How to Save Time by Forming a Mastermind

Imagine this…

You think up a great idea. Maybe it’s a business idea that you just know will be profitable. Or perhaps it has something to do with your personal life, such as you coming up with idea of remodeling your bathroom yourself. Either way, you start taking immediate action on your idea.

On the surface, the concept of taking immediate action sounds great. Indeed, productivity experts (and that includes me) suggest that you do take immediate action on ideas.

But here’s the thing: You need to take the right kind of action. And ideally, that means you should start by bouncing your ideas around with a trusted individual or group… especially if you have a big idea that will take time to implement.

The reason is because if you jump into a big or complex idea without first carefully thinking it through, you’re liable to waste a lot of time (and probably a good amount of money, too).

For example, let’s suppose you took action on your business idea, but only later discovered that there are plenty of legal roadblocks that could tangle you up and slash your profit. You could waste months and thousands of dollars before realizing you need to abandon the idea.

Or what if you started ripping up the old flooring in your bathroom immediately after conceiving of the re-tiling idea… only to discover later that the project is going to be about triple your original estimate. You’d have to just grit your teeth and buy the new flooring since you already ripped up the old flooring.

Those are just two examples… but this sort of thing can happen to any of our projects and ideas. Even if we think it through carefully, sometimes we’re just too close to the idea to see all the potential pitfalls. And sometimes we’re just too excited about the ideas to hear our own voice of reason coming through.

That’s where a mastermind group comes in. This is your group of trusted friends and advisors that you meet with each week either on a conference call or for a breakfast or lunch meeting. Everyone shares what’s going on with their business. And anyone who needs to bounce ideas around will get opinions from the nonbiased members.

Yes, it takes a little more time up front. It may feel like you’re using valuable time. But you boost your productivity in the long run. End result? You only pursue ideas that make good sense. And that saves you time, money and a whole lot of frustration!

Article Source: http://www.gestbiz.com/articles

Reginald Bailly www.baillynetwork.com The Network providing Innovative Quality Resources for Webmasters, Marketers and Web Sites Owners.

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated