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The Importance of Mastermind Groups in Business

One of the points no one mentions in business is the importance of mastermind groups. You can often hear or read that you need a mentor to take a step ahead for your business. When I am working with my employees or collaborators I realized that I discover many more things than when I work alone. You can get more even if you have partners to work with. With partners you can share customers and cross promote. In this way you can promote too many more people and offer bigger and various product solutions.

But the best point is you can share ideas. You enlarge or view and can improve your mission and strategy. You can know things that have never thought before or even you can realize that something you thought was useless or not important is instead good for your business. You can also discover your defects and qualities. In this way you can reduce your error rate and have continuous lessons learned results.

Your partners can also perform the role of a customer providing you with useful feedback on your products and services. You can know in advance if you are in the right path or if you need to change part of your business. If every partner has a different mentor you can share the different experiences and improve your know-how. Also if you partner has the same mentor you can discover something you did not pay attention to. It is like when you made your school works with your school mates. You got better results and in a shorter and faster way.

There are basically two ways to establish and keep your relationship with your partners. The first is an unstructured way, i.e. you contact them when you need a suggestion or a support for a solution. This is very common when you everyday call one or two of best partners through Skype or Messenger. The second is a structure way. This is suggested when the number of partners you would talk to simultaneously is greater than 2.

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