Growth Teams

by Labtorio

Announcing: Growth Teams

As a business owner, there are many decisions you need to make. But how do you figure out the right choice? Well, you can be like Henry.

What if you had a small, focused team of business owners with companies like yours?

As a business owner, there are many decisions that you need to make for the first time. How much do we charge for this service? Is it time to raise prices? What do I do when an employee is repeatedly late? How do I take a vacation?

Taking advice from family and friends is a crapshoot. Asking your customers isn’t always the best route either. Getting for feedback in an online forum or Facebook Group can be helpful… or misleading.

Does this person know what they’re doing? Have they actually solved this problem before, or are they just parroting something they’ve heard or read online? Is their advice relevant to you right now?

This is one of the reasons why so many business owners report feeling isolated and alone.

So what can you do about it?

Well, you can learn from a guy named Henry.

Henry had a growth team (and a snazzy suit)

Henry was the owner of a new business that was growing and expanding. As the decision-maker, he was facing new challenges daily. He didn’t have all of the answers, and he didn’t have a boss that could tell him what to do. The buck stopped with Henry, and he knew that he needed to learn how to improve his business.

So Henry started a mastermind group.

Each summer, Henry and some friends would organize a camping trip. Cars would be packed, plans would be made, and a group of smart, motivated business owners would head off on a roadtrip that could take several weeks.

During this roadtrip, Henry would talk about the problems in his business, and get feedback from his friends. He would share how he was making processes more efficient, and hear from a friend about a new product or idea that could change his business for the better.

So what did this group do for Henry?

Henry’s full name was Henry Ford, the founder of Ford Motor Company. His friends? Harvey Firestone of Firestone Tire and Rubber Company, Thomas Edison of the Edison Electric Light Company. Together, they headed one of the most famous mastermind groups in history, a group they nicknamed “The Vagabonds”. Their guests even included a U.S. President or two!

The Vagabonds’ group eventually became so popular they had to shut it down, but the men pictured above continued to meet at Ford’s home throughout their (very successful) lives.

Why would these men take time away from running their companies to meet up at a campsite in the Midwest?

They knew this one fact…

The best place to get advice is from people who have recently faced the problem that you're facing.

The truth is, they’re the only ones you can trust to know what they’re talking about and know what you’re talking about.

I am not the smartest, but I surround myself with competent people.

Henry Ford