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Most reliable research on Family Business says that those with an advisory board out perform those without one.

Most reliable research on Family Business says that those with an advisory board out perform those without one.
If your family business is only listening to other family members then you are missing out on the experience, knowledge and wisdom of others. You need to add advisory board members who add value and not just a different skill set.
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How should a family business choose an external advisor?

How should a family business choose an external advisor?
Look for someone who adds value to the family and the business. Most successful families in business understand that they do not have all the skills to be successful in the long term. Many set up advisory panels or boards after conducting a skills gap analysis
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