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Casual Articles - The Ultimate Business Wealth-Creating Secret: The Power of 1+1 = 3
Pros and Cons of Six SigmaSix Sigma is a business strategy that seeks to identify and eliminate causes of errors, defects or failures in business processes by focusing on outputs that are critical to customers. It is a measure of quality that strives for the near elimination of defects by using the application of statistical methods. A defect is defined as anything which could lead to customer dissatisfaction. The fundamental objective of the Six Sigma methodology is the implementation of a measurement-based strategy that focuses on process improvement and variation reduction.When the Six Sigma approach was introduced to many organizations, the initial reactions included a lot of skepticism, such as:• It is another quality improvement
2. Group Chemistry and Trust
What is the level of trust in a MasterMind Alliance? Trust in a mastermind alliance comes from respect and supporting each other, from communicating cleanly and from a spirit of collaboration rather than competition. Without trust and chemistry, a true mastermind alliance does not exist.
3. Serious Commitment
The biggest reason, in my experience, why mastermind alliances fail is because one or more members did not make a serious commitment and make participating in the group a top priority. Lack of serious commitment destroys the cohesivenes
Motivation runs everything! Understand that it is both desire to improve the status quo as well as fear of loss of the status quo that propel people to act. Studies have shown that fear can have a short term effect on motivation to act positively, but, positive rewards have both increasing as well as longer lasting results.Change, otherwise known here as action, occurs when people realize that the consequences of their actions, or in-actions, are no longer acceptable to them. How many people have tried to diet, and tried many of the hundreds available, but couldn't keep the weight off or motivate themselves to keep up the discipline? It wasn't until they were finally fed up with the consequences of being overindulgent that the motivation to pay the
What is this principle that has contributed to history’s greatest success stories? This principle is:
*** The Power of 1+1=3 ***
No, it is not a new math formula. This principle represents a “Higher Force” ... a collective force greater than any individual ... created through the power of Master Mind Alliances.
WHAT IS A MASTERMIND ALLIANCE?
A Master Mind Alliance is a group of like-minded individuals with the common purpose to contribute to each others’ success, in a spirit of harmony, partnership and reciprocity.
HOW DO MASTERMIND ALLIANCES ACCELERATE YOUR SUCCESS?
Such Alliances work on two levels:
THE ECONOMIC LEVEL:
A Master Mind Alliance becomes your own personal Board of Directors who wholeheartedly give advice, expertise and knowledge to further your success.
THE PSYCHIC/SPIRITUAL LEVEL:
When Master Mind Alliances form for the sole purpose of mutual success, a “Higher Creative Force” results, allowing each participant to achieve more than is possible on their own.
In practical terms, MasterMind Alliances ...
• Raise your income, and productivity.
• Give you an opportunity to leverage the wisdom and real-world experience of other business owners.
• Provide creative ideas for improving your business.
• Give you support and encouragement from within a group of your peers.
• Inspire you to reach new heights as a result of others' success.
• Provide a networking source of great contacts, referrals, and connections.
• Give you an opportunity to share your experience and contribute to other's success.
• Gives you a great way to monitor your progress and accountability.
• Provide a forum to reflect on your business results and strategies.
• Are a great place to air your ideas and plans and get feedback.
• Achieve more than you could on your own.
HOW DO YOU PARTICIPATE OR FORM A MASTERMIND ALLIANCE?
For 25 years, I have both participated and facilitated MasterMind Alliances and have gained much wisdom in what works and doesn't work. As simple as the concept of a MasterMind Alliance sounds, the logistics of such groups can make or break their impact. Below are the top 7 critical success factors when forming or participating in a mastermind alliance.
1. Clear Common Group Purpose
Does each member have the same needs and wants from the group? Eg., some members may be primarily interested in brainstorming; another may have joined the group for emotional support and connection. If members do have different needs, is there a way of addressing all of them without diluting the cohesiveness of the group? What will be the key focus of the group?
2. Group Chemistry and Trust
What is the level of trust in a MasterMind Alliance? Trust in a mastermind alliance comes from respect and supporting each other, from communicating cleanly and from a spirit of collaboration rather than competition. Without trust and chemistry, a true mastermind alliance does not exist.
3. Serious Commitment
The biggest reason, in my experience, why mastermind alliances fail is because one or more members did not make a serious commitment and make participating in the group a top priority. Lack of serious commitment destroys the cohesiveness
It is a well-documented fact that at least 2 out of every 5 applications contain one major fabrication. What the employer doesn't know can, and almost certainly will, have a tremendous impact on that organization!Dr. Julian Cano, Ed.D, a Clinical Psychologist of 30 years, once said that we are all taught from birth both to lie as well as catch lies. He reasons that most people have the necessary skills and abilities to effectively lie to others and to tell when someone is lying to them in return. Dr. Cano adds that it can also be morally and socially acceptable to lie, but at the same time, unacceptable to indicate to others that they are being untruthful! This is absolutely true and it describes perfectly, a paradox specific to the hiring proc
HOW DO MASTERMIND ALLIANCES ACCELERATE YOUR SUCCESS?
Such Alliances work on two levels:
THE ECONOMIC LEVEL:
A Master Mind Alliance becomes your own personal Board of Directors who wholeheartedly give advice, expertise and knowledge to further your success.
THE PSYCHIC/SPIRITUAL LEVEL:
When Master Mind Alliances form for the sole purpose of mutual success, a “Higher Creative Force” results, allowing each participant to achieve more than is possible on their own.
In practical terms, MasterMind Alliances ...
• Raise your income, and productivity.
• Give you an opportunity to leverage the wisdom and real-world experience of other business owners.
• Provide creative ideas for improving your business.
• Give you support and encouragement from within a group of your peers.
• Inspire you to reach new heights as a result of others' success.
• Provide a networking source of great contacts, referrals, and connections.
• Give you an opportunity to share your experience and contribute to other's success.
• Gives you a great way to monitor your progress and accountability.
• Provide a forum to reflect on your business results and strategies.
• Are a great place to air your ideas and plans and get feedback.
• Achieve more than you could on your own.
HOW DO YOU PARTICIPATE OR FORM A MASTERMIND ALLIANCE?
For 25 years, I have both participated and facilitated MasterMind Alliances and have gained much wisdom in what works and doesn't work. As simple as the concept of a MasterMind Alliance sounds, the logistics of such groups can make or break their impact. Below are the top 7 critical success factors when forming or participating in a mastermind alliance.
1. Clear Common Group Purpose
Does each member have the same needs and wants from the group? Eg., some members may be primarily interested in brainstorming; another may have joined the group for emotional support and connection. If members do have different needs, is there a way of addressing all of them without diluting the cohesiveness of the group? What will be the key focus of the group?
2. Group Chemistry and Trust
What is the level of trust in a MasterMind Alliance? Trust in a mastermind alliance comes from respect and supporting each other, from communicating cleanly and from a spirit of collaboration rather than competition. Without trust and chemistry, a true mastermind alliance does not exist.
3. Serious Commitment
The biggest reason, in my experience, why mastermind alliances fail is because one or more members did not make a serious commitment and make participating in the group a top priority. Lack of serious commitment destroys the cohesivenes
Frankfurt airport departure lounge. Full of western tech executives, each with an open laptop. They're all from different companies, all travelling separately. But one particular subject is making them feel like they're old college buddies, and they're networking like a swarm of honeybees."So, you've just been to Bangalore, have you?""Is it everything it's cracked up to be?""Is there still room there for new customers?"Did you find a good deal? Did you close?""Are they shrewd business people?""How do you know that your new-found service provider is reliable?The fact is that as far as outsourcing goes, India is (at present) akin to paradise. Those who have gone before talk about golden fruit hanging from the
• Provide creative ideas for improving your business.
• Give you support and encouragement from within a group of your peers.
• Inspire you to reach new heights as a result of others' success.
• Provide a networking source of great contacts, referrals, and connections.
• Give you an opportunity to share your experience and contribute to other's success.
• Gives you a great way to monitor your progress and accountability.
• Provide a forum to reflect on your business results and strategies.
• Are a great place to air your ideas and plans and get feedback.
• Achieve more than you could on your own.
HOW DO YOU PARTICIPATE OR FORM A MASTERMIND ALLIANCE?
For 25 years, I have both participated and facilitated MasterMind Alliances and have gained much wisdom in what works and doesn't work. As simple as the concept of a MasterMind Alliance sounds, the logistics of such groups can make or break their impact. Below are the top 7 critical success factors when forming or participating in a mastermind alliance.
1. Clear Common Group Purpose
Does each member have the same needs and wants from the group? Eg., some members may be primarily interested in brainstorming; another may have joined the group for emotional support and connection. If members do have different needs, is there a way of addressing all of them without diluting the cohesiveness of the group? What will be the key focus of the group?
2. Group Chemistry and Trust
What is the level of trust in a MasterMind Alliance? Trust in a mastermind alliance comes from respect and supporting each other, from communicating cleanly and from a spirit of collaboration rather than competition. Without trust and chemistry, a true mastermind alliance does not exist.
3. Serious Commitment
The biggest reason, in my experience, why mastermind alliances fail is because one or more members did not make a serious commitment and make participating in the group a top priority. Lack of serious commitment destroys the cohesivenes
Nearly every corner in the country has some sort of smaller convenience store. These stores help to fill the gaps in a shopping trip or aid travelers who are on their way to other locations. However, starting convenience stores requires knowledge of what people need and where they might need it.The term convenience store denotes the idea that you are providing convenience to your customers. And the first way that you can address this need is to be in a location that is convenient. You might want to survey your local vicinity to see where people might be aided by the placement of a store. Look at the local businesses as well as traffic patterns in the area. Where are most people driving and where might you be able to place your business. And
HOW DO YOU PARTICIPATE OR FORM A MASTERMIND ALLIANCE?
For 25 years, I have both participated and facilitated MasterMind Alliances and have gained much wisdom in what works and doesn't work. As simple as the concept of a MasterMind Alliance sounds, the logistics of such groups can make or break their impact. Below are the top 7 critical success factors when forming or participating in a mastermind alliance.
1. Clear Common Group Purpose
Does each member have the same needs and wants from the group? Eg., some members may be primarily interested in brainstorming; another may have joined the group for emotional support and connection. If members do have different needs, is there a way of addressing all of them without diluting the cohesiveness of the group? What will be the key focus of the group?
2. Group Chemistry and Trust
What is the level of trust in a MasterMind Alliance? Trust in a mastermind alliance comes from respect and supporting each other, from communicating cleanly and from a spirit of collaboration rather than competition. Without trust and chemistry, a true mastermind alliance does not exist.
3. Serious Commitment
The biggest reason, in my experience, why mastermind alliances fail is because one or more members did not make a serious commitment and make participating in the group a top priority. Lack of serious commitment destroys the cohesivenes
A while back, while living in New York City, I became acquainted with this guy named Harry Vincent. He was something else. Vince liked to show off a lot, as shown by his daily food regimen of booze and loose city girls. It was pretty tough on the ego hanging around him; I had recently started my so-called writing career and the cash wasn't rolling in like I had planned. When Vince and I would go to the local bistro, he'd usually surround himself with a sensual panorama of mouth-watering full course treatment. I, on the other hand, stuck to the crusty French bread, topping it with cold, unspreadable butter. He'd drink some of the finest grape nectar your palate could ever reach, while I would stick with some tasty tap.Ok, maybe he was a bit of a jer
2. Group Chemistry and Trust
What is the level of trust in a MasterMind Alliance? Trust in a mastermind alliance comes from respect and supporting each other, from communicating cleanly and from a spirit of collaboration rather than competition. Without trust and chemistry, a true mastermind alliance does not exist.
3. Serious Commitment
The biggest reason, in my experience, why mastermind alliances fail is because one or more members did not make a serious commitment and make participating in the group a top priority. Lack of serious commitment destroys the cohesiveness and momentum of the group.
4. Group Decisions and Responsibilities
While one person may start the alliance, within the first meeting, it is important that the success of the group becomes every member's responsibility. It is critical that the leadership of the group and other responsibilities be rotated amongst members. All decisions should be done by group consensus.
5. Consistent Meeting Format
Having a set structure and agenda for each meeting is essential. Possible agenda items may include: brainstorming, a quick check-in, an accountability segment, sharing of resources, etc.
6. Equal Give and Take
The purpose of a MasterMind Alliance is both to give and receive support. Reciprocity is critical. If a group becomes imbalanced where some members only give support or some only receive support. it destroys the very foundation of the group. Active giving and active receiving maximizes the flow of ideas, energy and outcomes of the group.
7. Closed Membership
In my experience both as a facilitator and participant, it is important to allow the first 1-3 meetings for members to explore whether the group is a good fit for them. Once a decision is made by each individual, closing the group to new members allows the group to bond, know each other in depth and allow the trust to form. That is when the magic begins. Group dynamics are very volatile to changes, especially with changes in membership. If, after a certain period of time, the group wants to add new members, how many and who should be a group decision.
While there are many other logistical details beyond the scope of this article, the key is staying focused on that common purpose to contribute to each others’ success, in a spirit of harmony, partnership and reciprocity. I can say, from my own personal experience, that mastermind alliances have been and continue to be the #1 driver of accelerated momentum, success and breakthroughs in my business. As a facilitator of MasterMind Alliances for CEOs and business owners, I have also watched how that "Higher Force" ignites the potential and greatness in each member, beyond what anyone could imagine.
For an additional resource regarding Master Mind Alliances, I recommend reading Napoleon Hill’s classic best-seller, “Think and Grow Rich”, Chapter 9. According to Hill, such Alliances have been the basis of every great fortune in history.
What are you waiting for? Find or form your own MasterMind Alliance.
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