Unlocking Greater Performance: Top 5 Reasons to join a Business Performance Group

As the Business Owner, CEO, MD, or leader of an organisation of any size, the isolation and loneliness that often comes with this role may seem like a small price to pay for the rewards, recognition, and power that comes with the job. However, being isolated at the top can often have a negative effect on your decision making and leadership skills. Therefore, to ensure you are the best leader you can be, it’s important to have a board of non-biased, trusted individuals you can turn to for advice.  

A  business performance group is comprised of a group of businesspeople, ideally who run companies of similar sizes and complexity, that meet regularly to work through business-related issues. Business Performance Groups offer a supportive and open environment and give you the space to take time out to be with others who know how it feels to walk, or to have walked, in similar shoes. Through dialogue, learning and enjoyment you can thrive and achieve your full potential – taking you from good to great.  

Taking time out to work on your business has many benefits for both yourself as a leader and your business, which can improve performance, growth and profitability.  

However, given all the other things you could invest your time and money in, why would you possibly want to join a business performance group? 

Here are 5 reasons why it's worth joining a business performance group, explained by our Chair, Alan Branagh. 

Discipline & Accountability - It's hard to be held accountable when you're running your own company and research proves that we perform better when we are measured and held accountable. Most of us who run smaller companies don't have an effective, non-biased board of advisors to offer construction criticism or advice to help you to increase your performance. A business performance group can serve this role for you and become ‘Your personal board you can afford’. 

‘An audience with’ - We all know the value of on-the-job learning but one of the most valuable assets when joining a business performance group like the Alchemists Forum, is that you will have the opportunity to learn from professional speakers & facilitators as part of our ‘An Audience with’ sessions. This multi-tracked experience which will see you learn from both your fellow members, as well as professionals will only help accelerate the pace of your own understanding of running a business effectively and being an effective leader. 

‘Been There, Done That’ - There's an old saying that wisdom comes from making mistakes. No matter what challenges or opportunities you may be facing in your business, someone else in your group has most likely been there before. By listening and learning to others who have experienced and come out the other side of similar situations, you can avoid making the errors they did. 

A Safe Zone for Emotional Support – As a business owner or leader it can feel isolated or lonely ‘at the top’. However, becoming a member of a business performance group allows you to create respected, trusting relationships with other business leaders who will understand what you are experiencing emotionally. It can be incredibly important to have a place where you can get the emotional support you need to help with workplace creativity and motivation. 

‘Work on your business, rather than in it’ - It can be extremely easy to become consumed in the day-to-day challenges and tasks of your business. However, as a business leader it is important that in addition to overseeing day to day business, you must keep your focus on growth and new opportunities. Being a member of a business performance group gives you a chance to disconnect and work on your business, rather than in it. This is especially true if your business performance group, like the Alchemists Forum, has an experienced chair who can help guide and advise you through tackling the issues that will ultimately drive the greatest economic impact in your business.  

The Alchemists Forum brings business owners and business leaders together to make great decisions, inspire greater thinking and achieve greater performance.