LearnShareProsper logo Boosting Business_Performance Adele Sommers
by Adele Sommers, Ph.D.
 www.LearnShareProsper.com Adele@LearnShareProsper.com 
In This Issue

November 15, 2007
Volume 3, Issue 23

"How-to" tips and advice on increasing business prosperity, published every other Thursday.

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Greetings!

-- Feature Article: Tips on Creating or Joining a Professional Support Network

-- Note from the Author: We All Need a Helping Hand

-- Special Message: Do You Need Savvy Business Advice?

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Note from the Author

We All Need a Helping Hand

Global creative support networkAre you seeking new ways to get your show on the road, or your plane off the ground? Are you using trial and error to gauge how best to influence your colleagues and projects, but just not seeing the results you want? Do you ever wish that you had a team of coaches or advisors who can help you break through any obstacles and guide you to success?

If so, you may be the perfect candidate to start or join a local or global support network. Different varieties of such networks, alliances, or groups can sprout anywhere, at any time, for any purpose. And in today's virtual world, we have a plethora of ways to participate remotely, instead of, or in addition to, meeting others face-to-face.

People with the following characteristics are ideal candidates for engaging with a professional network or support group:

  • A whole and balanced outlook on life
  • The ability to act as a partner and coach to others; not merely give advice
  • Values that are compatible with the value system of the other participants
  • The ability to be open-minded and receptive to others' suggestions and ideas
  • The capacity to take responsibility for one's own decisions and actions

With this in mind, I hope you enjoy today's features, including "Tips on Creating or Joining a Professional Support Network." If you have insights of your own, I'd love to hear from you!

Here's to your business prosperity,

Adele
Adele Sommers, author of the "Straight Talk on Boosting Business Performance" success program

P.S. If you missed any previous issue, visit the newsletter index!

Special Message

Do You Need Savvy Business Advice?

Fortune 500 executives typically have expert advisory boards to help them make tough strategic decisions. But small businesses could rarely afford this luxury -- that is, until the new Virtual Advisory Board (at http://www.virtualadvisoryboard.org/).

This site, a part of the James J. Hill Library, is an online space to post business queries and receive advice from entrepreneurial peers, small business counselors, and business information specialists. It is also a place to share your own knowledge.

James J. Hill Library Advisory Board

You can ask or answer a question; develop a strategy, or help someone else build one -- all at no charge. The site invites you to use the Virtual Advisory Board to create your own virtual executive team, and then move forward with confidence.

James J. Hill Library logoWhat is the James J. Hill Library? Since 1921, this world-class institution has devoted itself to providing business resources and information, and is considered to be one of the most comprehensive business libraries in the country. Although there is a physical library in St. Paul, Minnesota, the vast majority of its information is available online, using just your computer terminal and telephone (toll-free: 1-877-700-4455). It offers a variety of cost-effective access methods from which to choose.

Feature Article

Tips on Creating or Joining a Professional Support Network
by Adele Sommers

Have you worked on projects alone or with others and wished for the chance to vet new ideas through a supportive group of people who could provide constructive, candid comments? This article offers an overview of what various types of support groups or networks do, how they work, what to expect if and when you choose to join or start a professional group of your own.



A Few Flavors of Support Networks

The following alliances represent some of the many ways people can support each other in pursuing short-term and long-term professional goals:

Woman "brainstorming"Master mind groups. These are groups of people who, over long periods of time, exchange ideas and viewpoints to help guide members through unfamiliar territory. This is different from friends or colleagues meeting periodically over lunch to shoot the breeze and casually compare notes. (See further details, below.)

R&D teams. Research and development teams can operate inside or outside of an organizational structure. They act as a think tank, providing feedback and strategic input for designing, developing, testing, and refining something. Unlike Master Mind groups, however, members might not interact directly with one another; they might provide comments or critiques to a certain person or team leader periodically, for example. (More information below.)

Executive peer coaching networks. Organizations such as Vistage International, formerly known as TEC, The Executive Committee, support the needs of CEOs by providing a place for chief executives to draw on the experience and knowledge of their peers.

Special-purpose exploration groups. These are people who meet to investigate their mutual interests and opportunities to cooperate or collaborate. They may or may not continue their interactions after the initial exploration has run its course.

Project support partners. Creating a buddy system with a friend or colleague to exchange project or business advice can help maintain the momentum for both.

Mentoring and coaching. People seeking a particular vein of guidance might meet periodically with an advisory board, teacher, mentor, coach, or group of peers.



Is a Master Mind Group Right for You
?

Master Mind groupPopularized by Napoleon Hill, the author of the 1937 classic "Think and Grow Rich," the centuries-old practice of creating Master Mind alliances is intrinsically linked to business achievement. Its hallmarks include candid but harmonious exchanges of ideas and viewpoints that help guide members through uncharted waters.

Master Mind encounters involve a structured meeting protocol and deeply shared value system. Members have complementary or overlapping interests and goals, and ideally embody considerable diversity in their backgrounds and viewpoints. A Master Mind group may contain three to seven people, or even more.

My research revealed that many Master Mind groups aim to continue into perpetuity, so they primarily seek members interested in a long-term commitment to the higher purpose of the group. It may take months -- or even years -- for all of the members to become completely comfortable with one another. Therefore, people looking for a quick fix idea or a few pieces of advice usually aren't good candidates.

Shared values of Master Mind members include harmony, unequivocal integrity, trustworthiness, confidentiality, and a belief that individual success can be guided by the wisdom that emerges when people put their heads together for mutual gain. To this end, some Master Mind groups derive their charters from guidelines offered by spiritual organizations.

Master Mind group membersReasons for meeting can include providing mutual support and encouragement for each person's business or philosophical goals, brainstorming, offering a group sounding board, exchanging feedback on product samples or marketing materials, resource sharing, networking, and solving business challenges.

Although socializing also may be part of the agenda, the reasons for meeting typically do not include resolving personal crises or substituting as counseling or therapy.

Meeting duration is typically one to four hours, depending on the number of participants and the frequency of encounters. Meetings might occur face-to-face, telephonically, or using another electronic method. Some groups assemble weekly; others converge on a biweekly, monthly, bimonthly, or even quarterly basis.

Meeting rules stress confidentiality and the use of an established protocol. Meeting facilitation techniques keep topics and times on track. A note-taker can increase the individual accountability and make it possible to share the outcome with a member who wasn't present.



What Do R&D Teams Do?

My research revealed that R&D teams act as a think tank, providing feedback and strategic input for designing, developing, testing, and refining something. The teams run by entrepreneurs and professional associations often operate entirely in a virtual mode. Participants might be asked to do things such as:

  • Validate or constructively criticize a new idea, proposal, draft, or mockup.

  • Accelerate the creative process by helping to brainstorm, invent, or pioneer.

  • Guide, shape, and refine tools, systems, programs, or other intellectual Virtual discussion groupproperty.

  • Offer candid advice, feedback, opinions, suggestions, reactions, corrections, strategies, or solutions to problems.

  • Visualize and co-create a new organization.

How Do R&D Teams Work?

The R&D team leader can kick off an R&D team by issuing a general invitation, such as through a mailing list or a Web site.

Participation is voluntary, which means that compensation to contributors entails primarily intrinsic rewards rather than monetary ones. One major reward would be working to produce a visible result in an area of burning interest.

Virtual connectivityVirtual R&D teams usually "meet" to discuss ideas via electronic means -- e-mail, telephone conferencing, or Web conferencing. Participants might receive e-mail requests up to several times per month, depending on the project's needs. Not every project will necessarily interest every team member; participants generally pick and choose.

Team members should expect to follow certain ethical standards regarding the confidentiality of information and proprietary material. R&D team members might even be asked to sign a nondisclosure agreement.

In conclusion, professional support networks can provide tailor-made assistance to people growing businesses or launching creative endeavors. The variety of options means that at least one flavor of alliance could be right for you!

Copyright 2007 Adele Sommers

The Author Recommends

Think and Grow Rich by Napoleon HillThink and Grow Rich by Napoleon Hill

Isn't this a good time to buy, borrow, dust off, or otherwise get a hold of this 1937 masterpiece?

With the original and updated versions available in paperback, hardcover, audio CD, and a no-cost digital download format, you can conveniently enjoy the 16 important lessons that Hill learned while spending 20 years of his life interviewing scores of wise and successful people. He embarked on this endeavor in response to Andrew Carnegie's request to document the "secrets of wealth building" and bring the formula to the men and women of the world.

About the Author

"Straight Talk" Special Report
"Straight Talk" Workbook

Adele Sommers, Ph.D. is the author of "Straight Talk on Boosting Business Performance" -- an award-winning Special Report and Workbook program.

If you liked today's issue, you'll love this down-to-earth overview of how 12 potent business-boosting strategies can reenergize the morale and productivity of your enterprise, tame unruly projects, and attract loyal, satisfied customers. It's accompanied by a step-by-step workbook designed to help you easily create your own success action plan. Browse the table of contents and reader reviews on the description page.

Adele also offers no-cost articles and resources to help small businesses and large organizations accelerate productivity and increase profitability. Learn more at LearnShareProsper.com.

LearnShareProsper.com/Business Performance_Inc.,
7343 El Camino Real, Suite 125, Atascadero, CA 93422, USA. For information and Customer Service, call +1-805-462-2187, or e-mail Info@LearnShareProsper.com.

 
 
 

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