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Monday, July 23, 2007

Mastermind Group Task: The 5 Year Vision

Last Thursday I met with my third Mastermind Group, "The Visionaries", and we discussed our 5 year company visions. The purpose was twofold:

1) To help the members create a clear direction of where they wanted to take their businesses as most entrepreneurs do not have an end goal in mind.

2) To share that vision with the other members so that they can be held accountable to achieving their goals.

I shared with them that my 5 year goal was to have the most popular website for entrepreneurs in the world, a position currently held by Entrepreneur.com. It is no small task and will require my site to grow by more than 10 times what it is today.

What surprised me was how many of the members wanted to sell their businesses or take them in a completely different direction. They see what they are currently doing as stepping stones to something greater in the future. Some want to have sold their businesses, some are looking at franchising, some see themselves serving a different client base.

It was a useful exercise for the members to get clarity on their direction as well as for me to better understand my members and what they want to accomplish.

If you have not already done a 3 or 5 year vision session with your Mastermind Group, I would suggest bringing it up as a topic for discussion at your next meeting!

Evan Carmichael

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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.




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