What Exactly is a Personal Advisory Board?

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Mentoring is undoubtedly having its moment in the sun right now. It’s a hot topic and people everywhere are starting to think ‘I gotta get one’. The problem is ‘Mentoring’ the word. It comes with a lot of baggage. Even the most modern and progressive organizations still possess an outdated view of Mentorship.

The Common Perception

The common perception – I’m blaming Hollywood for this – revolves around the idea of a future you. An older, wiser you that passes on the hard-won wisdom and unlocks the secret doors to future success.

The problem is this idea is flawed, especially today. The changing pace of work means that a significant number of today’s jobs will bear little resemblance to tomorrow’s. In order to achieve future success it’s no longer enough to look back and simply follow the same path.

The Solution

Not one mentor but many. We call it the Personal Advisory Board. It sounds time-consuming but it shouldn’t be. Dispose of the outdated Master Mentor notion and this will free you up to build a personal advisory board that includes a range of people with varying perspectives.

It’s not about juggling calendars to schedule regular personal progress updates with the whole board. It’s about building a support network you can turn to and lean on. Each with their own distinct skills and areas of expertise.

While it’s natural to seek out Master Mentors in your industry and immediate circle, your first step should be identifying your own strengths and weaknesses. And then looking for people that can fill the gaps.

Avoid ruling out mentors because they lack knowledge of your specific industry. Often the general knowledge and experience an outsider brings to the table provide the clarity needed to define the way. Look for mentors willing to share their experiences, rather than prescriptive solutions.

Absorbing these stories will allow you to filter out the lessons and apply them to your own situation. With the right Personal Advisory Board, you’ll be empowered, educated, and ready to apply the best ideas to your own career.

What is a Personal Advisory Board of Mentors?

A personal advisory board of mentors is a powerful support network of experienced professionals who offer guidance, advice, and encouragement to help you maximize your personal and career growth. By assembling an advisory board that draws on diverse expertise and perspectives, you can ensure that you have a comprehensive support system in place to help you navigate the challenges and opportunities in your professional and personal life.

Personal Advisory Board

In today’s fast-paced and competitive professional landscape, having a trusted network of mentors and advisors can be invaluable in guiding your career development and personal growth. But what exactly is a personal advisory board of mentors, and how can it benefit you? In this article, we’ll dive deeper into the concept of a personal advisory board, and its advantages, and provide a step-by-step guide on how you can create your own to maximize your career trajectory and personal development.

Building a personal advisory board of mentors can be a game-changer for your career and personal growth. Having a diverse group of mentors can provide you with a wealth of knowledge and experience that you may not have access to otherwise.

One of the key benefits of having a personal advisory board is the ability to receive feedback from multiple perspectives. By having a group of mentors with different backgrounds and skill sets, you can gain a more well-rounded understanding of your strengths and weaknesses, and identify areas for improvement.

Another benefit of having a personal advisory board is the opportunity to expand your network. Your mentors can introduce you to new contacts and help you make valuable connections in your industry. They can also provide you with insider knowledge and advice on how to navigate your industry and achieve your goals.

When building your personal advisory board, it’s important to choose mentors who align with your values and goals. You want to select individuals who are supportive, honest, and willing to invest their time and energy into your development.

It’s also important to establish clear expectations and boundaries with your mentors. You should communicate your goals and what you hope to gain from the relationship, as well as how often you plan to meet or communicate.

A personal advisory board of mentors can be a valuable asset to your personal and professional growth. By tapping into the knowledge and experience of a diverse group of mentors, you can gain new perspectives, expand your network, and achieve your goals with greater clarity and confidence.

The Benefits of Having a Personal Advisory Board of Mentors

Having a personal advisory board of mentors is a powerful way to accelerate your personal and professional growth. It is a group of individuals who provide guidance, support, and feedback to help you achieve your goals and reach your full potential.

Here are some additional benefits of having a personal advisory board:

Insights From Multiple Perspectives

One of the greatest benefits of having a diverse group of mentors is gaining insights and advice from multiple perspectives. Each mentor brings their own unique experiences, expertise, and worldview to the table, helping you to make more informed decisions and consider different viewpoints. This can be especially valuable when facing complex challenges or making important decisions.

For example, if you are considering a career change, you may seek advice from a mentor who has experience in the field you are interested in, as well as a mentor who has experience in a related field. This can give you a more well-rounded understanding of the industry and help you make a more informed decision.

Expanded Network

A personal advisory board can also help you expand your professional network. Your mentors may be able to introduce you to new contacts, provide referrals, and connect you with potential collaborators or partners. This can open doors to new opportunities, projects, and collaborations that you may not have otherwise had access to.

Furthermore, having a strong network of mentors and advisors can help you build your personal brand and reputation. Your mentors can vouch for your skills, experience, and character, which can be invaluable when seeking new opportunities or advancing in your career.

Accountability

Having a group of individuals who are invested in your success can help you stay accountable to your goals. Your mentors can provide encouragement, support, and feedback to help you stay on track and achieve tangible results. This can be especially helpful when facing challenges or setbacks.

For example, if you are working on a major project or pursuing a new skill, your mentors can help you set milestones and hold you accountable to your deadlines. They can also provide constructive feedback to help you improve and refine your work.

Continuous Growth and Development

Regular interactions and feedback from your personal advisory board can help you continuously learn and develop new skills. Your mentors can provide guidance on areas where you need improvement, recommend resources and training opportunities, and help you stay up-to-date on industry trends and best practices.

This can be especially important in today’s rapidly changing job market, where new skills and technologies are constantly emerging. By staying ahead of the curve, you can position yourself for success and remain competitive in your field.

In conclusion, having a personal advisory board of mentors is a powerful way to accelerate your personal and professional growth. It can provide you with diverse perspectives, expanded networks, accountability, and continuous learning opportunities. If you don’t already have a personal advisory board, consider reaching out to individuals in your network who you admire and respect, and start building your own board today.

Finding the Right Mentors for Your Personal Advisory Board

Choosing the right mentors for your personal advisory board is crucial in ensuring the success of the relationship. When searching for advisors, consider the following:

  1. Expertise: Look for mentors who possess the knowledge, experience, and skills in areas that you want to grow and develop. This may include industry-specific expertise or soft skills such as communication or leadership.
  2. Compatibility: A strong personal connection and rapport with your mentors are essential, as trust, respect, and open communication form the foundation of a successful advisory relationship.
  3. Diversity: Aim to include a diverse group of mentors with different backgrounds, experiences, and perspectives. This will enrich your advisory board and help you gain a more comprehensive understanding of various aspects of your career and life.

What Makes a Personal Advisory Board of Mentors Unique?

A personal advisory board of mentors offers unique advantages compared to traditional mentorship relationships. Some of the distinguishing factors include:

  • Collaborative approach: Instead of relying solely on one or two individuals, a personal advisory board allows for a more collaborative approach, providing you with multiple insights, ideas, and thought processes.
  • Adaptability: As your career and personal goals evolve, your personal advisory board can adapt accordingly, allowing you to add or change mentors based on your current needs and objectives.
  • Customization: Your personal advisory board is tailored specifically to you, ensuring that the advice and support you receive are relevant to your unique experiences, challenges, and aspirations.

How to Create a Personal Advisory Board of Mentors

Creating a personal advisory board may seem daunting, but by following these steps, you can assemble a group of mentors that will provide invaluable guidance and support:

  1. Define your objectives: Clearly identify your goals, both short-term and long-term, and outline what you hope to achieve with the help of your advisory board.
  2. Identify potential mentors: Make a list of potential advisors based on their expertise, compatibility, and diversity, and conduct research to learn more about their backgrounds and accomplishments.
  3. Reach out: Approach potential mentors with a clear, concise explanation of your goals and why you value their expertise. Be open to feedback and open to building a relationship before enlisting their support.
  4. Establish clear expectations: Once your mentors have agreed to join your advisory board, discuss expectations for communication and involvement, and create a structure to ensure productive meetings and one-on-one discussions.

How to Make the Most of Your Personal Advisory Board

Now that you’ve assembled your personal advisory board, it’s essential to optimize the support and guidance they can provide:

  1. Stay accountable: Regularly update your mentors on your progress, challenges, and successes, ensuring they remain engaged and invested in your development.
  2. Be open-minded: Embrace diverse perspectives and be open to feedback, even if it’s tough to hear. Reflection and growth require an open mind and willingness to adapt.
  3. Apply their advice: Act upon the insights and suggestions provided by your mentors, monitoring your progress and evaluating the impact of their guidance on your personal and professional growth.
  4. Show gratitude: Express your appreciation for your mentors’ time, support, and guidance, acknowledging their contributions to your personal and career development.

When to Know You Need a Personal Advisory Board of Mentors

While a personal advisory board can offer immense value, it’s essential to recognize when you genuinely need this level of support. Some indications that it may be time to consider forming a personal advisory board include:

  • Feeling stuck or uncertain in your career progression
  • Preparing to embark on a significant career change or new role
  • Desiring guidance and support through major life transitions
  • Seeking to develop new skills or improve existing ones

How Mentorloop Can Assist in Building a Personal Advisory Board

Mentorloop is an online platform designed especially for organizations to facilitate and streamline the process for their people to find and connect with mentors and mentees. By leveraging your organization’s Mentorloop network, customizable tools, and communication features, you can seamlessly create and manage your personal advisory board, empowering you to unlock your full potential and achieve your personal and professional goals.

Whether you’re a seasoned professional or just beginning your career journey, assembling a personal advisory board of mentors can provide invaluable support and guidance to help you navigate your path to success. Don’t wait – start building your advisory board today and unlock the benefits of having a trusted network of advisors by your side.

Is your organization not on Mentorloop? Share this article with your HR, DEI or People and Culture team today!

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Emily Ryan
Head of Marketing at Mentorloop. Observing tens of thousands of mentoring relationships, she is passionate about helping people get the most from their mentoring experience. When not writing, you'll find her brewing beer or globe-trotting.

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