The 10 People You Need on Your Personal Board of Advisors | E120 Pete Schramm

The Struggle is Real: Financial Independence Strategies for Young Adults

Oct 16 2023 • 49 mins

Have you heard of this concept before? A personal board of advisors. I think it is kind of interesting.

Many companies have a board of directors who help advise and guide them on key decisions. Why shouldn’t we have a similar group to rely on?

Especially as early career professionals, we face many critical questions about career pivots, job opportunities, work-life balance, purpose, leadership moments, and more.

When I started thinking about it, assembling a personal board of advisors is a must for high-performing professionals. We can’t do this all alone. We need guidance and support from a diverse group of professionals.

But I have so many questions about how to actually execute this concept. Who should be on my board? How do I ask them? How often do we meet? How do I make sure it is meaningful for my board members too?

So I invited my friend Pete Schramm to the podcast to tell us how to assemble a personal board of advisors and to get all of our questions answered.

Pete is the CEO and Founder of Latitude, a software company focused on employee connection, and the author of Pathfinders, Navigating Your Career Map with a Personal Board of Advisors.

This is a really powerful concept so I am hoping you take what you learn today and run with it.

Key Takeaways:

How a personal board of advisors differs from a group of mentors
How a personal board of advisors can help guide you through a career transition
10 different seats and functions you can recruit for your personal board of advisors
SMARTY goals
Why one individual shouldn’t be responsible for multiple seats
How often do we meet with our personal board of advisors
How to ask someone to be on your personal board of advisors
Pre-qualifying questions to make sure someone is a good fit for your board
How to get an easy yes from a potential board member
What’s included in your career map
How you can add value to your board members

Mentions:

Episode 108: 7 Local Events Where You’ll Meet Your Next Boss, Mentor, or Business Partner www.tsirpodcast.com/108

More of Pete:

Book: Pathfinders, Navigating Your Career Map with a Personal Board of Advisors

LinkedIn: https://www.linkedin.com/in/pete-schramm-pmp/

More of The Struggle is Real:

Find show notes and more at https://www.tsirpodcast.com/