An accountability partner is a person who coaches another person in terms of helping the other person keep a commitment
It can be a friend, spouse, colleagues at work, brother from church or mosque. Some one that you share your goals with on a periodic basis. I recommend weekly.
Meetings should be at least semi-formal. Maybe watch an educational youtube video together or listen to a chapter from an audio book to set the tone.
The forms like this should be used to conduct updates. There are many others downloadable from the internet as well as other excercises you can do during the meetings eg personality tests
This article advises : Forget Mentors, Find an Accountability Partner.
Business coaching is a process used to take a business from where it is now to where the business owner wants it to be.
A business coach will assist and guide the business owner in growing their business by helping them clarify the vision of their business and how it fits in with their personal goals.
A mastermind group is a peer-to-peer mentoringconcept used to help members solve their problems with input and advice from the other group members.
Research suggests that optimal groups limit their size to 8 to 10 participants that meet regularly with rotating leadership
There are 8 people from different sectors in my current mastermind group.
Best practices include:
1. Only invite people with the same
level of career drive & focus 2. Have a semi formal structure 3. Collect dues 4. Consider asking people that fail to
attend continually to exit group
5.Have quarterly or bi annual retreats. Doesn't have to be anything fancy just a half day/overnight place where you can be alone & focus on your goals
If you live on the mainland. Try to have fellow masterminders on the mainland too. I always have to drive to Ikoyi which is LONG.
Try to keep it local. But quality of people is what really counts. 😁😀
Not at all common. The vast majority of founders are honest and straightforward , but what OO is talking about isn't hearsay.
There are actually three main variations of this behaviour.
1. Free rider problem. This is mainly due to the flood of inexperienced investors/small angels. Actually more the fault of the investors than the founders.
I actually had a long conversation on whatsapp after Jason published that thread because Jason is someone I know. And I can vouch for his integrity anywhere....even Antarctica.
So I reached out to understand exactly what he meant. My interpretation is as follows. #Thread
1. On Focus
Many of the start ups that have grown exponentially in America would have not done so if targeted solely for the African Market because of the limited amount of disposable income.
Therefore I understood the "focus" point to mean that one may have to convince American investors around a strategy of "wide" as well as deep.
Basically set up the space to talk about the three main categories of advice I see asked about in my dms....which I can never really reply because the answers would really depend on the person's circumstances
But before I started addressing them I decided to talk about my own career journey especially recently when I started interviewing high net worth entrepreneurs ($100m+) in Nigeria and abroad
I was kind of disappointed by what I learned. Because I wanted a blueprint and what I heard where really stories that highlighted luck, trends & coincidences rather than skill.
Of course there was hardwork involved , in most, only a few more hrs than a regular person puts it.
Households’ choices about whether to make their own food or to buy it premade are shaped not only by the upfront cost of those things.
They also depend on what economists call “shadow costs”.
The true cost of an at-home meal involves not just the outlay for the ingredients, but the time spent on shopping and preparation. In an era of low female labour-force participation, shadow costs were low.
From newspapers to magazines to TV shows and movies; an image of what the world should supposedly be like is implanted into the subconscious mind of the viewer.
Over 90% of the stories we hear, are told by men. No wonder the world is so unequal.
Finance is actually as diverse as medicine in terms of specialities. Just like a physician is unlikely to be able to do a surgeons job. Your account officer in UBA is unlikely to be able to run a private equity fund.
Some specialise in VC, some PE, some sovereign debt, some project finance, some banking operations, others banking supervision, some trade finance.
Even not all PE people can understand VC transactions.
So asking someone that does microlending to lead a billion dollar, loan syndication with multiple institutions cannot work.