The Chicago Tribune had a story recently on how a peer-to-peer business advisory group can give entrepreneurs the nudge to step back from the nitty-gritty in favor of the big picture.
The entrepreneur profiled spends one day a month meeting with five other small-business owners, who share experiences and give one another feedback. All the members share is a philosophy that business owners can learn from one another's experiences.
This particular group has monthly meeting that last eight hours and the group spends about one hour on each member's business each month. In comparison, the groups that we run last around 3 hours and meet once per month. We've found that the after work scheduling is much easier for entrepreneurs to make it out to on a regular basis and the members have set times to call each other every week to make sure they are following through on the goals that were set out.
The article also highlights a typical downfall of many self-started groups:
It's important for everyone to be on the same page. I personally screen all the candidates in my group and explain that the focus is not on selling or networking but sharing ideas and helping each other out. It doesn't fit with everyone but it makes sure we get the people we're looking for.
Whatever the focus is of your Mastermind Group, make sure that everyone buys into the concept or you will be torn apart.
You can read the full article here.
The entrepreneur profiled spends one day a month meeting with five other small-business owners, who share experiences and give one another feedback. All the members share is a philosophy that business owners can learn from one another's experiences.
This particular group has monthly meeting that last eight hours and the group spends about one hour on each member's business each month. In comparison, the groups that we run last around 3 hours and meet once per month. We've found that the after work scheduling is much easier for entrepreneurs to make it out to on a regular basis and the members have set times to call each other every week to make sure they are following through on the goals that were set out.
The article also highlights a typical downfall of many self-started groups:
"Oftentimes the members have conflicting goals. Some want networking opportunities. Others want leadership development. Because they're out of alignment they pull the group in opposite directions," he said. They end up being a waste of time.
It's important for everyone to be on the same page. I personally screen all the candidates in my group and explain that the focus is not on selling or networking but sharing ideas and helping each other out. It doesn't fit with everyone but it makes sure we get the people we're looking for.
Whatever the focus is of your Mastermind Group, make sure that everyone buys into the concept or you will be torn apart.
You can read the full article here.
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