Three Rules for Selecting Your Personal Board of Directors

Most people select their board members randomly or by “default”. They choose people who are always around them. However, this method seems unprofessional and people ” should put as much thought toward selecting” their personal board as they would “in selecting a corporate board”. Here are three methods to select your personal board of directors.
 
“Create a diverse board”
According to Carl Dorvil, a member of the Young Entrepreneur Council , people tend to select directors who look like them and “value the same things” they do. Dorvil says that you should make your boar diverse by ” by having some people who are older than you, some who are younger than you, and some who are in your field as well as some in different fields. Establishing a diverse group of people with different backgrounds will provide you with unique perspectives that you may not have otherwise had”.
 
” Invest in your board”
Meet each of your board members regularly and inform them about the facts that “surrounding your issue” and listen to their advices.
 
Look for new members
It is difficult to find people who are willing to be ” venture capitalists” Hiwever, you can always find people who can be ‘mentor capitalists’. Dorvil says ” I recommend developing nominating criteria for accepting someone new and then sitting down once a quarter to evaluate who is currently on your board and who might be a good addition or substitution based on new contacts you have made.”