What if the key to unlocking your next level of business growth isn’t another tool or tactic—but a room full of trusted advisors?

In this episode of the Vital Wealth Strategies Podcast, host Patrick Lonergan sits down with Evan Kraut, co-founder and managing partner of Board Stream, a company that builds and manages advisory boards as a service. With a rich background in startup growth, private equity, and executive leadership, Evan shares how the right advisory board can help entrepreneurs gain clarity, avoid costly mistakes, and scale more effectively. Whether you’re running a high-growth business or just starting to build out your executive team, this episode offers powerful insights into how to structure strategic, customer, and project advisory boards—and why every entrepreneur should be thinking about this sooner rather than later.

If you’ve ever wondered when it’s time to bring in outside perspective, how to attract the right people to your board, or how to turn feedback into real results—this conversation delivers. Patrick and Evan walk through real-world examples, common pitfalls, and the steps to getting started, giving you a framework that can transform the way you lead and grow your companies.

Key Takeaways:

• Why advisory boards often outperform masterminds and peer groups

• How to know when your business is ready for a formal advisory board

• The difference between strategic, customer, and project advisory boards

• What to include in an effective advisory board charter

• How to keep advisors engaged through structure, communication, and follow-up

• Why diversity of thought is critical to getting better outcomes

• How Board Stream helps entrepreneurs build advisory boards that work

Learn More About Evan:

• Official Website

• LinkedIn

Episode Resources:

• Traction by Gino Wickman

• EOS tools

• BoardStream.ai Resources

Resources:

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Credits:

Sponsored by Vital Wealth

Music by Cephas

Art work by Two Tone Creative

Audio, video, research and copywriting by Victoria O'Brien