One of the most powerful business tools available to everyone is joining a mastermind group!
Mastermind groups are relatively new to most people, even though Napoleon Hill created the concept around 75 years ago with his book, Think and Grow Rich. A mastermind group is designed to help you navigate through challenges using the collective intelligence of others. It offers a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills.
Participants challenge each other to set powerful goals, and more importantly, to accomplish them. The group requires commitment, confidentiality, willingness to both give and receive advice and ideas, and support each other with total honesty, respect and compassion. Mastermind group members act as catalysts for growth, devil’s advocates and supportive colleagues.
HOW DOES A MASTERMIND GROUP WORK?
A group of smart people meets monthly to tackle challenges and problems together. They lean on each other, give advice, share connections and do business with each other when appropriate. It’s very much peer-to-peer mentoring and if you are lucky enough to get invited to one, you will most likely see a marked change in yourself and your business.
1. You’ll be part of an exclusive community. The other members need you just as much as you need them, so quality of experience and knowledge is crucial to all involved.
2. Advisement. Once you are involved in a mastermind group, that feeling of “being alone” while running your business is gone. The other members of the group turn into business advisors of sorts and vice versa.
3. Collaboration is the name of the game. You may find someone in the group that is a perfect fit to work on a project with you. Or you may be the perfect person to help another member as well.
4. Extend your network. By joining a mastermind group, you instantly add to your network and typically gain the networks of those in the group with you.
5. New learning. Everyone in the mastermind group is unique in skill, experience and connections. By interacting and sharing your challenges, it’s almost certain that someone in your group will have a solution for you, and you may be able to offer a solution, connection or tactic to help someone else as well.
6. Cross-promotion. When you join a mastermind group, you will most likely find ways to help each other by utilizing cross-promotion within your respective networks.
7. Think bigger. Being in a mastermind group will truly give you a “Master Mind!” You can’t help but think bigger and stretch beyond your boundaries when surrounded by amazing people doing amazing things.
Masterminds are incredible and can do wonders for your business, as well as for your personal development. Plus, growing in a group is not only more effective, it’s quite a bit more fun!