I came across the concept of a mastermind group when reading the classic Think and Grow Rich by Napoleon Hill. Basically he presents a compelling case for why 2 or more heads are better than one. Trying to do everything on your own is a fools game and a recipe for disaster. Every exceptional entrepreneur understands that they need to surround themselves with exceptional minds in order to be successful. The regular meeting of minds, in a structured and focused forum has many advantages, I have explored 7 key advantages below.
Everyone has blend of skills and experience that make them unique, mastermind groups provide a wonderful opportunity to learn from each other and share experiences that help other members to negate issues and overcome obstacles. It also provides you with the opportunity to share of your experience and knowledge, so it is definitely a reciprocal process.
If you want to take your business and life to the next level there is nothing like channeling the collective mind to keep from thinking small. Different backgrounds and experiences often lead to different perspectives, when we are close to something we can miss things, but having an outside eye looking at the same situation can give you a completely different angle you may other wise have missed.
ery often its not a lack of knowledge that prevents us from reaching our goals but a lack of focused action. We may have the best plan but not do what it takes to make the plan a reality, a mastermind group will provide a forum of accountability which will help you to keep on track with your plans and take consistent action towards your dreams.
By joining a mastermind group you gain access to the connections of the different members of the group which helps you to extend your network. Members of the group will often cross promote each others services supporting the growth and development of each business.
Whether you are in business alone or you have a team, being a leader can be a lonely place. At the end of the day final decisions are down to you and if things go wrong you are accountable for putting them right. Having a network of support to encourage you and spur you on when you want to give up can give you more energy and confidence to overcome challenges to achieve your goals.
Members of your mastermind group are also there to challenge you, similar to a board of directors they should help to ensure your decision making is sound and that you are not drifting off plan without a very good reason. They are also there to push you, if you could be doing more or you could be working smarter or at a higher level, they are their to constructively challenge you on these points.
Bigger ideas, smaller problems
Your mastermind group will help you to make your ideas bigger and better, through the power of the collective mind, you will generate ideas that its unlikely you would have come up with alone, furthermore you will be able to refine your existing ideas. Also with even more minds on your problems they will become smaller and loose their power, you will create more sophisticated solutions and it its likely your problems will become great opportunities.
Will you start your own mastermind or join one in your local area? Why not join me for the Profit for Purpose Radio Mastermind on New Style Radio? Find out more here.