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It’s Lonely At The Top, But You Don’t Have To Think Alone
In today’s competitive business environment it is difficult for small businesses to stand out. Business owners spend thousands, sometimes millions in advertising, hosting events, and other promotional tactics.
Most are missing the elephant in the room. Promoting may get more sales but it does not grow a business. Here’s why…
Your business was a thought in your head, an idea that you or someone else had, and idea that became a business. Now, your actions and decisions will grow or break your business. It’s all in your head, not outside.
I don’t know you or your business, but I do know that…
“If you work alone, you are not at your best, not maxed your potential”.
Even creative geniuses benefit when they collaboration and accept feedback from others. Humans are social animals, we are stronger, more powerful and more intelligent when we form packs. We are very similar to animals in the wild. We know what works and what do not work but mostly we are unaware.
For instance, do you know why all corporations, conglomerates and large multi-franchises, million dollar businesses are required to have a Board of Directors? We know it is vitally important for large businesses, the question is; why?
It is the same reason why business owners who have experienced the value of a mastermind meetings use the group as their own Board of Directors.
We are more intelligent when we come together, we multiply our possibilities, we excel. No matter your expertise, when you work alone you limit your production.
So how does Mastermind groups make a difference?
For the uninitiated, a mastermind group is two or more like-minded individuals who come together to share ideas, support each other, and help each other achieve their goals. Here are some of the benefits of membership, all intangible but very valuable to the growth of any business. They are…
· Accountability: Mastermind groups help small business owners to stay accountable to their goals. A human weakness makes some of us unable to stay accountable to ourselves. When you know that you will be meeting with a group of people regularly to discuss your progress, you are more likely to stay on track.
· Brainstorming: Mastermind group meetings are a source for breakthrougs. New ideas, recommendations, and suggestions are inspirations for like-minded people. Truly innovative possibilities are born in mastermind group meetings.
· Feedback: Mastermind group members provide valuable feedback on your business ideas, challenges, or ongoing projects. Constructive feedback helps identify areas where you can improve, and also help you to stay motivated.
· Networking: Mastermind groups are networks that are in the center of larger networks you instantly get access to a larger network of professionals. There is huge savings when you know someone who have a skill that another member needs. These network relationships are invaluable in helping to grow your business.
A study by the Harvard Business Review found that small businesses that participated in mastermind groups were more likely to grow their businesses than those that did not. The study also found that mastermind groups helped to increase their profits, improve customer service, and develop new products and services.
If you are a small business owner looking to thrive in a competitive market, I encourage you to consider joining a mastermind group. Mastermind groups provide the support, advice, and feedback you need to achieve your goals.
Here are some trending concerns that mastermind groups can help with:
· Increased competition: The business landscape dotted with businesses, some did not exist 15 years ago. The world needs more innovative ideas and thinkers. Mastermind groups use collective consciousness, superior intelligence for small businesses to stay ahead of the competition.
· Globalization: The global economy is increasingly interconnected. Before, we had to think global, and buy local, support our communities, and keep the money at home. The pandemic has flipped that perspective and exploded the possibilities of communication. Mastermind Groups is a forum that brings together small businesses in parallel markets. Ideas shared in one time zone does not affect what someone else is doing in another part of the world. Members can now access to a network of international business owners.
· Technological change: The pace of technological change is accelerating tenfold. With the advent of Artificial Intelligence (AI), we can expect even more accelerated changes in the business environments. Face that challenge as a group, not an individual life and business will be less stressful. Stay ahead, and keep up with the latest technological trends from users and experts in the field.
If you are a small business owner facing these challenges, I encourage you to consider joining our free mastermind group meeting.
Get the support, advice, and feedback you need to thrive in a competitive and ever-changing business environment.