How To Make the Advisor Role Successful Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing. Startup advisors can be a great resource to founders. Here are some key factors that can make the advisor role successful Be selective in choosing them. Look for an advisor who is the best in their field. Timeline is a key factor. Find an advisor who can help now and not sometime in the future. Set achievable goals that everyone understands. Use milestones to set the goals so it’s clear what needs to be done. Determine how to work together. This includes timelines and who will do what. Determine the compensation and gain agreement on it. Have a backup plan in case things don’t work out. In choosing an advisor, consider the stage of the company, the industry sector, and the work to be done. Fundraising work is typically compensated more than general advice. Consider these factors for your advisor engagement. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _________________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact info@tencapital.group Please follow, share, and leave a review. Music courtesy of Bensound.

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.