Strategic Partnerships (Part Three of a Three Part Series)
Improving the Profitability of Your Professional Alliances

The Mastermind Group
We have discussed the importance of building individual relationships with like-minded professionals. Now consider how much more effective these partnerships would be if you super-sized them. What, you ask? Imagine that instead of regularly meeting one-on-one with your strategic partners, you leveraged your time by creating a mastermind group where all your partners could meet at the same time and benefit from this collaborative effort. Now instead of taking countless hours to meet with these partners individually you meet with them all at the same time, enjoying the mind-meld that results when professionals with the same customer profile are able to advise one other and share referrals. These groups should not only meet weekly, but set group goals to assist other members to achieve certain levels of client growth.Mastermind Groups also present great opportunities for marketing partnerships. Because Mastermind Groups generally offer complementary services, it’s extremely beneficial for these groups to pool money in order to purchase advertising. They can also go in on a booth at a trade show, taking turns manning the booth and promoting their services.Strategic partnerships are much more valuable than traditional networks. In building strong professional alliances you increase your clientele, your bottom line, and your business standing. You join the company of like-minded professionals who have your best interests in mind as you work together to grow one another’s businesses. While it may require more time and energy from you, it definitely offers a large return on that initial investment. And as an accountant you can appreciate a good ROI when you see one. Take the time to start building strategic partnerships today!
Leverage Your Professional Alliances and Build Your Clientele





