Success Is Contagious

A recent post in the Warrior-Wiz blog got me thinking about how success is contagious.

I just got back from Maryland and spending time with Lloyd and Vicki and their inner circle mastermind group out there. I am currently in Nashville with Ed Clay, another one of my creative real estate financing students and we are looking at buying some properties today and helping him start his own inner circle group down here. Man it is exciting.

One of the things that constantly amazes me in our Mastermind Groups is how the success of one member breeds the success of others. Entrepreneurs often need a motivational kick in the pants to get going and move forward on accomplishing their goals. There's nothing like begin surrounded by a group of other entrepreneurs doing great things with their businesses to help you get yourself into gear.

If you're feeling like you're in a rut with your business, go out and find a Mastermind Group to join. One night with a good group can completely change your perspective and help you take your company to a whole new level.

Inner Circle Mastermind

Kristen Marie Schuerlein writes a blog on designing a life that you love. Her recent post was on creating an inner circle or Mastermind Group to help you achieve the success you're after. Kristen notes:

None of us get to the top of the mountain alone. Why would we when it is so much sweeter up there being surrounded by friends?

She goes on to make 5 suggestions for people considering creating or joining a Mastermind Group:

1. Determine the size of group, and carefully select members

2. Decide frequency of meeting and agenda for each meeting. One group I was in had a very formal agenda for each meeting, with a specific topic for discussion. Another was less structured, yet focused.

3. Be clear about expectations for attendance and behavior. Success comes from 100% participation. Without a rigorous commitment, the group will lose its power and sense of importance.

4. Always strive to be of service to others. Focusing on others first is the surest way to get the most out of your group.

5. Forget everything I just said, and build your inner circle organically. While I believe in the power of having a group that meets monthly or so, and that is committed to one another, I also believe in the power of one on one relationships and selecting your team over time. Honestly, either approach works. Perhaps you decide to have both. The bottom line is understanding the power of surrounding yourself with people up to big things, and seeking to give to others. This is a secret to success.

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