One of the hard parts of being an entrepreneur is the psychological weight of being the key decision-maker. Every decision and metric depends on you. Figuring out how to organize your time, stay accountable, and make everything happen without losing your mind is a real challenge. I don’t say this lightly: Not having people to talk to and bounce ideas around with can be one of the hardest parts of starting your own business. For that reason, many entrepreneurs I know turn to mastermind accountability groups to help them stay focused and successful. But what exactly is a mastermind and why are they so important? Here’s what they are, how they’re structured, and how it works.
I find monthly reviews and annual reviews both to be great processes for my business growth, but there’s something specific to the quarterly cycle that is the perfect time frame. A month goes by too quickly to gather enough data to make decisions, and a year can be far too long. If a year goes by and you haven’t checked on your goals in a while, you may wake up to find you’re way off track from where you want to be. Here’s the exact system I use in my business planning, the questions I use for reflection, and why a quarterly check-in is so powerful.