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How do you know when it's time to make a change to your advisers?

on August 11, 2014

How do you know when it's time to make a change to your advisers? 

The players in an entrepreneur's orbit aren't likely to remain static over the long term. Entrepreneurs should step back after every major goal and ask themselves whether the current players are the same people to help them achieve their next milestone. The people who can help you establish basic science, for instance, might not be the same group to push you through an early funding round.

While your business advisory board will likely change when investors demand you create a formal board, the process for changing your scientific/medical advisory board is less straightforward. Entrepreneurs will likely need new medical advisers when they start commercializing their technology or are ready to get in front of potential buyers.

FAQs are a weekly feature on eMed for current and aspiring healthcare entrepreneurs.

Category:  Creation  Tags:  FAQ, advisers, advisory board

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