The Importance Of Mastermind Groups In Business

One of the points no one mentions in business is the importance of mastermind groups. You can often hear or read that you need a mentor to take a step ahead for your business. When I am working with my employees or collaborators I realized that I discover many more things than when I work alone. You can get more even if you have partners to work with. With partners you can share customers and cross promote. In this way you can promote too many more people and offer bigger and various product solutions. But the best point is you can share ideas. You enlarge or view and can improve your mission and strategy. You can know things that have never thought before or even you can realize that something you thought was useless or not important is instead good for your business. You can also discover your defects and qualities.

In this way you can reduce your error rate and have continuous lessons learned results. Your partners can also perform the role of a customer providing you with useful feedback on your products and services. You can know in advance if you are in the right path or if you need to change part of your business. If every partner has a different mentor you can share the different experiences and improve your know-how. Also if you partner has the same mentor you can discover something you did not pay attention to. It is like when you made your school works with your school mates. You got better results and in a shorter and faster way. There are basically two ways to establish and keep your relationship with your partners. The first is an unstructured way, i.e. you contact them when you need a suggestion or a support for a solution. This is very common when you everyday call one or two of best partners through Skype or Messenger. The second is a structure way.

These groups of partners are called mastermind groups. Mike Filsaime has always claimed that his success relied also on mastermind groups. You discover you know less when you work alone. But mastermind groups, being a structured way to partner, must be organized. You should have an agreement before starting a mastermind group. There should be a memorandum of understanding, rules to follow to be loyal to the other partners and not to infringe property protection statements. Also you need to commit yourself to be active within your mastermind group. This means you have to propose ideas and initiatives as well as to guarantee your presence at meetings. Meetings are the moments when the partners share ideas and support. These should be held at least once every two weeks. Every week would be ideal. The duration should not exceed two hours as we know human concentration is not going to last long.

Meetings should be structured, i.e. there should be an agenda in place. Two roles must be defined and covered every time. The best solution is to discuss every time about the problems, issues and topics related to one of the members. This is suggested especially before a new product launch. In that moment all the partners can provide suggestions, tips and tricks and other ideas to improve the launch. There are also ethical rules to follow. I would give you some examples but you can use your imagination or focus on your needs to think to other points. It is appreciated that you have a database where you store all the meeting minutes and eventually tools and materials to be shared. A forum for members only should be set up and everyone has to commit to be active. Many groups start very well and in few weeks you can see that the forum has almost no new post. A moderator for the forum should be assigned every week. Forum posts should be mentioned in the agenda for the next meetings and eventually assigned to a priority or person if related to issues to solve. Never think that meetings are useless. Sometimes I heard conversations I thought were of pour quality and at the end I found even a single solution for my business that saved me time and money. The mastermind groups are really the secrets of business men even of those who have already a good business in place. What is important to maintain a mastermind group is to assure mutual respect and correctness. Basically for you mastermind groups you need to have a chatting room, a forum and a database (a server space) where to store your common information. You can only improve your business if you have a mastermind group. Do not isolate yourself and be convinced to know everything and have no defects. Talking to other people you can really discover better yourself and see something that was hidden within you until that moment.

Make a list of these companies. 6. Make a practice of reading expert reviews and customer reviews. This task again is time-consuming and should not be completed in one sitting. Expect that the reviewers will not agree. However, you will be better informed about the pro's and con's about a product. It's like signing an "informed consent" form: you may not totally like the idea but at least you complete a purchase having more and better information than when you started your search. 7. Many things you want to buy need to be physically handled or put on to get a sense of how it feels. Obviously shopping online you don't have that possibility. So consider calling stores ahead of time to make sure that they carry the item you want, and check it out in person. Then you can decide whether an online purchase makes sense to you. 8. Learn from your online shopping experiences. Reflect on what ended up being solid purchases and those that didn't. Figure out a better process for you to make shopping online a satisfying way to get what you want. These are the suggestions resulting from my online shopping experiences especially from doing research to write my reviews for swivel sweeper at http://www.swivelsweeperg2reviews.com.. Anne K. Uemura, Ph.D.