When it comes to your practice, who is supporting and challenging you to get better? Because getting better – REALLY better – will happen faster if you work with people who understand your journey. When it comes to your practice, don’t overlook the power of belonging to a group.
Hey, what’s up everyone! I’m Rod Burkert. And welcome to my Practice Development Corner, the place where business valuation professionals like you come to learn how to turn the practice they have into the practice they want.
Ok. Your clients hold you accountable to get their work done. But who holds you accountable to do the things you know you should be doing to get your work done? To wrestle with a report or a calculation? To master the newest practice management platforms – like BVR’s Deal Stats or D&P’s Cost of Capital Navigator? To learn the latest practice development tools – like Paper and Zoom? Or, just in general, to help you work smarter, not harder?
I know. That stuff takes soooo much energy. And after completing client work, you’ve got nothing left in the tank to execute on much else. But a business coach I work with says energy is more important than intelligence. And you can get both by belonging to a group.
Look, building a successful practice – however we define that for ourselves – can be a long, winding road if we go it alone. For example, I have a group of BV colleagues who help me … Mel Abraham, Mike Kaplan, Mark Kucik, and Scott Saltzman. Starting in the mid-90s, we “grew up” together. And twenty-some years later, we’re still together – still colleagues … still friends … and ready to help each other get better at a moment’s notice.
Turns out, this kind of comradery is not unusual. James Altucher said look at every literary, art, and business scene. There were the Beats: Jack Kerouac, Allen Ginsberg, William Burroughs and many others who grew up together.
In the 1950s art scene: Jasper Johns, Willem de Kooning, and Jackson Pollack all lived on the same street in New York City.
The programmers: Steve Jobs, Bill Gates, Ted Leonsis, Paul Allen, Steve Wozniak and a dozen others all came out of the Homebrew Club.
YouTube, LinkedIn, Tesla, Palantir, Yelp, and several other tech companies came out of the so-called “PayPal mafia.”
All of these people could have tinkered by themselves. But people seldom get better as individuals … they get better as – or in – groups.
So create your group … spend a ton of time with them … and as you make A scene you become THE scene for your work just like the people I mentioned above. And like them, you’ll challenge each other, compete with each other, and ultimately take turns surpassing each other.
That’s it for this episode. What do YOU think? Do you belong to a group already? What’s your experience been? Let me know by taking just a few seconds to like, comment on, or share this video. Thanks for watching!
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