You have a strong business plan for 2021, a great marketing strategy, and KPIs set that you’re confident will grow your company this year.
But did you know there was an extra resource for all entrepreneurs that can help you put those plans to action and achieve your business goals more effectively?
The Secret is in Accountability Groups
An accountability group is where entrepreneurs meet to share their business goals, report successes, share knowledge, and support each other in reaching those goals. More importantly, it’s about crucially holding each other accountable for achieving them.
They can meet weekly or bi-weekly and focus on entrepreneurship, personal development, and business. But the key is in regularly checking-in with each other’s progress.
From achieving your goals to surrounding yourself with valuable business support, here’s why joining an accountability group can help you excel in business in 2021 and beyond.
Accountability in Action
Have you ever hired a fitness coach? If so, were there days when you thought, ‘ugh, I’m too tired, sore, or busy to workout’? Yet, you knew your coach was expecting you to show up.
Chances are you showed up and worked out way more than you planned.
Simply put, that’s the power of accountability!
Being Accountable is Proven to Help You Achieve Your Goals
Studies have shown that accountability makes a huge difference when it comes to achieving your goals. The American Society of Training and Development (ASTD) found people are 65% more likely to reach their goals when they’ve shared them with someone else.
Taking it a step further and meeting with an entrepreneur group is even better, as ASTD also found people are 95% more likely to reach their goals when they share them with a group and meet regularly to review them.
When you’re regularly recounting your progress towards achieving your goals with other entrepreneurs, you can’t rest on your laurels, become lazy in working towards them, or make excuses for why you aren’t achieving them. By making yourself accountable, you’re simply giving yourself no choice but to achieve your goals.
It Will Help You Set Up Achievable Objectives
Being part of an accountability group, with other entrepreneurs, will help you set up a goal strategy that makes sense for your business and is challenging yet achievable.
Having a group of like-minded professionals around you is a great way to compare your objectives to other businesses and realize which areas you can push yourself further in.
An accountability group creates a regular, supportive business environment
By meeting with a business mastermind group regularly, you will also have a familiar group of individuals to discuss business and topics relevant to your work.
What’s that mean for you? These individuals will also be impartial to your company, making them perfect confidantes to go to for objective business advice and support. Additionally, having your accountability group’s backing can make you feel more confident and empowered when making business decisions.