The master-mind group of only 4 or 5 is smaller than your advisory board, and the group is designed for everyone to help each other, where an advisory board is just focused on your business. The master-mind group provides a reciprocal trade of knowledge.
It is lonely at the top; you need a group of people who you can relate to, network with and learn from. Unlike your monthly, one hour meetings with your advisory board, you will meet with your master-mind group quarterly and the meetings will take place over two days at 6-8 hours each.
You will meet at a place completely disconnected from your life and business; this will be a sort of enrichment retreat for all of you. After the meeting, you and your distinguished group can enjoy some recreation, play some golf or have dinner, drinks and conversation.
The purpose of the master-mind group is to have the support of other individuals who are at your level of business, and who may be facing some of the same challenges you are. It is an opportunity to discuss things that you would not discuss at work or home. It is a chance to confide in others who you can trust will offer support and be discreet. What is said at the master-mind meeting stays at the master-mind meeting.
Here are some of the responsibilities and benefits of the master-mind group:
• Sharpen skills while sharing business and personal experiences and knowledge
• Honesty and loyalty while providing advice and opinions
• Experience is our greatest teacher; learn from each others' shared experiences
• Group helps us be accountable, as we hold our employees accountable
• Valuable support is provided by other business leaders who know what you don't know.
A master-mind group is vital to personal and business growth. A master-mind group should provide each other an opportunity for growth, by sharing support, experience and knowledge needed to succeed in business.
© Bill Bartmann, Billionaire Business Systems
About the Author:
Bill Bartmann is a self-made billionaire who went from homeless at the age of 14 to
becoming a billionaire, going bankrupt, then bouncing back to do it again! Bill has had his self-doubts and even bouts of depression; he wouldn't be human otherwise. However, when self-esteem is strong and you're clear about your values, then you can bounce back from the lows; each time, you bounce back just a little bit higher. Billionaire Business Systems, at
http://www.billionaireu.com
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Date Published :
Mar 13 2009