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The Benefits of Peer Advisory Groups

Benefits of Peer Advisory GroupsAs a business owner or senior level executive, who do you turn to when you have a question, problem, or concern? You are supposed to be the authority in your company, but you can’t possible know everything. So what do you do? The answer can be Peer Advisory Groups. These groups, which are composed of other business owners and senior level executive from a diverse group of industries, act as a forum to discuss problems and share best practices.

The Benefits of Peer Advisory Groups

  1. Support: It can be lonely at the top. Peer advisory groups provide business owners and senior level executives with support from other business owners and senior level executives, individuals who know what each other are going through. Meeting with a peer group can provide the opportunity to speak confidentially with other senior level managers who face the same issue.
  2. Advice: As a business owner or senior level executive, you are under constant pressure, but you don’t always know what to do. Peer advisory groups act as an informal advisory board.
  3. Networking: Peer advisory groups also act as networking groups, connecting you with business owners and senior level executives. Networking is key to growing and thriving in the business world.

Benefits of Peer Advisory GroupsIf you have any questions about The Benefits of Peer Advisory Groups, please contact Offit Kurman business law attorney, Ted Offit at toffit@offitkurman.com or 301.575.0304. Mr. Offit often serves as special counsel to businesses seeking to implement succession plans through a sale (merger and acquisition) or through transfers to affiliates (family members and employees).

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Using an Executive Peer Advisory Group to Your Advantage