The Most Important Business Multipliers
#1: Mastermind Power
One of the secret strengths of Maui Millionaires is the power of the mastermind. A mastermind group is a group of two or more people who come together to work on a common goal in the spirit of focused harmony and trust, where all members benefit. The skill of masterminding is so essential that we devoted an entire section of our last book, The Maui Millionaires, to it.
Level Three business owners have learned that they don’t have all the best answers or ideas. But they've cultivated a huge advantage in the marketplace —. Multiple mastermind partners in various areas that they can turn to for ideas, input, accountability. Support.
Unfortunately, today, these skills are being neglected. If one wants to achieve his/her goals, the art of superior writing is imperative. There are a variety of methods to enhance and hone your ability to write well. A little effort will go a long way in achieving your goals. This is what sets you apart from your peers. We take a look at some instances where the art of writing is an important asset.
Importance of Writing Skills
Writing is one of the important ways of expressing your thoughts, and communicating ideas and views to others. Some have the innate ability to put their thoughts into words. Writing is more beneficial, specifically for those who are emotional, and do not express verbally. This tool allows them to express their ideas, thoughts or their existing mental condition, which otherwise, may not be possible. People express themselves by writing novels, short stories, biographies, and even personal diaries, etc. Interestingly, 93% of teens in American schools are fond of writing, when it's not a part of their school curriculum; rather when it is for themselves. So, by proper guidance and counseling, the writing abilities of these teens can be channelized in such a way that, they could stand in good stead in the chosen avenue of their lives.
› Judgment of a Person
Often, a person is...
We recommend five mastermind groups to maximise the growth for your company. They're:
Within your company. This is your inside team. The mastermind principle is how you unify, focus, engage. Unleash your team to accomplish the work of your business. For a small company, this may include one group of all team members. For a large company, this may entail multiple groups in various areas of the business, each trained in how to use the mastermind principle to get great results.
With key industry players. Form a mastermind group with people outside your company who are in your industry. This could include your vendors, companies that provide complementary services or products. Perhaps even competitors. Just think of the range of ideas and potential joint ventures that you could get from a mastermind group like this!
Outside board of advisors. Successful business owners know they need input from quality business people outside of their industry and outside of their immediate financial world. Consider forming a mastermind group with like-minded achievers to help each other succeed and live at your best.
Your family. Bring your family into your business life by masterminding with them on a regular basis (perhaps monthly or quarterly). Not only will they understand better the things you're experiencing in your business life. By involving them in your business goals they'll feel a part of what you do. This means they'll support you and also, when needed, hold you accountable to not let your business grow out of proportion to the real values that you hold.
Your hired team. Finally, every entrepreneur needs a team of talented professionals (CPAs, attorneys, insurance agents, brokers, etc.) who can advise you as you build your business. Use the mastermind principle to more effectively get the input and guidance you need from your hired team.
Business Multiplier #2: Your Client Base
Your client base is probably the most valuable business asset that you've. Does your business treat your client base with honour, respect. Integrity? If the answer is yes, then over time your business will grow and thrive. If not, your business will never last over time.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--ClearLight Partners, LLC has sold TASI Group (“TASI”) to Berwind Group. The terms of the transaction were not disclosed.
TASI is a leading global provider of highly engineered test, measurement, inspection and automation solutions for mission-critical applications in the Americas, Europe and Asia. The Company’s solutions focus on enhancing customer productivity by reducing manufacturing cost, avoiding rework, improving quality and reliability, and shortening time to market. TASI serves a diverse customer base in a range of end markets including the transportation, industrial, life sciences, energy, food and beverage, and consumer goods industries. TASI is headquartered in Cincinnati, Ohio.
ClearLight invested in TASI in 2007, and in partnership with TASI’s management team, grew the company both organically and through four add-on acquisitions. “We recognized TASI’s unique potential and saw an opportunity to partner with a strong management team to drive growth,” said Jay Shepherd, a partner at ClearLight.
“It has been a pleasure working with ClearLight in growing TASI,” said David Huberfield, CEO of TASI. “Over the past seven years TASI has...
Yet how do many businesses treat their most valuable asset? Like a database to be strip-mined for maximum value. The people and relationships you’ve built are more than just data. They're the heart and soul of your business.
One clue as to how a business views its clients is what it calls them. Are they called “customers”. “clients?”. Do they end up in a database or a client base? While this may seem like a minor distinction, in our experience the mindset behind it makes a huge difference. A customer is someone…