HTSS119 - Your network is your net worth - Scott Sylvan Bell

<p>There is a statement you may have heard before. It goes something like this... "Your network is your net worth". I always heard this statement but didn’t quite understand it. I really thought of it as a silly mantra. </p> <p>The power of masterminds is more than you imagine. It's important to disect what a group of dissimilar and similar people can do. The insights and shared knowledge is powerful for so many reasons. </p> <p>Your interactions are based upon:</p> <ul><li>Questions from others for introspection </li> <li>Ideas or concepts you would not have thought of </li> <li>Work flow or deal flow from introductions to others </li> <li>In a room / zoom / mastermind – you get to hear other perspectives from in and out of your industry, you get to travel and see other places</li> <li>You get put on the hot seat and asked questions – if you use the mastermind the right way your boundaries are pushed</li> </ul> <p>You only know so much and then you get in your own way. This is natural for everyone. The best in service and industries know they are limited in knowledge. </p> <p>When you have trouble or when you need to sell something there is a brain trust of others you can rely upon for unique twists and strategies that have worked. </p> <p>There is power in social influence, you will rise up / you will stay where you are. This happens because you have:</p> <ul><li>Introductions to others you may not have considered to meet beofre </li> <li>Introductions to opportunities where you would not have looked </li> <li>Other people can introduce you to their group, list, or even their business</li> </ul> <p>How you can use this concept wrong</p> <ul><li>Guru worshiping</li> <li>Going for the picture opportunity</li> <li>Asking without giving / only searching for WIIFM</li> <li>Not taking the network seriously</li> </ul> <p>There is power in meeting others to combine knowledge and experience. Your network is your network has so many facets and applications. </p>