A CAB (Company Advisory Board) is a group of 8 - 10 BMI Members who will serve
as a board of advisors for one another - - i.e., a "mastermind" group. BMI
expects to commence operations of one or more CABs in the Spring of
2005.
CAB Members must be BMI Members. CAB Members will be required to sign mutual
confidentiality agreements, agree to share detailed financial information and
agree not to miss more than two consecutive meetings. Each CAB Member must also
be in control of their company and need to have a minimum number of employees
and annual sales in amount(s) to be determined.
Sounding out issues or decisions with a knowledgeable, yet not directly
involved, peer group can significantly improve the odds of success.
The group focuses on the host company's biggest problem or opportunities. The
CAB then offers solutions and advice. A mastermind occurs as each member shares
their ideas to aid the host. This is audio taped for the host to utilize as a
reference. Confidentiality agreements are signed due to the sharing of
financial information. Meetings include recaps and current developments by CAB
Members present.
A CAB will meet eight times annually, at each member's business. Each meeting
will usually go from 10AM to 5PM.
CAB dues, in an amount to be determined, will be required to be paid quarterly
in advance. CAB dues will be paid in addition to BMI dues.
