Build Your Own Board Of Experts
The most successful entrepreneurs rely on their advisory boards to help spot new opportunities and potential pitfalls.
Now you can have your own advisory board: a shadow board of directors.
A shadow board of directors is a low-tech technique for accessing the expertise of others and increasing your confidence and options. A shadow board can help you get a variety of perspectives and access to information just like a regular board. Shadow boards of directors can push you out of your rut and help you find alternative solutions and expert advice. The only difference between a regular board and a shadow board is that shadow boards exist only in your own imagination.
Because your shadow board is portable, light and easy to carry, it's always available. It will challenge you to sharpen your thinking skills and expand your perspective. Your shadow board of directors teaches you to consider the views of others whether you agree with them or not. It also makes available experts who are living or dead, known to you or strangers; talent you could never buy.
To build your shadow board of directors, choose a variety of people for their strengths and skills. Choose them for their specific skills and talents, knowledge and gifts, no matter what their limitations might be. You'll be tapping their strengths, not their limitations.
Make sure you have the people you need or could profit from, no matter how outrageous anyone else might find them.
Use your shadow board of directors to help you think through and make tough decisions. You'll use them for input and advice.Some of the members will change depending on the topics or the questions, others will be your old standbys.
My standard members include Einstein, just because he was so smart. I can only hope to emulate his thinking process. Liz Taylor is on my list because she is gorgeous no matter what her size, very loyal to her friends, not afraid to speak out on difficult or unpopular issues, and is one classy lady. I just wish I had her violet eyes.
Marti Burns is a composite character, a combination of two cognitive therapists: David Burns, who wrote Feeling Good: The New Mood Therapy, the best book on combating depression I have read and recommended, and Martin Seligman, a psychologist whose pioneering work includes Learned Optimism and What You Can Change... and What You Can't. Together these two men, in my embodiment of Marti Burns, help me deal with my bouts of feeling bad and help me confront myself when I get into irrational thinking. I also check in with them when I'm faced with clients who present difficult interpersonal issues.
Jane Johnson is another composite member, taken from two friends and colleagues who are the best technical manager and human resources manager I've been privileged to work with. Their high ethical and moral stance, willingness to do the hard work, and clarity in thought and action challenge me to meet their level of expertise. I ask them how they would handle the hard situations I face in corporate consulting challenges. Then I listen.
For family issues, I look to Fitzhugh Gottman, another composite character. He is a combination of Fitzhugh Dodson, my favorite child rearing expert and John Gottman, known for his solid, experience based work with couples and relationships. No sound bites or stereotypes for these two. They know what works for kids and couples.
The list could go on, but you get the picture. These are people I have known personally, or through their work, or in my image of them. I match their expertise to the challenges I face.
If my question involves critical thinking and creativity, Einstein is always the chairman of the board. But I don't even think to include him for grooming or social questions. Liz gets the honors here. A quick conversation in my head with her, and I know how to solve the problem with dispatch, class, and grace. I wouldn't use her as my marriage consultant, though. Wedding consultant, yes; marriage consultant, never.
A shadow board of directors complements the real experts you know and rely on. They can get you started with your own research, in your local library, browsing bookstores, and searching the Internet. By going step by step, asking good questions, and thinking through the answers, you'll get closer to the information you need to help you face your challenges.
Start building your own Shadow Board today.
(c) 2004, Pat Wiklund. All rights in all media reserved. This article may be reprinted so long as it is kept intact with the copyright and by-line.
About The Author
Business coach Pat Wiklund works with entrepreneurs who want to make and keep more money from their businesses. Assess your one-person business with her free business tune up ecourse: pat3-32222@autocontractor.com. Contact Pat at pat@leadinganorganizationofone.com
|
|
|
RELATED ARTICLES
Cross Polination of Innovations in the Cleaning Industry
According to the latest edition of Pool and Spa news; the costs of maintaining a pool, maintenance service averages about $30.00 to $150 per month depending on competition, size of pool and area you live in. This seems similar to maintenance costs associated with cleaning of the family cars if you hire out a mobile detailing service or mobile car wash. For this reason we have been studying their industry for parallels and ways to incorporate some of their methodology, software for scheduling and other anomalies associated with that industry for ideas to incorporate into ours.
Entrepreneurship: What does it REALLY mean?
Introduction:
When Your Business Feels Like an Arranged Marriage
Q. I was laid off six months ago. Jobs in my field are scarce so I moved
to a new town to start a home business. People have paid me for
everything from website maintenance to pet sitting.
The Fear Factor
I recently conducted a lil' survey asking my colleagues what were their biggest fears when thinking about starting a business or running their business. The following are the top three fears that resulted from my survey and some ways to combat them.
How To Start a New Business
While it is tempting to just leap into a new business because of it's exciting possibilities, a few key planning points will vastly increase your chances of success. These steps aren't difficult, but they're easy to skip. Many businesses ultimately depend on a slim profit margin, so planning can really help the process. Too many restaurant patrons, for instance, assume that running a restaurant seems fun because of the many restaurants they have visited, but restaurants have an especially high failure rate.
An Entrepreneur and a Life To Be Remembered
I was reminded of my own mortality today. I guess you can say I had a near death experience, though the death I experienced was not my own.
PTO; Justification of the Means and the Ends
Some would say about certain issues that the means do not justify the ends. Well more often the ends do not justify the means. For instance if you are trying to accomplish something and know that if you do use the most approved PC methods then you cannot get to the desired results, but use those methods anyway as to not appear to offend anyone, then in the end you offend everyone by wasting their time and by failure of the project.
Be An Entrepreneurial Artist: Paint A Picture, then Commit It to Canvas
James had an original concept and he needed an investor. He had a compelling business idea that was a sure winner with the right financial backing. James painted a great picture of the vision he had for his business, but there was just one problem: James wanted to be a businessman, when he needed to be an artist.
Do You Have What It Takes?
I think it's fair to say that not everyone is cut out to be a successful business owner, now some of you maybe disputing this statement but hear me out.
Definition of Entrepreneur
Entrepreneur
Solving the Million Dollar Mystery: 4 Steps To Create A Turn-Key Business
You're a smart, hardworking entrepreneur, and you're moving fast. You are highly educated in your field and your business is growing and getting busier each day. But somehow, you find yourself stuck. You're doing more tasks that take you away from your core business, you are working more and earning less. You need help. Wouldn't it be great if there was someone, anyone out there who could help you take away some of the daily tasks so you could focus on the things you really love?
How Entrepreneurs Succeed - The 5 Qualities Needed For Business Success
What is it that sets a successful businessperson apart from an average businessperson? Is it down to pure and simple luck, or is it all about having an amazing idea and a successful and strategic business plan in place?
Part-Time/In-Home Business - Low Expense and Low Risk
As a first time entrepreneur, there are a variety of franchises, dealerships, distributorships, and licensing opportunities available for purchase. Many of these you can start by working part-time from your home. In doing so, you save thousands of dollars in start up and operating costs, while at the same time reducing your overall risk.
How To Grow Your Micro-Business
If you want to grow your micro-business (defined as a
business with fewer than five employees), you might
consider some of the findings of a survey by Statistics
Canada.
Documenting Partnerships in Your Business Plan
Forging partnerships to improve market penetration has become commonplace, particularly for "new economy" businesses. And, most companies proudly mention their many partnerships in their business plans.
History of Enterprise Car Rentals
So few really understand the drives and motivations of entrepreneurs. Many write about them, some lecture and teach about what they are, how they operate and what they have achieved; yet so few really understand them. So many fail to realize the dedication and sacrifice it takes to win at that level and the super stars are so rare that one just has to look in awe. One of the greatest stories of Entrepreneurial success is that of Jack Taylor who founded Enterprise Rent-A-Car. I therefore recommend this book about the History of Enterprise Rent-A-Car Book is;
How You Can Earn $1000 A Week Part Time
About 6 years ago I started to notice that certain friends of
mine had quit their jobs but continued to live very luxurious
lifestyles - seemingly without doing very much. I thought they
must just be using up their savings until I discovered they were
all making a fantastic living by spending just a few hours a week
doing something I had never heard of before - "financial spread
betting".
The Heroic Entrepreneur: Profiting from Your Brilliance
If you look up the definition of hero in Webster's, you'll find a definition something like, 'A person noted for feats of courage or nobility of purpose, especially one who has risked or sacrificed his or her life: soldiers and nurses who were heroes in an unpopular war'. Some heroes in our lives have earned that badge of honor by doing something everyone feels is heroic as defined in the traditional sense, whether it's running into a burning building to rescue a child, pulling an injured woman from a car accident, or fighting the enemy in the time of war.
Chairman Greenspan and the FED, learn more you will be glad you did
So many people work their whole life to make money, but they know so little about out monetary system. They know so little about the Federal Reserve Bank and so very little about the brilliant minds, which make it all work. To get a better insight to the behind the scenes strategic planning and the intense thought which goes into making it all work I recommend you read a few books on the subject. Let's start on an easy one for your on-going education as an Entrepreneur; I recommend you first read:
Mobile Car Washing Long Term Opportunities in the Market
The long-term outlook for the Mobile Car Washing industry is positive. It is ripe for savvy company to develop regionally or nationally to dominate the market. Currently in the mobile car wash industry there is no well-known companies as is the case with other service businesses such as Domino's Pizza, Midas Muffler, Thrifty Rent-A-Car, and Jiffy Lube. These companies will be able to develop revenues and market share sufficient to sustain franchisees as local leaders in their fields. The Mobile Car Washing Industry awaits a company, which can standardize the industry and allow for consumers to know what to expect.
|