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The Green Sheet Online Edition

January 09, 2023 • Issue 23:01:01


Give and get support in 2023

As an ISO, merchant level salesperson or other professional in the increasingly diverse payments and fintech ecosystem, you've probably taken a fresh look at your goals for 2023, as well as your plans for achieving them.

Have you included giving and receiving support in your plans? Leaders in all walks of life have mentioned they have not succeeded on their own. In the early 20th century, English mathematician and philosopher Alfred North Whitehead said, "No one who achieves success does so without acknowledging the help of others. The wise and confident acknowledge this help with gratitude."

Successful people have also extolled the value of helping others. Another individual who came to prominence in the early 20th century is comic actor and filmmaker Charlie Chaplin, who said, "We all want to help one another. Human beings are like that. We want to live by each other's happiness, not by each other's misery." And former U.S. President Ronald Regan once said, "We can't help everyone, but everyone can help someone."

Peer-to-peer mentorship, support

One resource to consider for mutual support is a Mastermind group. In a peer-to-peer mentorship format, members share resources, discuss ideas and provide accountability. These groups offer exposure to the knowledge and experiences of a pool of professionals with diverse perspectives. They also bring a sense of community, which can be invaluable during times of challenge or change. Networking within a Mastermind group is also a way to build relationships with like-minded people who may become your mentors or mentees, colleagues, or business partners.

Commitment of resources

For some people Mastermind groups haven't worked out for a few key reasons:

  • Cost: Some Mastermind groups charge a fee for membership or to access resources. If a group has a celebrity leader and/or a bevy of high-powered, prominent members, these fees can be large. Also, some groups hold meetings a few times each year at luxury locations that involve significant travel expenses.
  • Time: Whether or not they involve travel, Mastermind groups typically meet regularly, which can, for some, consume too much time.
  • Group dynamics: Mastermind groups, like any type of group, can involve unproductive dynamics, such as conflicts or power imbalances. Theyalso typically involve sharing of personal and professional information, which is too uncomfortable for some people to do in a group setting.

Resources aplenty

That said, if you're looking for accountability and encouragement as you work toward your 2023 goals, a Mastermind group might be just the thing for you. For information on starting your own Mastermind group, visit https://bit.ly/3Ger35S.

There are other options, though, especially in the community-minded payments sphere, where we have long-standing regional acquirers associations, the Electronic Transactions Association, and so many more established and emerging trade groups for our ever-transforming industry. These groups offer educational and networking opportunities where you can see and be seen.

Other options include individual coaching and online communities with forums for a range of interests. With so many resources at your disposal, I predict you'll be able to give and receive all the support you need this year. end of article

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.

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