Wealth Creation Secrets Of A Billionaire: When you surround yourself with credible people, you become credible.
Bill Bartmann strongly recommends building wealth by utilizing a board of advisors. There are many reasons to have a board of advisors to assist you in wealth creation. One purpose of a board of advisors is to get their opinion and advice. The second attribute is called credibility.
When you surround yourself with professionals who have experience and credentials, it lends you credibility. Credibility is crucial. Surrounding yourself with a board of advisors that enhances your credibility is a two-for. A good board will give you great advice and enhanced credibility. Here are some of the other things a good board of advisors will bring to you and your organization:
Problem avoidance. By having experience, they can help you avoid some of the pitfalls and roadblocks of business life. If we have a good board of advisors, who are seasoned and experienced, they can help you avoid some of the problems.
Solve problems. You will still have problems. If you don't, you're probably not working hard enough. When you do have problems, you should take advantage of the group of trusted people to share those problems with. A good board of advisors allows you to share your successes and your fears. You get to associate with people who are every bit as successful as you and who have
Strategic planning. By being experts in their industry, they bring a level of expertise to your organization. It allows you to do significant strategic planning to get you from where you are to where you want to go.
Community presence. You now have brought people in from your own community to help you run your business. That is invaluable. These people understand marketing and the issues in your community.
Once you constitute your board of advisors, it becomes necessary to establish a regularly scheduled time to meet. These people are not compensated and they are doing you a favor, so you have to be mindful of the amount of time you ask them to donate.
Bill Bartmann suggests you do it on a quarterly basis, which means four times a year you ask them to come together for one hour. Quite frankly, one hour of a good group of people is a good asset. Once you become comfortable, you can always expand that. Start with quarterly meetings to work out the dynamics and find out who fits and who doesn't.
Every time you have somebody on your board of advisors who doesn't work or fit for you, you are the boss. You get to decide politely and diplomatically, and with respect, who is on your board. Bring in people who have strengths where you are weak. Most people want to bring in people who are just like them.
In this category, this is a true wealth creation opportunity to surround yourself with people who know a lot about things you don't know much about. Play to your weakness. If you're not an attorney, you probably don't know much about law. Wouldn't it be good to have an attorney on your board of advisors? The same is true for a CPA or a marketer.
You can think of all these examples of things you don't know anything about. By bringing these people to your board of advisors, you get their expertise where you have very little. If you put together a good board of advisors, it is phenomenal what they will do for you. It will transform your business. You get the collective intelligence of all these people focused on one thing, your business.
Bill Bartmann strongly recommends building wealth by utilizing a board of advisors. There are many reasons to have a board of advisors to assist you in wealth creation. One purpose of a board of advisors is to get their opinion and advice. The second attribute is called credibility.
When you surround yourself with professionals who have experience and credentials, it lends you credibility. Credibility is crucial. Surrounding yourself with a board of advisors that enhances your credibility is a two-for. A good board will give you great advice and enhanced credibility. Here are some of the other things a good board of advisors will bring to you and your organization:
Problem avoidance. By having experience, they can help you avoid some of the pitfalls and roadblocks of business life. If we have a good board of advisors, who are seasoned and experienced, they can help you avoid some of the problems.
Solve problems. You will still have problems. If you don't, you're probably not working hard enough. When you do have problems, you should take advantage of the group of trusted people to share those problems with. A good board of advisors allows you to share your successes and your fears. You get to associate with people who are every bit as successful as you and who have
Strategic planning. By being experts in their industry, they bring a level of expertise to your organization. It allows you to do significant strategic planning to get you from where you are to where you want to go.
Community presence. You now have brought people in from your own community to help you run your business. That is invaluable. These people understand marketing and the issues in your community.
Once you constitute your board of advisors, it becomes necessary to establish a regularly scheduled time to meet. These people are not compensated and they are doing you a favor, so you have to be mindful of the amount of time you ask them to donate.
Bill Bartmann suggests you do it on a quarterly basis, which means four times a year you ask them to come together for one hour. Quite frankly, one hour of a good group of people is a good asset. Once you become comfortable, you can always expand that. Start with quarterly meetings to work out the dynamics and find out who fits and who doesn't.
Every time you have somebody on your board of advisors who doesn't work or fit for you, you are the boss. You get to decide politely and diplomatically, and with respect, who is on your board. Bring in people who have strengths where you are weak. Most people want to bring in people who are just like them.
In this category, this is a true wealth creation opportunity to surround yourself with people who know a lot about things you don't know much about. Play to your weakness. If you're not an attorney, you probably don't know much about law. Wouldn't it be good to have an attorney on your board of advisors? The same is true for a CPA or a marketer.
You can think of all these examples of things you don't know anything about. By bringing these people to your board of advisors, you get their expertise where you have very little. If you put together a good board of advisors, it is phenomenal what they will do for you. It will transform your business. You get the collective intelligence of all these people focused on one thing, your business.