ROI of Attending a Retreat

Attending a retreat can often sound like a luxury. After all, the term “retreat” implies you’re getting away from your business, not working on your business, right?
Not necessarily.

​Yes, a retreat can be an opportunity to “get away from it all”, but that doesn’t mean you won’t be working on your business. On the contrary, sometimes our best work happens when we take some time away from the office because it gives us a perspective we can’t get when we’re in the office day in and day out.

​So, to help you understand that attending a retreat can be an investment in your business, just like any other investment, here are some returns you can expect to enjoy after you’ve made that investment (and put in the work required by the retreat).

Planning

One of the biggest mistakes I see entrepreneurs and small business owners making is failing to create a plan for their business. Or maybe they create a plan when they first start out, but then they shove it in a drawer somewhere and forget to check in with it to make sure they’re achieving the goals they set out to achieve.

​Trying to run a business without a plan is a great way to waste time, energy, and resources. When you don’t have a goal with a solid plan attached to it, you’re more likely to get pulled in all different directions instead of identifying a plan of action to achieve your goal and sticking to it.

​Networking

​Business retreats are a great opportunity to network with other entrepreneurs and small business owners. Many business-oriented retreats provide a time specifically for networking, but even if they don’t, just being in a room with other entrepreneurs and small business owners can be a great opportunity to connect with them and bounce ideas off of them, which brings me to my next point:

​Inspiration

​Seeing the same group of people every day can help you build a rapport with them, but it doesn’t always provide opportunities for injecting new ideas into that group, especially if it’s a small group. If you’re a solopreneur trying to make it work on your own, then your ideas are limited to the ones you can come up with yourself, and no matter how smart you are, we all have our limitations.

​Attending a retreat focused on improving your business is a great way, not only to network with other entrepreneurs and map out a plan for your business, but you can also bounce ideas off those entrepreneurs and think up great strategies for your business you had never before considered.

​If you’ve never been on a business retreat before, or if you have but it’s been a while, my next Quarterly Retreat might be just what you need. Take some time to identify what went well this past quarter and what could have gone better, then map out a plan of action for making the last quarter of 2021 your best quarter yet, all while networking with other, like-minded entrepreneurs. You can find out more about the retreat and buy your tickets here.