It takes more than just hard work to become successful. No matter what industry you are in, your growth will depend on who you surround yourself with. Having the support of a personal board of advisors provides access to diverse professional wisdom. One of the biggest mistakes young professionals make today is thinking they can have one mentor who is going to meet all of their professional needs.
Why do you need a board of advisors?
Your board of advisors should be a mix of friends and professionals you trust. The friends you reach out to should be the ones that you feel good about being around and who make you feel better as a person.
An example of those who can be on your personal board of advisors include:
- Another business professional
- A friend outside the field of dietetics
- Another RD
No single mentor can provide the vast experience that a board of advisors will have, which is why it is so important to have multiple perspectives. Mentorship is essential because you can learn from other people’s successes to be a better business owner and dietitian.
You cannot be successful and operate from a place of jealousy or fear. Jealousy and fear comes from a lack of confidence from within, and it is something you must overcome in order to grow professionally and personally.
Your mentors will give you that motivation you need on the days you are struggling, and they will push you to make bold actions happen. They are also someone who can be there to listen to you as you vocalize your ideas, struggles and successes. Outwardly expressing what you are feeling will allow you to get out of your own head and gain more perspective on the situation. And who doesn't love vocalizing success and having someone to celebrate even the smallest wins with? Your mentors will be there for you during these times.
Types of professionals who can advise you
When choosing professional members of your board of advisors, keep in mind the following types of people:
You may want to seek legal advice from an attorney for choosing the right business structure (ex: LLC) or professional liability insurance.
A banker will be able to assist you in setting up your business bank account, credit cards and credit card reader. You will also need a bank contact to reach out to for any future issues or advice regarding your account.
An accountant can help you set up your EIN and will function as your tax advisor.
If you will be accepting insurance, using a company such as Healthy Bytes may be helpful. They will complete all the paperwork necessary to contract you with each insurance company. They will also be able to perform all your eligibility checks and file and track claims for you. All of these things are very time-consuming and will keep you from seeing clients.
If you are trying to do everything in professional areas that you are not familiar with, you may end of using most of your business hours on areas unrelated to making money or growing your business. Sometimes, it is better to defer to a professional expert so that you can get back to working with or growing your business with clients.
Remember, time is money, and an opportunity cost that needs to be appropriately managed.