Empower Your Employees With Access To The Mastermind Groups System
How Your Employees Can Use The Process
The cost in time and money often causes business owners to draw the line when it comes to offering this vital experience, to the higher echelons of the company.
By now you’ve seen that there are no direct or variable costs associated with the 21st Century Mastermind Groups system – so there’s no reason not to include every member of your organization in the process, other than the hour and one half twice a month that they’ll spend on the phone.
Just consider the benefits. They will bring new and valuable insights to their specific functions that will make them more effective and they will introduce new ideas from their contemporaries.
Here are three of the many ways that peer group participation by your employees across the board will accrue to everyone’s benefit.
Competitive Intelligence Gathering
- Many business owners and senior level managers are under the mistaken impression that knowledge is for them to have and for them to pass down to the troops. In so many ways they have it upside down.While the owners and managers are thinking deep thoughts, strategizing, attending retreats and conferences – the people on the shop floor can more directly impact the organization’s profitability far more quickly.Competitive information that can add profit to your bottom line is not universally available to everyone at the same time. Isn’t that why you attend trade association meeting – to pick up trends and techniques before it’s too late to take advantage of them?
If you are not already doing so, wouldn’t it be a smart move for your company if you took your key managers and supervisors to the next association event?
They would have access to programs with their peers, learning about the best practices in their departments. Before, during and after these programs, they would have the opportunity to connect with their counterparts in companies like yours that are located elsewhere and are not your competitors.
Then, using the simple 21st Century Masterminf Peer Group process, they could regularly connect with them after everyone returns home, meeting month in and month out – to leverage their productive relationships that were created or expanded at the event.
Imagine the possible benefits for your company if you took just 3 managers/supervisors with you and they each connected with their peers and began meeting regularly.
There would be 18 people with their ears to the ground across the country or around the world, creating competitive advantages for one and all in their individual battles with competition!
Team Building
- If yours is a large company with multiple locations, facilities geographically dispersed around the country – even globally, you can use the 21st Century Mastermind Groups process to connect employees together in teams, where the enterprise benefits from the input of them all.One such company I’m familiar with in the financial services industry encourages its sales representatives to form peer groups with other agents specializing in the same niche markets.The result is that individuals learn what’s working and what’s not from people just like them, selling the same products in the same market – but who, because of their different locations, are not in competition with one another.
On the other hand, in your particular situation, maybe it would be more effective if your “teams” were comprised of individuals from other companies.
Another example, let’s say one of your production supervisors runs into a fellow production supervisor during an afternoon breakout session at your industry association meeting.
Your employee’s friend mentions a process they’re using that shaves 10% off the time it takes for a certain function to be performed, something that will add 3% net profit to your organization’s bottom line.
What would that be worth to you?
Now let’s say your production supervisor and five others from companies in your industry get together regularly via strategic conversations in the form of a peer group.
These continual systematic injections of wisdom will add more money to the bottom line than almost any other activity your employees can be a part of!
Employee/Manager Development
- Here is a simple way to leverage the leadership and management training in which you and your employees are currently participating.While they are participating in the programs already in place, leverage and extend the life of the learning process by encouraging your participating employees to team up with their peers from the sessions and continue as a peer group.
How Your Employees Can Use The Process
Recommended Reading
- Business Mastermind Groups Are A Proven System For Organizational Success
- Will You Think and Grow Rich?
- Jeff Dennis and his 12 steps to entrepreneurial success Part 1
- Mastermind Groups … Are They REALLY All That??
- Business Mastermind Group Blueprint (ebook)
