Team Tip of the Month (Global)

If properly used, a Business Advisory Board can serve as a tremendous asset to your SIFE team. This group can provide mentorship and guidance for your team, advice on projects, an introduction of your team to other leaders in the community, access to needed resources, and is a good source to critique your presentation before the actual competition.

For identifying potential Business Advisory Board members, consider looking at the following groups for candidates:

• SIFE team alumni are a good foundation for your Business Advisory Board.
• SIFE companies with a presence in your community.
• Leading business, educational and civic organizations in your community.
• Businesses that would have an interest in and be able to provide guidance for a specific project.
• Members of the mass media.
  

There is no perfect formula for working with your Business Advisory Board. Most teams don’t create a formal organization with regular meetings, but rather choose to work with the members of their Business Advisory Board individually on specific projects. However, at the very least, we suggest you meet with your entire board at least twice a year; once at the beginning of the year to review planned projects and to introduce them to new team members, and sometime in the spring to practice your competition presentation.

For more information, tips and rules please refer to the Global Training Manual at page 42.