Reviews