Experienced minds equal a smarter business. Filling an advisory board with the most capable people, who will help you make the right business decisions, is a great boost for any business. That being said, how do you find the right people to take a seat and get on board?
Each Wednesday, join me, Peter Finn, managing director of FACE Contracting, as I navigate the ups and downs of the mining industry with forward-thinking professionals from all walks of life. If you’re involved in the mining industry in any way – whether you’re a lifer or a high-school student looking to make the leap – Full Production is the podcast for you.
On today’s episode of Full Production, we hear from Craig Hook, the man behind Strategic Intent Consulting – an advisory board facilitation company. With over 30 years’ experience in the industry, he coaches executive teams on improving business performance, strategies and team leadership. Not only that, he’s the chair of the membership committee for the WA Mining Club (WAMC), a member based organisation designed for networking and discussion amongst mining professionals.
Our chat surrounds the importance of gathering a meaningful advisory board as well as why appointing an entrepreneurially spirited advisor is the best bet for business.
We also discuss:
- The WAMC and Craig’s role in it
- The good intentions of the junior professionals
- Having a gut feeling for good prospects
- Why you should form the right advisory board
- Understanding the capability gap
- Getting the right fit for the position
- Experienced entrepreneurs, and what they can bring to the table
- The value of younger mentors
- Shareholder agreements – the disruptor prevention scheme
- Craig’s work history from WesTrac to consultant
- The beauty of scholarships
- The fall in team-based mining