President Obama has one. CEOs have them. And you should have a think tank, too. While it is true the traditional model of a think tank arose among scholars seeking new perspectives on perplexing problems, business owners should consider a similar strategy.
Often problems that stifle business growth are not easily understood by those closest to the conundrum. Most of us tend to be myopic in our focus, particularly when a vexing issue is holding our business hostage. A single-minded focus may be a positive catalyst for getting a startup off the ground. Even so, at the same time one can lose a vital perspective that may hold the key to unlocking one of those breakthrough moments.
In short, two or three or even more are better at perceiving solutions to those tenacious problems than one single CEO. Bring a group of business leaders together and creative sparks begin to fly.
But there’s one fly in the ointment: Those executives are hard-pressed to organize a think tank. Accomplished people tend to have fully-booked calendars. One business lunch soon turns into a cluster of invites, which then torpedoes the idea altogether.
What if non-competing business executives had a regular get-together through which they could draw upon the combined acumen within one trusted group? What if you could participate in one-on-one executive coaching, not just with one more run-of-the-mill coach, but with a trusted team of advisers — men and women pledged to help one another navigate a quick-silver business environment?
Take the Affordable Care Act as just one example of a legislative change that offers both opportunities and risks. It’s not always easy for a business executive to sort it all out while still keeping a primary focus on generating a healthy revenue stream.
Perhaps opportunity is calling you. Give us a call.