Mastermind Group Resources
Mastermind Group Resources - Strategies to Get the Most from your Mastermind Group

Thursday, December 28, 2006

Just Double - Or Divide By Two!

Guest Contributor: Patrick Dougher
Patrick's Posts - Patrick's Blog


I have consistently seen people in our different inner circle groups take what they are making a year and in a relatively short time start doing that a year. I just had a consulting session with a couple of people and we set some action plans in place where I think we will be able to add $20,000 a month to their income by making some small changes in what they are doing.

I think Jim Rohn has it right when he asks how long do you give your child to graduate from the 3rd grade? Well, one year of course! Well, do you think it is possible that a person change what he or she does and go from making $10 and hour to making $20 an hour. Of course you probably say. But could you do that again, and start making $40 a hour if you change some small things and increase the value of what you are adding to the value of the company? Of course you can. As a business owner there are several variables you can work on to make this happen - more customers, higher price items to sell, and frequency of purchase from your customers.

Well, how long do you give yourself to double your income? What can you do to improve just 10%? And how many areas can you improve by 10%? How often can you make that happen?

While some business people settle for a 10% increase a year, many of the inner circle members are looking at doing that a month!

What about waste and spending time on lower level activities? Well, do it backwards - divide by two. How long will it take you to cut your waste by half? This is where the most successful people are doing it - focusing on cutting waste and increasing profits by focusing on the most productive activities. This combine action plan produces more results in a quicker time than most people achieve in a lifetime.

Respectfully,

Terry Bryan info@warriorwiz.com

Terry Bryan is one of our Independent Business advisors for the Glazer Kennedy Inner Circle and this article was to the point of the effectiveness of a good Mastermind if people will listen to you.

Patrick Dougher patd@patrickdougher.com

Labels: , , , , , , ,

0 Comments:

Post a Comment

<< Home

 
 
My Photo
Name: Evan Carmichael
Location: Toronto, Ontario, Canada

EvanCarmichael.com is the world's #1 website for small business motivation and strategies. Evan also runs a series of successful Mastermind Groups in Toronto for entrepreneurs.

Entrepreneur Blog Network
Popular Entrepreneur Articles:
Accounting - Sales and Profit Analysis



Popular Entrepreneur Articles
- CareerHome Based Businesses


Highlighted Websites


Mastermind Group Resources