Last night we held a teleconference call with a group of high net worth, high income earners (MINIMUM net worth $5 million or $1 million annual income). We had 86 people registered for the call and had a blast.
I want to share with you what I learned was on these higher earner’s minds from their feedback on the call. I’m a big believer that if you want to grow your business and build wealth learning from people who’ve gone before you will shorten your learning curve and remove obstacles from your path.
First I asked them at the start of the call, “How many of you feel like you’re the leader of your current peer group financially and business-wise? With your current peer group drafting off you?”
It really interested me to note that over 65% of them felt that they were at the front of their peer group. We talked about this and several of them shared that what prompted them to be on the call last night was because they wanted to change that fact… they wanted to upgrade their peer group because they realized that in order for them to take things to the next level, they needed a peer group who could support them in the jump. (The second half of the call last night was about the brand new “Level Three Mastermind Group” we’re starting for people who meet the minimum criteria of $5 million net worth or $1 million annual income.)
Later I asked them what their single greatest distraction was to growing their main business or businesses… What do you think they shared?
The top answer was, “Too many opportunities.” You see, as you step higher and higher up the success ladder in your business you’ll risk not a lack of opportunities, but an overabundance. It’s possible to drown in too many opportunities if you don’t have the clear focus to direct your actions.
What’s the best way to remain true to your strategic focus? You’ve got to cultivate outside mastermind partners who you respect enough who can hold you accountable to your stated purpose and focus. The people who work for you can’t do it… your significant other can’t… but an independent and respected mastermind team CAN and will hold you accountable.
Then we talked about other benefits of upgrading your peer group, like having access to an expanded referral network of successful people. Did you know that over 90% of the people on the call shared that the way they found their best professionals were via referrals from other trusted peers in their network. It’s no wonder that successful people hang around with successful people, it makes it easier to grow and expand your business and investments!
Another interesting question I asked them was what was their single biggest business concern right now. What do you think they answered to that one?
The number one answer (50%) was how to best sustain the growth of their business. Notice their focus wasn’t on “survival” but on GROWTH! 30% answered that their number one business concern was how to best sell their business sometime in the next 36 months. Again notice that the most successful people have been able to focus on the things they want (growth, successful sale of their business, etc) versus the things they fear. This is a HUGE INSIGHT.
Read that again…
The most successful people have been able to focus on the things they want (growth, successful sale of their business, etc) versus the things they fear.
I’ll bring this letter to a close now. I hope these insights helped provoke some useful thoughts on your part.
NOTE: For those of you who have already enjoyed a great deal of business and investing success I welcome you to apply to join our brand new “Level Three Mastermind Group”. Again the minimum criteria to join that group is $5 million net worth or $1 million annual income. The mastermind group will meet monthly via teleconference line on the 4th Friday of each month. To find out more and enroll please email Stephanie in our office. Her email is Stephanie@mauimastermind.com. Please put, “High net worth group” in the subject line so she can get back with you right away.
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