I receive emails all the time from subscribers that want detailed information about their specific industry. It can range from faux painting, Internet marketing, home improvement, manufacturing, real estate, or insurance.
Many of our articles are based on ideas that come from you the reader. We love your feedback and really appreciate your thoughts, but since our ezine goes out to about 40,000 business professionals it is not realistic to focus on one industry. But you can!
The information you are seeking is readily available, and I am going to show you how to get it and more!
One of the most powerful business concepts I’ve experienced is the Mastermind Group. A mastermind group is a group of 5-7 people that share common interests and come together to help each other succeed. A bond built on respect and trust allows these professionals to work in confidence and solve issues they all face.
Some mastermind groups are made up of business professionals from different industries. They feel comfortable because they do not directly compete with each other. Other mastermind groups, like mine, are entirely made up of people from the same industry. While some individuals have difficulties trusting others they may compete with, I find the resources offered by others in my industry to be indispensable.
It is really about developing an atmosphere of cooperative competition. The reality is that there is so much business out there that you really don’t compete against each other as much as you compete against everyone who is not in your group.
Sometimes, professionals in an industry will put together a mastermind group with people from different regions in the country. They may meet two, three, or four times a year, and will communicate informally with each other in-between meetings. The ability to learn how others in your profession are dealing with issues is invaluable.
Develop an atmosphere of sharing. Look first to give then receive. The more you give the more you will get over time.
Your group should be made up of people that you like, trust, and respect. Although you can be successful with as little as four people and as many as ten people, I find that groups of five to seven are easy to manage and provide the mental synergy to create solutions to problems and answers to questions.
Action Steps:
1. Read my ebook “Mondays At Nine” to learn more about mastermind groups.
2. Make a list of seven possible candidates for your group.
3. Begin contacting them, and perhaps plan a lunch to explain the concept to them.
4. Schedule and plot out your first meeting.
Put together your own mastermind group, and you will be on the road to Building a Better Biz.
