Having been part of several very effective mastermind groups, my friend Troy Spring and I are firm believers in the power of the mastermind to help business owners reach new levels of success.
However, we’ve also discovered that mastermind groups do not always deliver the desired results. They have to be set up and run in the right way and – most important – they must have the “right” people in attendance.
So, when we decided to create our own automotive mastermind group, we started by listing the top automotive professionals we know – from Dealer Principals to General Sales Managers to used Car Managers to Internet Sales Managers to Sales Professionals to Vendors – and we sought to identify the key characteristics that made them stand out from the rest.
We noticed two key factors that marked out the top participants – even among a group that were all successful, intelligent, knowledgeable, driven entrepreneurs. These two factors were:
- They took immediate action on ideas and implemented what they learned
- They achieved financial results right away from new information they obtained
Having identified those two factors, we agreed that a successful group from the auto industry would have to build around people like that.
It would be made up of people who not only had great ideas but who also had practical experience – people who had actually done the work necessary and were ready to implement what they learned as part of the group.
Success breeds success and a good mastermind group multiplies success many times over.