M I L A N A . L E S H I N S K Y

Your Multiple Income Streams Business Coach

5 Lessons I Learned FRrom Running My Recurring Revenue Business Mastermind This Week!

Posted on | September 16, 2011 |

I just spent 3 days in a beautiful Baltimore Inner Harbor area masterminding with my clients - coaches, consultants, speakers, and information entrepreneurs who are creating a recurring revenue business.

The experience was truly transformational for all of us, and I wanted to share a few things I learned this week:

  1. There are hundreds of ways to create a successful business, but only a handful are right for YOU. Take your time identifying your skills, passions, and dreams before investing too much time or money into your business.
  2. The “guru” doesn’t have all the answers. What works for your mentor or your colleagues may not always work for you. Get advice from others, but use your own goals and skill set as filters for deciding how to proceed.
  3. When shifting into another business model, be patient. New revenue streams may take time to show up in your life, but when they do, you’ll love the new ways you’re creating income and can slowly let the old ways go.
  4. It can be both, scary and exciting to create new income opportunities in your business. But as long as you’re more excited than scared, it’s okay to move forward!
  5. Nothing is ever wasted in business. Even if you created a product and put it out there, and nobody bought, you haven’t really wasted anything. Now you know how to go through the process of creating and launching a product, and can do it over and over again, getting better with each try.

Most importantly, surround yourself with people who can support you and love you no matter what, and give you the courage to keep growing your business!

Here are just a few photos from my mastermind retreat:

Enjoying the bay view on Inner Harbor before dinner

Enjoying the bay view on Inner Harbor before dinner

Dinning on Inner Harbor in Baltimore

Dinning on Inner Harbor in Baltimore

Milana's Recurring Revenue Business Mastermind Retreat

Recurring Revenue Business Mastermind Retreat

Deep in the mastermind process!

Deep in the mastermind process!

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Category: Business, Lifestyle, Mindset, What I am up to

Comments

5 Responses to “5 Lessons I Learned FRrom Running My Recurring Revenue Business Mastermind This Week!”

  1. Kristina
    September 16th, 2011 @ 2:39 pm

    When are you doing this again? I am in need of a mastermind group! Help!!!!

  2. Emra Smith
    September 16th, 2011 @ 2:43 pm

    This was truly an amazing experience. The friendship and wisdom of the group has enriched my life and business. Thank you Milana and each of you. What a worthwhile investment.

  3. Jan Sandhouse Hurst
    September 16th, 2011 @ 2:59 pm

    Milana, thank you for sharing your insights. I especially appreciate this one:

    “Nothing is ever wasted in business. Even if you created a product and put it out there, and nobody bought, you haven’t really wasted anything.”

    We so often want instant results and fail to see that the experience is often the lesson in itself.

  4. Cindy Schulson
    September 16th, 2011 @ 4:34 pm

    What an incredible experience it was this week Milana, and you’ve captured some valuable takeaways that everyone can benefit from.

    I’m so grateful that you chose me to be the coach for this Mastermind group. It is truly an amazing group of entrepreneurs you’ve attracted to you.

    Milana, I always knew and respected you as a mentor, but now I know and respect you at a whole other level. You have a huge heart and care deeply about the success of your clients.And what amazes me is how, despite your “guru” status, you don’t get caught up in ego. That’s just not what you’re about.

    One of my biggest takeaways is that there are a million great ideas you can come up with for building your business. The key is to choose one based on your strengths and passions, and then go for it. Take focused action and don’t allow yourself to get distracted by opportunities that don’t fit within your vision.

    thanks and warm wishes,
    Cindy

  5. Louise Crooks
    September 20th, 2011 @ 1:00 am

    Great insights Milana! Thanks for sharing! Looks like a fab time. :)

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