4 Reasons Why You Need Advisors in Your Blockchain Company
Blockchain Technology is a complex one and with the seeming adoption and application in many facets of businesses, it cements itself as the leveler of the 4th industrial revolution. Founding a blockchain company or project is not enough. However, the success or failure will depend on the kind of team you build.
Employing a core team will not be sufficient to execute your plans for completion. That is the reason why you need smart minds and experts in the field to advise your business.
Advisors bring extra knowledge to enhance the execution of your vision. That notwithstanding, having an A-class team of advisors does not necessarily guarantee success. There have been many failed ICOs and blockchain projects, even though they boasted of some of the best backers you can think of. Therefore, you need to conduct thorough research on the background of the advisors before you bring them on board.
Your team of advisors should compose of skilled individuals in different fields, most preferably Cryptocurrency, ICOs, and blockchain. Others expertise should include fintech, marketing, law, technology, media, management, and partnerships, just to list a few.
Advisors are a necessity, they are valuable and here's why you need to consider them as a priority when building your team.
1. Advisors Help fine-tune Your Overall business model
It is important to have a third eye to review your business model and add the right inputs. Advisors can advise on the project’s technology, whitepaper, token creation, hiring, private sales, and smart contracts.
2. Advisors connect you to the right partners
Your blockchain project will definitely need partners to survive and grow. Advisors with extensive social and business network will help you expand your services. The right experts will lead you to engage with the right partners for your project.
3. Advisors can give your project the desired International exposure
Your project’s goal is to transcend borders and have the maximum impact. So, if you have an advisor with international experience and exposure, it is likely, as he trumpets your company, it will gain global traction.
4. Advisors can help you reach your investment goals
If you need an advisor for such a role, it should be clearly defined from the onset. Experts in investments would be ideal for this task. Advisors who have experience in strategic investment will induce confidence in your company. They can direct which ways to seek the required funds to implement your project.
