Welcome to a new episode of Business Lunch! In this episode, hosts Ryan Deiss and Roland Frasier dive into the importance of community, especially for entrepreneurs. They discuss the transformational power of getting together in person and how masterminds and advisory boards can significantly impact your business growth. From discussing large-scale entrepreneurship conferences to exploring the nuances between boards of directors and advisory boards, this episode offers a wealth of knowledge on scaling your business through strategic networking.
Highlights:
"Something changes when you're actually there in person; you’re missing out if you don't have that kind of community."
"The magic isn't having a board of directors; it's about having peers that guide you."
"You definitely do better when you have a board of directors, but it's hard to find peers to do that."
"Masterminds accelerate your connectivity much more than anything else you could do."
Timestamps:
00:00 - Introduction and the importance of in-person meetings.
00:44 - Welcome to Business Lunch Podcast.
03:11 - The impact of COVID-19 on business networking.
06:18 - Insights into joining paid groups and the value of exclusivity in networking.
10:55 - Differences between various advisory and directors groups.
17:13 - Personal experiences with masterminds and advisory boards.
23:57 - The concept of a 'deconstructed board' and personalized advice networks.
28:11 - Closing thoughts on choosing the right type of advisory setup for your needs.
33:05 - Episode wrap-up and invitation to the next episode.
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