How can I find a suitable adviser for a startup company?
Hello, I would appreciate if you could share your thoughts on selecting advisers for a startup company. What factors should I consider when selecting an adviser? Thanks in advance for your suggestions.
Best way to apporach this challenge is write up single page job descriptions as if you were looking for the Senior Management Team for your startup business. Because for any startup, the investors are investing in the visionary who founded the business; business plan, guiding the ultimate objective and goals of the business. And finally, the investors will see in the begining that the likely success of the business, depends ultimately on the strenght of the leadership team. All things being equal.
Before choosing an advisor, begin thinking about the weak areas for your startup.This will allow your potential advisor an insight on what to advise you about. Look for an individual or company that has...•A solid product manager in your niche
•Someone with lots of proven online marketing and user acquisition experience
•A well-connected PR person -- especially old-school offline PR
•A finance person with tons of corporate development experience
The best kind of advisor is the type of advisor who is interested in becoming part of your dedicated team at some point.
it depends on what your startup is about, geo area, funds/expenses, business plan.
Go with your gut instincts, pursue your passion but never be afraid to ask other people's opinions. Surround yourself with people you trust or who have been personally recommended.
Look for advisers who are already certifiably successful. You'll get lots of advice from others who haven't demonstrated their success yet. Use a tough mental filter to find a "real" adviser who really knows how to help you. It's best if it's someone in your industry. Sometimes you can find someone who does the same thing you do in another geographic market. Check your industry associations--in fact, attend industry conferences and you'll no doubt find someone perfect.
He should be well versed with the available resources as well as real picture on the current market along with the latest trends .
Assuming your market research has been done thoroughly and that the product/service idea is desirable, feasible & viable - A person good at overall strategic & business planning is a good place to start. Key elements to include are your mission, vision, values, strategies and goals all based on satisfying customer need. A good organizational development person should then be able to help you put the right systems and processes in place with appropriate measures. Pay attention to the culture you want to foster and have all of the above support that culture.
Hi Marty, I know US visa processing is tough and it takes time. But not sure whether US government made any visa concession for Indians to do start-up business in US. However I planned to expand our business to US in near future.