Who Is Advising You In Your Network Marketing Business And What Do They Really Know?

As you build your home business, who are your trusted advisors you look to for guidance? Do you have a pool of advisors in place to assist you? If you don't, here is a powerful technique you can use to start putting an advisory group in place and it's a technique you can start using right now, regardless of the number of people you may know or have in your network.

Such a group is not there to do your work for you; you are responsible for mastering your own business. Now make no mistake, you are responsible for your business and the last thing you should be doing is abdicating your decisions to someone else. Nontheless, there are times when you do want some additional guidance and it's important for you to be able to access the experience of others.

One of the most impactful books I've ever read is "The Travelers Gift" by Andy Andrews. In his presentations, Andy spends considerable time positioning the importance of building your own personal Board of Directors.

Your Board of Directors is a group of people who you can mastermind with and from which to seek counsel when it comes to areas of your business. If there's an area of your business in which you are seeking guidance, they are there to help you.

So how do you decide who you want to serve on your board of directors? With respect to your business, one of the key considerations is your income goals. It is said that your income will tend to approximate the average earnings of the five people you spend most of your time with. Let us suppose that your goal is to earn $1 million in the next 12 months. If that is the case who are people that you are going to put on your board of directors who are already earning $1 million or more in a year?

If you are serious about your goal then you want to identify those five people and place them onto your board. If your goal is to make $1 million, you may not know anyone who qualifies to sit on your advisory group. But that doesn't matter because you're not limited to the people you know. You can take counsel with them even if you have never met them.

For example, perhaps you would like to have Donald Trump on your board of directors. There are many ways to plug into Donald Trump and benefit from his experience. You can do that through books that he has written , audio he has recorded and interviews he has granted. These are all ways of tapping into and masterminding with a member of your board of directors even though you may never have a personal conversation.

What that means is that you are not limited in terms of who you can place on your Board of Directors. Indeed you can let your imagination run wild and really put a lot of creative thought into who you would like on your board. Once you have established your board of directors, the key is to ensure that you consult and meet with them regularly. Which ever medium by which you choose to use to do that, make a habit of plugging into their teaching and advice regularly.

This idea need not only be used for your business. Take the time to identify each of the key areas in your life where you would benefit from having a board of directors in place. For each area you have identified, start brainstorming the names of advisors you would like to have on your board. Then go about selecting the five people who are going to sit on that particular board based on the knowledge base and level of demonstrated competence for that particular subject area.

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