Business Advisory Board

Advisory Boards can serve many purposes and are set up for a wide variety of reasons. They can be established to lend credibility to a business, they can be set up to keep you accountable and supported, they can exist to open doors and create networks, and sometimes they can also be created like statutory boards for regulatory, governance or compliance reasons.

Our Experience

We have 15 years experience working with the Women on Boards organisation, which has supported over 5,000 women into board roles across the whole gamut of growth businesses, superannuation funds, industry bodies, not for profits, and government boards. HUBB has also delivered a program for Women on Boards that has been running since 2018 that is designed to support very accomplished female directors into ASX listed company board roles. The program has resulted in a 32% success rate over the period and the program currently has approximately 150 alumni. We have also advised and assisted in the construction of over 60 public unlisted company boards and worked with numerous listed small cap boards & growth businesses on the subject of Board composition & Board Performance.

With decades of top-tier experience in business coaching, HUBB has unique and extensive contacts in business and investing, and we are able to help you build a board which works for you.

Our Approach:

Why Having a Business Advisory Board?

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Safe place to ask questions.

HUBB is a great place to ask questions on how you should be operating and driving your board

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Build business relationships.

HUBB represents a very time effective way to build and sustain business relationships. It is a great place to make connections and develop relationships to be able to access people you need for your board

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Extended HUBB events access.

HUBB members are able to invite their board members to attend HUBB events as guests, where collectively you have access to our experts, coaches, and fellow business leaders to assist with any business need at any point of time.

What Our Members Say?

  • Andrew Nicholls

    Hubb welcomes me to a community of significant  business leaders in their own right,  who are generous in their assistance and advice, and provides a safe forum to those of us in leadership roles.

    Andrew Nicholls

    Sector Expert for Financial Advisory and Tax, NCS Group

  • Heather Marano

    Joining HUBB has been one of the most valuable things I have done for my business in the last year. I’ve found a like minded community of supportive, generous and authentic business owners, who are as invested in the growth of my business as I am.

    Heather Marano

    Sector Expert for Awards and PR, Green Door Co

  • Gonz Almeida

    The perfect synchronicity is found at HUBB, where building relationships and gathering the knowledge from a diversified and wide array of well respected business leaders in their industries, who have experienced many of the hurdles we all at some stage will go through and are able and excited to share their experiences.

    Gonz Almeida

    CEO Panellist, StreetStrong

  • What HUBB has done exceptionally well is create a space where seasoned and new business leaders come together to share their journey with each other. We met other young enthusiastic founders on a similar journey, facing similar challenges. We got to know and learn from people who had already weathered these storms and had great tips for us. Best of all, we felt part of a community.

    Diana Ayoub

    CEO Panellist, Sh8peshifters

  • James Ritchie

    Being part of the HUBB community has been one of the wisest investments we have made for The Mindful Risk Group. Part business owner group therapy, part cheer squad, part advisory board, the support for the journey of our business as well as getting the chance to surround ourselves with amazing business people has been enlightening.

    James Ritchie

    CEO Panellist, The Mindful Risk Group

  • I wasn’t sure what to expect when I entered into on-line coaching (with Dan ) – being a self-starter means you work your own way through great slabs of uncharted territory!  But having that coaching is now a potent and powerful ingredient of my direction with my work. I gained a better perspective, solid and insightful advice, experienced a real interest and understanding of the how and why of my business.  Enormously grateful for the value it has added, and so pleased to have companionship on this journey.

    Maria Issaris

    Founder of audiobooksradio

Are advisory boards time consuming?

They can be a poor use of your time or a great investment of a relatively small amount of time. It all depends on how you set them up. The maintenance can be as simple as one advisory board lunch per year paired with quarterly verbal briefings and an annual one-page set of notes. Or the maintenance can include monthly meetings with a full Board pack including financials. However the full pack & monthly board meetings can be very time consuming for both business leaders and directors. The time commitment of boards will depend on what you need it to do. We will guide you on finding a fair exchange of value, being clear about what you need and engaging Directors that are energised by your success.

How do I know the directors will give me what I need?

By being very clear what you want from the board and what you want your directors to be. Only engage the people you are sure can give you what you need. Stating very clearly what you expect from each other and what success looks like, is vital.

Can I use my board to get introductions to clients?

Generally it’s expected boards members will open up their networks to the companies they serve. Just be careful though. If this is all you want from your directors, It will rarely be a fair exchange of value and generally Board members will want to add value in other ways as well.

Will advisory board members invest in my business?

Often yes. Board members will also expect to invest on better terms than other investors. However, similar to the previous FAQ if you’re setting up the board solely to get investors, you may end up out of exchange with your Board Members.

How much do I have to pay my board members?

What you pay a Board member, and whether you pay in cash or equity, will depend on that fair exchange of value that you are working towards, and how easy or hard it is for them to give you what you need. The bigger the ask and the more you expect from them, typically speaking the more you will have to pay. The more risk your company attracts & the more risk your board has to deal with, the more you will have to pay. As a guide, Statutory boards in public companies or large private companies will typically pay their directors between $40,000 to $170,000 per annum in a combination of cash, options and equity. Smaller private businesses might pay $10,000 to $40,000 in cash or equity of a combination. Also in some situations, businesses might not pay anything to their boards if the responsibilities are light and supporting the business is interesting and energising work.