• The Evolution of Peer Groups, CEO Roundtables and Mastermind Groups for Business Owners - What works?

12th April 2008

The Evolution of Peer Groups, CEO Roundtables and Mastermind Groups for Business Owners - What works?

Why do you need more?
Businesses growth issues are caused by a myriad of external and internal controllable and uncontrollable factors. Studies conducted by the Accredited Executive Associates by the Institute for Independent Business say that “not enough sales”, “not enough money” or “not enough time” are the three dominant constraints. However, those are symptoms. Our research points to six top growth constraints: Attitude, Skills, Knowledge, Access, Borders, and Automation/Technology (ASK ABA).

Attitude ▪ Attitude determines your altitude, drives behavior
Skills ▪ Skills separates an amateur from a master.
Knowledge ▪ Knowledge is power, timely and relevant information for decision-making.
Access ▪ Access to the right people, right solution set, right time, right place.
Borders ▪ Guard your backyard and turn competition irrelevant with geographical boundaries neutrality so you can attack theirs.
Automation/Technology. ▪ Affordable automation and technology levels the playing field.

Facilitated groups like Vistage (used to be known as TEC) professes to have average member revenues grow below 3 times the annual rate from before Vistage. Studies have shown across the board that when you set and measure objectives religiously, improvements are shown to be over three-fold, be it sales, time management, productivity or otherwise.

A “Guided Path” where you learn how your natural style of behavior helps or hinders you in critical facet of your business, and the gap between where you think your business is, where it should be and where it really is will help you distinguish causes and symptoms and set impactful objectives for business growth. This “Guided Path” needs to help you simultaneously grow skills, build infrastructure vital to business growth, set and achieve your goals and objectives, and problem solve on key issues with facilitated peer support at the same time, with a buddy or two to hold you accountable who also needs your nudge.

Where do I find mastermind or peer groups that help me break out of my business growth constraints?
Ask ABA. CoreAllianceTM is a CEO peer alliance formula created by AllBusinessAdvisors (http://www.allbusinessadvisors.com/) with proven “Guided Paths” to breakthrough your top growth constraints. Consistent with AllBusinessAdvisors’ motto of Power of Many In OneTM, CoreAllianceTM is backed by multiple layers of concentric circles all working for you:
 

Concentric Circles

We are Certified CoreAllianceTM Developers Board and Builders Board Facilitators. Contact us to inquire about a Board in South Orange County, California, SBS Associates for Board membership information in North County, San Diego, California or Contact AllBusinessAdvisors for information of other Boards in other cities in the United States.
 

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10th April 2008

The Evolution of Peer Groups, CEO Roundtables and Mastermind Groups for Business Owners - What works?

Where did the business peer group for CEO & business owners concept come from?
The concept of peer-to-peer support groups was first discussed by Napoleon Hill when he rocked the entrepreneur world by his famous book, “Think And Grow Rich”. He found out from his research of the most successful people of his time that a key differentiating factor that made people successful was being involved in peer-to-peer support groups.

His studies have also shown that people from competing industries who are at the same stage of growth is the most effective group in order to reap peer-to-peer benefits. "Men take on the nature and the habits and the power of thought of those with whom they associate in a spirit of sympathy and harmony. Through his association with Edison, Burbank, Burroughs, and Firestone, Mr. Ford added to his own brain power the sum and substance of the intelligence, experience, knowledge, and spiritual forces of these four men. Moreover, he appropriated and made use of the mastermind principle."

Why is this important to you as a business owner, CEO or executive?
Common mastermind groups bring synergy of energy when peers with similar skills, interests and success levels come together. There is a sense of commitment and excitement when you challenge each other to reach and exceed goals. Fresh perspectives are shared when you brainstorm new ideas and borrow proven ideas from each other’s success.

Why peer groups with facilitators?
Studies of these mastermind groups showed that your experience could be enhanced exponentially with professional facilitators in the mix. While fresh ideas fuel all businesses and peer idea exchanges are empowering, free flow of random ideas without regard of true impact and outcomes could be dangerous.

With proven business success in their field, these most-often-retired business people turned business facilitators bring experience, best practices and resources they accumulated from their prior professional life. Some of them work under a franchise organization’s umbrella, thus bringing additional cumulative resources these organizations possess to guide, coach and facilitate the peer group experience.

Professionally facilitated peer groups or executive clubs sometimes also provide speakers on myriad of business or trend topics, allowing you to keep your thumb on the pulse of business trends and important issues, adding a third dimension to the experience.

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4th February 2008

New Version of the Small Business Assessment Tool is now Available

We have done an extensive update of the Small Business Assessment tool.  We are now on verison V and we have made it even more user friendly and much more responsive for you, the user.

Please take advantage of this tool, today!  Go to the Resource Library and then to Tools to download your copy.

 

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18th January 2008

We Have Added a Guerrilla Marketing List of Reasons Why People Buy to the Resource Library

We have just added a Guerrilla Marketing Listing of Why People Buy to the Resource Library, Tool section. Download and review this listing to gain some insight on how you can better understand you clients and customers.
 

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17th December 2007

We Have Added a Guerrilla Marketing Listing of Weapons to the Resource Library

We have just added a Guerrilla Marketing Listing of Weapons to the Resource Library, Tool section. Download and review this listing to see how many you’re using. If you’re not using a least 20, contact us for a free, no obligation Business Health Check Up and Consultation.
 

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14th November 2007

A New Goal Setting Form has Been Added to the Resource Library

We have just added a Goal Setting Form to the Resource Library, Tool section. This will assist you in both setting and achieving your short and mid term goals and objectives.
 

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21st October 2007

A New Cash Flow Projection Tool is Available in the Resource Library

We have just added a Cash Flow Projection Tool to the Resource Library, Tool section. This will help you develop your Cash Flow Forecast. It is simple to use and provides powerful information to assist you in running your business, please download this free tool today.

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5th August 2007

A Marketing Plan Tool has Been Added to the Resource Library

We have just added a Marketing Plan Tool to the Resource Library, Tool section. This will help you develop your in house Marketing Plan. A qualified small business consultant will tell you that all business owner need to have and take advantage of a Marketing Plan, please download this free tool today.

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20th July 2007

A Budgeting Tool has Been Developed for Your Use

We have just added a Budgeting Tool to the Resource Library, Tool section. This will help you do your budgets. The tool is an Excel spreadsheet with a linked Income Statement, Balance Sheet and Cash Flow.

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15th July 2007

Small Business Assessment Tool - Updated

The Small Business Assessment tool has been improved and updated.  As a small business adviser, I implore you to please take advantage of fantastic tool.

Go to the Resource Library and then to Tools to acces the assessment.

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