Forming a Board of Advisors

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No knows everything. So to be sure you cover all your bases, why not create a board of advisors? How you stock your advisory board depends on your 's needs and your own expertise, but it's generally a good to include a lawyer, an , a marketing expert and a financial advisor.

When recruiting your board, make sure you ask the most you can find even if you don't know them well. But be very clear about your needs, and be sure to let them know you don't expect them to take an active role or assume any liability.

It's smart to meet with your board monthly, whether as a group or individually. And remember that it's they're offering, not instructions. You are still the ultimate decision-maker.

Excerpted from Get Smart: 365 Tips To Boost Your Entrepreneurial IQ.

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