By Bill Edmonds
Owner of TAB Columbia and Northstar Leadership Solutions
Have you ever experienced a crisis in your business? I have.
Early in my career in the investment business, I was a sole practitioner. My first real challenge came with the crash of 1987, and was disrupted again a few years later by the Gulf War. I was confident in good times, but not so much in bad times. I was emptying my emotional bucket by serving my clients during the challenging times, yet nobody was filling my bucket. I was depleted, fearful, and lacking confidence.
This personal crisis taught me a very important lesson; life is not to be lived alone. I was tired of doing it alone and I was determined to make a change. I began to seek like minded business professionals to hang out with. Even though they were from a variety of industries and backgrounds, I quickly saw that our common goals – to grow our businesses and improve our lives – made up for the differences between us. Their insight became invaluable when I faced seemingly insurmountable business challenges, and they became great collaboration partners for growth opportunities.
King Solomon said in Proverbs 15:22; “Plans fail for lack of counsel, but with many advisers they succeed.” I’ve been building on this principle since discovering it in my early 30s. Doing life and business with others is more fun and more profitable.
Now I make my living teaching this principle to others. I bring together groups of like-minded business owners who are tired of doing it alone. We get together once a month for 4 hours to help each other solve problems, process ideas, and strategize for business opportunities. Little did I know that my “doing it alone crisis” three decades ago, would lead to a thriving business of teaching others how to avoid the same pitfall.
Perhaps you’re currently experiencing a similar crisis, or you see one on the horizon? Maybe you’re just lonely in your business and tired of being stuck? If either of these describe you, I suggest you seek a group of like minded business owners that you can do life with. It was a game changer for me, and I guarantee it will be the same for you.
It’s impossible to put out fires or water your business with an empty bucket. Boost your competence and self-confidence by filling your bucket with many advisors. Success is sure to follow!
If you would like to find out more about our peer advisory groups referenced in this article, reach out to me directly: [email protected].. Here’s a 2 minute video from one of our Columbia area group members sharing how he has benefited from participating in one of our groups: How I Grew My Business Through a Peer Advisory Group.
Bill Edmonds is a business consultant and executive coach. He is the Owner of TAB Columbia and Northstar Leadership Solutions, both located in Columbia. SC. Previously he was a Market Director and Executive for Merrill Lynch, with leadership responsibility for most of South Carolina and parts of Georgia. Bill is a graduate of the University of South Carolina. He started his own financial services agency in the mid-1980s, prior to being recruited by Merrill Lynch to be an advisor, and then later for senior leadership roles with the firm.