“Being an entrepreneur can be lonely,” says Tracy Bild, owner of Tampa-based healthcare consulting firm Bild & Co. His friends had no contact, so he did not talk to them about his business. In fact, many would be surprised to learn that he owns a multimillion-dollar company. When faced with a business challenge, Bild hired consultants and trainers to advice.
But her company grew to record highs in 2011 by joining the 7-Figure Club think tank, part of the women entrepreneur network Savor the Success. In 2013, Bild & Co was selected as one of the fastest healthcare consulting companies in the country. And after the group’s arrival in January 2014, Bild replaced itself with a new CEO who added marketing and hiring services to the company’s training department.
“I’ve had my own company for 15 years and it was a big improvement,” says Bild. “Joining a thinking brain takes you out of your box and helps you find answers faster than you do.”Everyone who owns a business should be in that company.”
From Thomas Edison and Henry Ford to Bill Gates and Warren Buffett, many of the world’s most prolific entrepreneurs have joined think tanks. These thought leaders have gained strength in the idea that two or more heads are better than one head.
Peter H. “Thinkers drive you from great to skill, from tactical to strategic,” says Thomas, co-founder of the Entrepreneurs Organization (EO), a global network of more than 9,500 business owners. “These are a group of people on a journey – I hope some of them are a little ahead of you, and some of the best advice you will get is what not to do rather than what to do.”
Find your group
Thomas, whose EO launches 8 to 12 like-minded people in his online think tanks, says finding a thinking brain, whether you join an existing organization or form your own, should be on every entrepreneur’s to-do list. Be. “These people are very valuable to each other,” he says. “It becomes a place where you can reflect on your ideas. If you have a problem, it is usually someone else who already has that problem. “The wisdom of this group is incredible.”
Angela Jia Kim agrees. As one of the founders of Savor the Success and the mastermind of its 7-digit club, he brings together groups of entrepreneurs like Bild who want to take their business to the next level. Kim brainstormed thinkers to help her business, Om Aroma, an organic skin care line. “Entrepreneurs can be passionate, and they can be overwhelmed,” he says. Through the brains of thinkers, we give and receive advice. “Yet there has to be chemistry between the members, otherwise it will not work.”
Bill Hibbler, co-author of Meet and Grow Rich: How to Easily Create and Operate Your Own “Mastermind” Group for Health, Wealth, and More, a Proven Technique for Starting a Group If You Can’t Build an Existing Group Find shares. He suggests gathering groups of five to six. Less than that, and the knowledge base is damaged. Over it, and the sessions take too long. Hibbler recommends starting your group by building a relationship with someone. If two people click, enter the third person temporarily. If this person is suitable, look for the fourth person. Add one by one to find the right mixture.
Groups can be grouped with people from similar or different industries, with the advantages and disadvantages of each approach. Hibbler says that by coming together from different industries, the parties feel comfortable discussing product ideas because they are not competitors. They can also gather ideas from another industry and apply them in new ways in their business. Communication is often better when members are in the same industry (but have different markets, so do not share secrets with a competitor). He has seen the power of the thinking brain that turns a simple idea for a new product into a complete line, because the whole group is on one page.
Thinking brain groups offer valuable benefits to members, including responsibility. “If I work on a new book or project, I’m telling my group that I will prepare an approximate draft of two chapters by next week,” says Hibbler. I do not want to come to the next meeting without doing my homework.
Another advantage is that you can simply state your goals out loud. For years, Hibbler was in a think tank with Joe Vital, the self-help author (Hibbler’s colleague in Meet and Get Rich). “In one meeting, Joe shared his list of goals,” Hibbler recalls. “One more thing: I want to be in a movie with a narrator,” he said before his turn was over. “I have no idea how it’s going to happen, but I will put it there.”
Hibbler says that a week later, Vital contacted a woman in Australia who was making a chicken soup film for Jack Canfield, co-author of Ghost. The film was a mystery and Vital became one of its leading experts.
Another advantage of using a wide area network. When Hibbler came up with the idea of writing about think tank groups, he got a book deal thanks to Vital Communications. In 2015, Bild found a representative for his book, Get Your Girl Back – about pursuing your interests and creating a wonderful life for yourself and your family – through his group.
You will also discover less tangible benefits. “I signed up to learn more about running my business, but this is my biggest point,” said Dan Heuertz, president and CEO of The Preferred Group, a business consulting and Management Company and member of the EO for 13 years. “I learned more about myself. Businessman. I know what I want from my business. Listening to the experiences of my association friends. Thinking groups help you clarify your thinking.”
You need to structure your thinking brain based on the following considerations:
Frequency. Groups can meet once a week, weekly or monthly, and member commitment is key. “The number one enemy of the thinking brain is the individual plans of the group,” says Kim. “You need people to sign an agreement that says they will not lose.”
Location. Hibbler says face-to-face meetings are best. If you cannot meet face to face, make conference calls or better yet Skype.
Time. Give each member a set time (Hibbler suggests 10 to 20 minutes) to talk about their business and get feedback. When one person runs out of time, move on to the next, even if not all ideas are shared. “If you do not do this, the meeting will take a long time.”You can always follow up after the meeting.”
Rules. “Each group will come with its own ethics,” Kim says. “It’s going to be a lot like a family dinner. You will have Uncle Jerry who talks a lot and Aunt Nellie who will be defensive. Provide basic rules for what happens during a conflict.
Can perfectionism ruin your business?
Have you ever had trouble working with people who were not team players? Maybe they refused to listen to others, rejected feedback, acted arrogantly, or even refused to do their part in the project?
Consider these boring examples:
• My boss is driving me crazy. He manages everything wisely and never lets me work on my own. He treats me like a child.
• My colleague is always trying to give me part of the project. And then he’s always reforming and disrupting what I’ve already done.
• I cannot stand working with him. He thinks that his ideas are the only ones that deserve it.
These people are crazy perfectionists. You may think that a perfectionist is someone who likes everything to be in order, but there is much more to it than that.
A perfectionist is one who thinks in terms of all or nothing: presentation is either perfect or failure. There is a way to do something and the rest is wrong. You either like my job or you hate it. If I cannot do it completely, then why bother?
This syndrome leads not only to frustration, but to real harm – to perfectionists and the people who work with them. Only a perfectionist in an office can lead to strained relationships, depression, increased stress, reduced productivity, reduced profitability, and even failed businesses.
Although hidden behind the mask of “excellence”, perfectionism means avoiding failure rather than striving for success. Because perfectionists personalize results, it’s not just work that is at stake – if the project fails, he sees himself as failing.
Perfectionists come in many shapes, sizes, and flavors, including:
• The micro manager who makes sure you do things his way
• “I’m just doing it myself” colleague who is doing what you have already done
• A person who goes to work early stays up late and sends an email at 3am.
• Lack of work that delays work or avoids challenges and promotions
A fanatical detail that asks several questions and does not begin until “everything is in order.”
• “Half Bridge” builder who starts projects but never finishes them
• A team member who refuses to give feedback or argues against constructive criticism
It’s easy to get upset with these people, but keep your heart: you can change your interaction with them and make things better for both of you. The key is to change your perception of perfectionism.
It’s like this:
Reset your comment
Sure, all-or-nothing thinkers can be challenging – but try to imagine how stressful these people are. We can certainly appreciate that they want to do a good job, even if the intensity level is higher. Try to calm yourself about it.
Do not personalize
The behavior of a perfectionist is not up to you. Even commenting on your work or changing what you have already done is not an attack on you. They are merely a reflection of the insecurities of perfectionists – so try to redefine how you respond to them without being defensive.
Perfectionists usually have high standards and rules, either about how a project should end or how an individual should behave. The problem is that these expectations are not always shared with others. Ask after them.
Try saying, “What exactly are we looking for just to be on one page?” “What can I do to make sure it goes the way you want it to?” You may be happy with the answer you receive.
Be consistent and reliable
Perfectionists are afraid that others will drop the ball, and this fear increases their stress. So if you do not answer when you say or do something, it will probably add to the tension. Do your part so as not to add more stress to the mix.
Just like everyone else, perfectionists want to feel good about themselves – they just happen to feel valued. So tell them how much you appreciate them and the quality they strive for. They will probably appreciate your help in turn.