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Answer You - Mastermind Do's and Don'ts
February 2nd, at approximately 7:30 a.m. local time on Gobbler’s Knob in a small town in western Pennsylvania, 20,000 people and a national radio and television audience anxiously await the prognostication of America’s favorite furry forecaster. In a tradition dating back 119 years, Punxsutawney Phil emerges from hibernation…and if he sees hi
This experience taught me a few lessons.
While there is definitely value in masterminding with others, it's important to make sure you are all focused on getting the same thing out of the relationship. And, that you are all s
Selecting the right payroll solution is an important decision for all business owners. The wrong payroll solution can be expensive not only in terms of money, but in productivity, which translates back to morale, which translates back to money. When selecting payroll solutions, carefully consider your resources. Here are brief descriptions of
This particular group was comprised of five women and the focus was real estate investing. I met Kim, the woman who invited me to join the group, at a real estate investing seminar. I was a relatively new investor at the time and thought this was an opportunity to learn more about real estate investing, team up with other women who were investing, and jumpstart my real estate investing business, which is a business I run with my husband, in addition to my marketing consulting and coaching business.
In theory the group should have helped jumpstart my fledgling real estate investing business. In reality it did not. We met weekly but we quickly realized that some of us were more serious than others. Some of the members did not show up on a regular basis. Others seemed more interested in spending our time together socializing instead of focusing on the business at hand.
Kim, who had organized the group, tried very hard to set an agenda and add value to the group. But we quickly realized that if all the members were not 100% focused on the same goals, it just was not going to work. The mastermind group disbanded after a few months.
This experience taught me a few lessons.
While there is definitely value in masterminding with others, it's important to make sure you are all focused on getting the same thing out of the relationship. And, that you are all se
An organized enterprise does not exist in a vacuum. Rather, it is dependent on its external environment. It is a part of larger systems such as the industry it belongs to, the economic system and society. Thus, the enterprise receives inputs, transforms them and exports the outputs to the environment. Clearly, an open-system model that includ
In theory the group should have helped jumpstart my fledgling real estate investing business. In reality it did not. We met weekly but we quickly realized that some of us were more serious than others. Some of the members did not show up on a regular basis. Others seemed more interested in spending our time together socializing instead of focusing on the business at hand.
Kim, who had organized the group, tried very hard to set an agenda and add value to the group. But we quickly realized that if all the members were not 100% focused on the same goals, it just was not going to work. The mastermind group disbanded after a few months.
This experience taught me a few lessons.
While there is definitely value in masterminding with others, it's important to make sure you are all focused on getting the same thing out of the relationship. And, that you are all s
Forklift attachments are used to increase the number of functions performed by a forklift. Forklifts are basically designed to lift rectangular loads and carry them from one place to another. With the help of attachments, it can perform a number of varied tasks.A forklift consists of a fork shaped lifting mechanism that is powered usin
In theory the group should have helped jumpstart my fledgling real estate investing business. In reality it did not. We met weekly but we quickly realized that some of us were more serious than others. Some of the members did not show up on a regular basis. Others seemed more interested in spending our time together socializing instead of focusing on the business at hand.
Kim, who had organized the group, tried very hard to set an agenda and add value to the group. But we quickly realized that if all the members were not 100% focused on the same goals, it just was not going to work. The mastermind group disbanded after a few months.
This experience taught me a few lessons.
While there is definitely value in masterminding with others, it's important to make sure you are all focused on getting the same thing out of the relationship. And, that you are all s
Are you a small to medium sized business owner? If so, are all of your duties and tasks performed by your own employees, under your own roof? If so, you may want to consider outsourcing a number of your business services. This doesn’t necessarily mean that you have to eliminate a portion of your staff, but it does mean that you can give th
Kim, who had organized the group, tried very hard to set an agenda and add value to the group. But we quickly realized that if all the members were not 100% focused on the same goals, it just was not going to work. The mastermind group disbanded after a few months.
This experience taught me a few lessons.
While there is definitely value in masterminding with others, it's important to make sure you are all focused on getting the same thing out of the relationship. And, that you are all s
The Securities and Exchange Commission (SEC) is the most well-known and feared governing body in the financial world. Its very name can be intimidating to a small company hoping to go public, but it doesn’t have to be.The SEC was established by Congress to regulate securities markets with the intent of protecting investors. For this
This experience taught me a few lessons.
While there is definitely value in masterminding with others, it's important to make sure you are all focused on getting the same thing out of the relationship. And, that you are all seriously committed.
And most importantly, ground rules are imperative.
My friend Lorrie Morgan-Ferrero of Red Hot Copy says her mastermind group members all must agree to participate as if they had each spent $100,000 to be in the group. How's that for making sure your members are serious?
I haven't given up on masterminding.
I've recently joined a new marketing mastermind group comprised of other small business owners and solo-professionals. We bounce ideas off each other. We share success stories and challenges. And we brainstorm - in fact, that is one of the primary benefits of a good mastermind group.
The collective brainpower of all the members is definitely stronger than you'll achieve if you're trying to run your business as a lone ranger. Plus, the networking and connections that result from working with a team will help you grow your business much faster than you can do working solo.
Just make sure you find a good group of people, who are all committed, and act as if they are paying to be a part of the group.
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