Thursday, January 12, 2012

Personal Advisory Board

Write down the advice of him who loves you, though you like it not at present. ~ English Proverb

You are Me, incorporated. You are responsible for you, your happiness, your direction, your actions, and eventually, your results!
Whether you own your business, are a partner in a practice, work for a firm, or simply want direction in whatever you are doing, you may be lonely, looking for direction, or simply enjoy a sounding board of sorts! This is where a Personal Advisory Board (PAB) comes into play…

A PAB is a group of people you like, admire, trust and respect, who want the best for you and have other expertise/perspective than you do. The PAB consists of whomever you like, and I find it is most successful when you have no more than 10 people on it, and minimally, you have the following roles defined:

Driver – someone to whom you are accountable (likely a spouse, partner)
Cheerleader – someone who sees the good in you and most things, who believes you can do most anything (could be your parent or best friend)
Strategist – a business person who has a perspective of what may or may not work, timing and opportunities (someone you admire for his or her big picture thinking)
Problem-solver – someone who is a detail person who looks for resolve instead of conversation (a go-to person for issues)
Mentor – someone in your industry who can assist with industry or company issues (they have expertise in your field)
Coach – someone who can ask the what and how questions and give ideas from other similar situations (not a friend, could be a professional coach, a former teacher of yours, someone you trust and confide in from personal to professional issues – not part of your industry, likely)

The Personal Advisory Board members are not financially compensated, but you may want to consider a special gift of thanks each year for your Board. Your PAB can be a yearly requested role for a person that starts in January or February and ends in December, as you do not want to overstep your request, or for someone to overstay his/her influence. Set the request, expectations and time up front, so each requested Board member can decide if there is a fit for him/her. You likely will interact with your PAB once a quarter in a meeting in person, via the web or phone, and you may chat with them in between. Ensure your dates and times are set at the onset of the PAB requests.

Often we find ourselves needing advice and counsel, or we are just misdirected. With a Personal Advisory Board, often the distractions or misfires can be avoided, or minimally calmed and repositioned to ensure success and growth in the year ahead!

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