FAQ
-
What is the purpose of The REI Board?
The REI Board is dedicated to fostering a collaborative and supportive relationship to help companies achieve their goals. We focus on effective communication to ensure the success of our advisory relationships.
-
What role does The REI Board play as an advisory board?
As an advisory board, we act as a strategic guide, offering insights, advice, and support tailored to your unique challenges and ambitions. This includes quarterly meetings, providing expert advice, assisting in identifying opportunities, and offering resources and referrals.
-
How often does The REI Board meet with advisory clients?
The REI Board typically holds quarterly meetings to discuss your progress, address challenges, and share valuable insights and strategies. Additionally, we understand that unique situations may arise, necessitating more frequent collaboration. In such cases, the availability of additional meetings is considered based on the specific circumstances and needs of your company, ensuring that our support is adaptive and responsive to your evolving requirements.
-
Can The REI Board help in enhancing my company's credibility?
Yes, you can leverage our names, credentials, biographies, photos, and experience in your marketing materials and communications with investors, lenders, brokers, etc., to build credibility for your company.
-
Does The REI Board offer deal evaluations?
Yes, we provide up to one high-level deal evaluation per quarter for awarded deals. The company needs to provide underwriting and any additional information required for the assessment.
-
What kind of support can I expect from The REI Board?
You can expect support in making critical business decisions, capitalizing on new opportunities, and getting a sounding board for ideas and strategies. We also recommend resources and referrals within our network.
-
How do I apply to The REI Board?
By submitting the application on our portal, you take the first step towards potentially joining a community of driven and dedicated professionals.
-
What happens after I submit the application?
After submission, we will review your application to understand more about you and explore how we can contribute to your growth and success.
-
Are there any confidentiality agreements involved with The REI Board's services?
As we deal with sensitive business information, confidentiality agreements are typically part of our service agreements to protect both parties' interests.
-
What is the typical investment structure for engaging with an advisory board?
When engaging an advisory board there can be numerous compensation models between the advisor and the company. This may include equity and/or a flat rate fee. The choice of model and the amount of compensation vary depending on the specific tasks of the advisor, the expertise of the advisor, the needs of the company, the value the advisor provides, and many other variables. It is not uncommon to see single to double-digit equity compensation, and/or five to six figure annual flat rate compensation.
-
What is the typical length of service when engaging with The REI Board?
Most companies engage with an advisory board like The REI Board for a period of 3-5 years. The minimum commitment we expect from our clients is one year. This timeframe allows for a deep and meaningful collaboration, enabling us to fully understand and support your long-term objectives and witness the evolution and success of your strategies.