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Adding hands off value

by VOCASO - Thought leadership


How to add value to a start-up as an advisor without getting too involved.





1. Define your role: Clearly define your role as an advisor from the beginning. Set expectations with the start-up founders regarding the time commitment, level of involvement, and areas where you can provide the most value.


2. Identify your expertise: Determine your areas of expertise and focus on providing guidance in those specific areas. This allows you to leverage your knowledge and experience effectively without spreading yourself too thin.


3. Provide strategic advice: Offer strategic insights and guidance based on your industry knowledge and experience. Help the start-up founders identify opportunities, navigate challenges, and make informed decisions.


4. Offer introductions and connections: Leverage your network and connections to introduce the start-up to potential clients, partners, investors, or other relevant contacts. These introductions can significantly benefit the start-up's growth and expansion.





5. Conduct periodic check-ins: Schedule regular check-in meetings or calls to review progress, provide feedback, and address any questions or concerns. This ensures that you stay informed about the start-up's activities without being excessively involved.


6. Share resources and tools: Provide access to valuable resources, tools, or frameworks that can benefit the start-up's operations, such as industry reports, market research, or productivity software. Share these resources selectively, focusing on high-impact areas.


7. Act as a sounding board: Be available for the start-up founders to bounce ideas off and seek advice when needed. Act as a sounding board for their thoughts and concerns, offering an objective perspective and helping them clarify their thinking.






8. Attend key meetings or events: Offer to attend important meetings, pitches, or events as a representative or supporter of the start-up. Your presence can lend credibility and help build trust with potential partners, investors, or clients.


9. Mentorship and coaching: Provide mentorship and coaching to the start-up founders, helping them develop their skills and leadership capabilities. Share lessons from your own experiences and provide guidance on personal and professional growth.


10. Respect boundaries: Remember that you are an advisor and not an employee or co-founder. Respect the boundaries set between you and the start-up founders, allowing them to make their own decisions and learn from their experiences.


By following these guidelines, you can add value to a start-up as an advisor while maintaining an appropriate level of involvement. It's important to establish clear expectations and communicate openly with the founders to ensure a mutually beneficial advisory relationship.



Thought leadership by VOCASO




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