|
|
| Strategic Planning Information |
|
|
|
|
Mastermind Your Way to Success
What do Mark Victor Hansen, Robert Allen, Anthony Robbins, Andrew Carnegie, Henry Ford, Thomas Edison and Ben Franklin have in common? They all leverage the power of the mastermind team. The mastermind works on the concept that two (or more) heads are better than one. When you gather a group of like-minded people and focus on one particular problem, a funny thing happens. Not only do you get intelligent feedback on blind spots you may not have noticed. But a truly phenomenal thing also happens with a mastermind group - the psychic aspect. "The human mind is a form of energy, a part of it being spiritual in nature. When the minds of two people are coordinated in a SPIRIT OF HARMONY, the spiritual units of energy of each mind form an affinity, which constitutes the 'psychic' phase of the Master Mind." Excerpted from Think and Grow Rich See, when a group is united in the same purpose, the number of ideas in the room balloon off of other people's ideas. I witnessed this personally last month at a networking meeting lead by Jim Bunch of Six Figure Practice. In groups of 6-8 we brainstormed how to raise $10,000 in three days. The ideas were mind boggling. As we got more and more excited, our ideas became more and more bold. One group said they weren't stopping at $10,000. They wanted to raise $1,000,000! So how do you harness this kind of power for yourself? Masterminds are rather subjective in that you must do what works for YOU and your lifestyle ultimately. I have been in my mastermind for a year now and I couldn't be happier. My business has hit an all -time high. And I credit the habit of masterminding with the lion's share of my success. Here are some of the qualities that work for us.
A word of caution - be very picky about whom you choose to make this commitment with. You will likely be together for a long time. Make it a goal for this year to be a part of a mastermind team. International copywriting trainer, author and speaker, Lorrie Morgan-Ferrero has been a freelance writer and journalist for over 25 years. Her words have made her clients hundreds of thousands of dollars. Now she focuses her vast experience on teaching others the skill of copywriting. Lorrie is the author of an award winning copywriting course, creator of the Red Hot Copywriting Bootcamp and founder of Copy Campus, a unique membership resource site designed to support copywriters and entrepreneurs on all levels. Visit her site to learn more at http://www.red-hot-copy.com.
|
|
|
|
RELATED ARTICLES
Top Reasons To Form A Strategic Business Alliance A strategic alliance is when two or more businesses join together for a set period of time. The businesses, usually, are not in direct competition, but have similar products or services that are directed toward the same target audience. Below are ten reasons to create a strategic alliance. Top Ten Reasons To Create A One Page Business Plan There is a story, about a business owner who wasn't doing very well. She had no business plan, but had heard, quite a bit, how creating one would help. How To Kick Start Your Business And Double Your Profits This will make some people angry as hell, but it's time to debunk the myth of 'Time Management' while sharing the real secret of the super successful. Regroup - How To Do It And Why It Works Regroup?is this a new management trend? Not a chance! Regroup is simply an opportunity to end one month's business cycle, recap the performance of your company and outline a plan of success for the new upcoming month. Why does it work? Because it allows each person on your team to assess their performance from the previous month, and make any necessary adjustments for the new month. Here's how it works: Business Plan Financial Projections: Stop Worrying About Being Right... Business plan financial projections seem daunting because they are so uncertain. This very uncertainty, however, is what makes preparing them easy because you can't possibly be right. You can't predict the future. None of us can. All you can be is competent in the way you prepare your business plan projections. Seasonality: Whats the Big Deal? Do you work in or own a business that's affected by seasonal cycles? Do you live in a community whose population changes significantly during the year (e.g., tourist influx, students returning to college)? Do you ever feel stressed out or frustrated by the seemingly constant changes or the extreme highs and lows of your life or your business? Vendor Relations Strategies Sample Outline One of the quintessential parts to any business is your supply chain. To insure that the supplies are there when you need them; in this new day and age of "just in time" distribution where very little sits on warehouse shelves until you order it you will need excellent vendor relations. Without the help of your vendors a small customer need turns into a astronomical problem and if you cannot solve it or serve your customer, you will indeed lose that customer to someone else who will. Someone who has constantly maintained a close relationship with their vendors in fact and can get what they need quickly with a simple phone. You say; "you wish it was that easy!" Yes, I hear you, yet I have seen over the years that with the proper vendor team, you can do anything, build anything, create anything and move forward faster than any competitor ever dreamed of. How do I know? Well, I built a multi-state franchise company with no outside investors from the smallest of small businesses, that's how. Who is Responsible? While writing an article recently on effective ways to bridge the IT/Management communication gap, I realized that few of us are eager to take responsibility in our business lives to make something different happen and be part of the solution. Financing Business Expansion for Your Small Company How you finance the expansion of your business is important. Borrowing and understanding the consequences of borrowing for your financing is extremely important. If you are going to borrow the money to finance the expansion of your business, you need to make sure that you are not going to get yourself into a cash crunch situation. This is where you are going to have a lot of money coming in from new business completed and invoiced but not have enough current cash flow. When you borrow you will be financing new equipment, locations, signage, or perhaps a new work truck on a credit line, lease or loan payments. The initial payments are going to be due before you get your increased income from the expansion in. This can be a major critical problem and we do not want this to happen to you. Scheduling of Additional Auto Detailing or Mobile Car Wash Units If you own a mobile car wash business or auto detailing business then you realize that when you are parked working you are making money and when you are stuck in traffic you are losing money. Sure you can say when you are in traffic people see you and write down the phone number, but you are not making money, that is potential future income, which is work you still must do in the future. Many auto detailers do not schedule properly and therefore get into trouble in that they attempt to expand before they have maximized their schedules. Invalid Excuses for Poor Business Results - The Economy Note to Rite Aid and CVS: It's not about the economy For Business Owners Only - You Can?t Be Fired But Neither Can You Quit The decision to sell, or not to sell your business is a difficult one. There are many questions that need to be answered before an informed decision can be made. Is selling your best alternative? Will one of the kids want to take over the business? Timing is everything. Is now the right time? You do not have to sell or decide right now. You are quite busy so maybe you will look into it after. . . Is Your Company Growing Fast Enough for You? Are you frustrated by the lack of growth in your firm, or the effort required to squeeze any up-tick in performance? Are inadequate policies and procedures a root cause? To find out, take this simple self assessment to see if this may be inhibiting real growth at your company. SWOT Analysis Is No Magic 8 Ball Q: A key investor in my business has suggested that I hire a consultant to do a SWOT Analysis to help plan for the future. I try not to argue with my investors, but I'm not so sure I need to have this done. What do you think? -- Laurie B. How To Prepare A Business Plan That Guarantees Big Profits It is always said "If you Fail to Plan, you Plan to Fail" The Power of Planning I am surprised how few sales professionals, independent consultants, and small business owners take the time to plan the strategy for their business. Most people spend more time writing out a grocery list or planning a vacation than they do planning the direction or outcome of their business. Many will determine a vague or general idea of what they want to accomplish but very few actually identify the specific action steps they will need to take in order to achieve their goals. I'm not suggesting you create a 25-30 page business plan like a good friend of mine writes every year, but I do recommend that you begin outlining the goals you want to accomplish and how you plan to get there. 25 Ways To Find Companies To Buy When you start your program to purchase your "ideal" company, you quickly realize that your ultimate success will depend on two primary skill sets: 1) Your ability to FIND viable companies that are for sale, and 2) Your ability to effectively qualify the potential acquisition investment once found. During the election we heard about Ohio?s Economy Much of what we heard in the mass media about Ohio and the down and out economy was the fiction of spin-doctors of politics who wanted to oust the current sitting President. On further review and first hand observation and experience Cincinnati has people moving in and economic expansion. It is in a good spot with decent quality of life, plenty of jobs and an expanding set of suburbs. Just cross the river into KY and you get a glimpse of the reality. Changing Strategy Without Losing Your Customers - Three Vital Steps to Refining Your Strategy American Eagle Outfitters and Wet Seal Stores have issued statements about company turnarounds needed to cut sales loses. This kind of story occurs far too often: a business disconnects from their customers because the company either wants to sell to a larger customer base or they want to upgrade to a more prestigious look. Getting Started with Succession Planning: Part I GETTING STARTED WITH SUCCESSION PLANNING: PART I
|
| home | site map |
| © 2005 |