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Your Business Needs a Board of Advisors
Thursday, July 5, 2012, 4:18 PM
[General]
Well, whatever you want to call it, no matter how many individuals you decide to have on your board and no matter if you want to organize it yourself or have a trained professional help out, you really need to have an advisory board to make your business grow as you know it should. After all, you are good but is it always nice to know, "who's got your back". Good luck.
There are a number of organizations out there who offer to do this for you, for a fee. This may be the right thing for you and your business. One good one is the Renaissance Executive Forums. ( ) They have trained facilitators to help you through the process and have many regional groups. A couple of organizations call themselves "Master Mind Groups". There are several different websites you can search. The "Master Mind Groups" get their name from a book by Napoleon Hill call, "Think and Grow Rich" where Mr. Hill discusses this very thing. On page 154 of Mr. Hill's book it states, "The 'Master Mind' may be defined as: 'Coordination of knowledge and effort,Cheap Shannon Sharpe Jersey, in a spirit of harmony, between two or more people, for the attainment of a definite purpose'." The last organization I want to mention is called ProGrowth TEAM. ( ) The word TEAM stands for Together Everyone Achieves More. This group has various regional organizations.
To do this you will need to decide what the goals are for the group; when, where and how often you should meet and what the role will be for your committee. You also have to decide to carefully weigh their advice and act on it if and when it makes sense. No one wants to advise someone who will never take or use their advice. Once you have an outline for the committee and you have decided whose help you need and what disciplines you need most, then sit down with each person and lay out the plan for the your advisory board, and win their participation, cooperation and support. Maybe you buy them lunch or offer some kind of remuneration. The publicly traded corporations pay the directors who sit on their boards fairly large sums of money and pay for all their travel expenses. I think, however, you can get it done for little or no out of pocket expense.
I am talking about establishing a Board of Directors,Cheap LeGarrette Blount Jersey, a Brain Trust, an Advisory Board, a Senior Executive Committee, a Think Tank. Whatever you want to call it, a team of people that you trust and that can give you a different perspective; some fresh eyes; an ear to the ground; a different slant on things; a set of experiences that you do not have. This can be from 2 to 10 individuals that have expertise in different fields of labor. Some examples could be: your accountant, your lawyer, your spouse, one of your adult children, a college professor, your insurance agent, one of your suppliers, a very trusted customer or friend, a marketing expert, an advertising professional, your investment advisor; the list goes on. Forming this group is not a sign of weakness; it is a sign that you understand your strengths and weaknesses and that you want to augment your weaknesses.
So, you think you can grow your business all on your own? Maybe? Probably not,Cheap Earl Thomas Jersey, however. It is a monumental task to start, manage and grow a small business. Most people do not have the time, energy, experience or brain power to do it all alone. Most think they can, but once they get the business started they realize their inadequacies and how hard it is to get the business to where it can and should be. Is it time to give up? No! Do you decide to just stay small? That is your decision. But if you want to grow it to where it will support you and your family and to where it will be your source of retirement, then you need "a little help from your friends".
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