Posts Tagged ‘Personal Advisory Board’

The Secret of Managing Your Advisory Board & Board of Directors for Success

Wednesday, May 20th, 2009

Long title, but another great topic hosted by the Entrepreneurs Forumwhere I again had the honor of serving as a panelist.

Along with Philadelphia lawyer (and jazzman) extraordinaire Steve Goodman, Neil Vogel (Recognition Media CEO and producer of the Webby Awards), Irv Safra (moderator and high tech speaker) and Marc Sinkow (Vistage Chairman and co-chair of the Philly 100) – we spoke about the nuances of Boards: how to use them, when to get started, issues to watch out for, how to find & keep the right members, and other related topics.

One of the great things about a room full of entrepreneurs is the incredible buzz of ideas and optimism. Pair them with information about how boards can potentially help them be more successful in funding, growth, strategizing, and even exiting – and we’ve got a plan for liftoff.

I spent some time discussing the concept of a “personal advisory board” which I’ve used throughout my career. To the audience’s surprise (as well as mine when I first began that board) was how easy it is to put together such an advisory group. There are a lot of really smart people who find great joy in helping cultivate talent. Many of them are very successful business executives who have learned a lot about what works, and perhaps even more importantly, what doesn’t work.

You can read all the great business and leadership books in the world (and there are plenty of them), but nothing will help you grow faster than real experience and hands-on guidance from and accountability to a personal advisory board. If you’d like more details on how I manage my board, reach out to me in email.

Unleashing Potential – Part 2

Tuesday, December 9th, 2008

The age-old business challenge: how to get the most out of people? We all know the different kinds of leaders from the coercive drivers, authoritarian rulers, coaching/affiliative partners, and so forth. A lot of good material is written on these archetypes and how to become a better leader. What I’d like to briefly share, however, is a slightly different twist: How to become a better follower.

Not in a passive sheep-like sort of way, of course. In this context, I use the term “follower” to mean one observing and being attentive. The most successful leaders are, in fact, the most adroit followers. And in addition to being very good at following the various characteristics and potential opportunities of their particular market segment(s), they are extremely effective at following (observing) people, especially themselves.

What does it mean to “follow oneself”? Self-awareness. As Daniel Goleman eloquently puts:

Self-awareness means having a deep understanding of one’s emotions, as well as one’s strengths and limitations and one’s values and motives. People with strong self-awareness are realistic – neither overly self-critical nor naively hopeful. Rather, they are honest with themselves about themselves. And they are honest about themselves with others, even to the point of being able to laugh at their own foibles.(1)

But another key characteristic of self-aware people is the ability to tune into others. And tuning in to others gives us the ability to understand them – which of course leads to the opportunity to empathize, motivate, and enthuse.

How do you get started becoming self-aware? It starts by honestly looking inward. It also helps to have what I call a “personal advisory board”. I liken this to a board of directors, where the company is You, Inc. These directors have “joined” because of what they can offer, and they have a vested interest in the success of the company (you).

Your personal advisory board can obviously help you vet ideas, provide advice and guidance, create connections, etc. But, the board’s real power lies in its capability to help you grow you. We all have our obvious strengths and developmental opportunities. But we also all have what are known as hidden strengths and invisible blind spots. These “don’t know what we don’t know” areas provide the fertile ground for substantial growth.

Once you’ve begun tapping into the unlimited potential of You, Inc., the ability to help grow others flourishes by design. And when you can get an entire organization of people who are excited, motivated, and driven to realize the vision you help articulate, you’ve not only unleashed incredible potential, but you’ve also become a world-class follower that others want to access.

(1) Goleman, Daniel; Boyatzis, Richard; McKee, Annie; Primal Leadership – Learning to Lead with Emotional Intelligence; Harvard Business School Press; 2002; pg 40.