How to Create a Personal Board of Directors

Our family members, friends and colleagues are an indispensable part of our personal and professional lives. Yet, there comes situations when we feel the need of another type of support in form of personal board of directors. A personal form of directors generally consists of up to six professionals who need not be related to your industry but they are meant to meet once a month to give you brainstorm and encouragement.

“A board of directors is one or two ambitious men--and a lot of ballast. I mean that groups of men are vacuums. Great big empty nothings. They say we can't visualize a total nothing. The point is only who chooses to fill that nothing”- Ayn Rand, Russian Novelist.

Why you need Personal board of directors? Forbes’s article “Why Every Entrepreneur Needs a Personal Board of Directors,” states the following four reasons, which applies to anyone in the industry-

·      More Honest than Friends and Family

A Personal board of directors is a way more supportive and most importantly honest than your friends and family members.

·      Break from your Industry

It is sometimes rewarding to pull-off from your industry and colleagues and get a whole new perspective.

·      Creating Accountability

Personal Board of directors can help you set your goals and motivate you to stick to them.

·      Hone your People-to-People skills

One of the best parts of having a personal board of directors is that you don’t feel the need of a leader because you can solve problems as a group.

The Glass Hammer proposes you to have the following representatives in your panel of directors-

·         The Connector

·         The Accountability Master

·         The ‘Should to Cry On’

·         The Dreamer

·         The Mentor

Well along with these potential role-models, you can also consider the following while considering your board of directors-

·         The Realist- While you need a Dreamer to inspire you to set your goals higher, it is needed that you also have an individual who gives you reality-checks and keeps you on your toes.

·         The Analyzer- It’s always good to have a strategic person in your panel of directors who can help you analyze and evaluate plans better and take proper decisions for future purposes.

·         The Businessman- Having someone who is business savoir-faire is beneficial for helping you to understand the industrial affairs and gain experience so that you can avoid making mistakes.

Personal board of directors have been recognized officially these days and accepted widely, particularly in the business arena. Although your personal board of directors will be limited by six members, however by restricting the count you might lose the opportunity to boost certain facets of life by not stretching out to more people.

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