Some of the greatest success stories started in a mastermind group. Here are six reasons why you should join one today.
In life, some people walk the path of success on their own while others believe there is power in numbers. Whatever you choose, it is important to understand the benefits of what collaborating with other likeminded individuals can provide you and what you are most passionate about.
Deliberately seek the company of people who influence you to think and act on building the life you desire.
This quote truly sums up what a Mastermind Group is all about and it happens to be from Napoleon Hill, who is known for coining the concept in his classic masterpiece, “Think And Grow Rich.” In reality, mastermind groups have been around since the beginning of time. I even read that Benjamin Franklin belonged to such a group, which he called a Junto. They date back to The Knights Of The Round Table, to Franklin Roosevelt and all the way to the present day with the likes of Bob Kraft and Bill Gates (to name a few).
Here is what you can expect from joining a Mastermind Group:
1) Increased Accountability
At the end of each meeting you will most likely have an action plan and objectives you need to meet before the next meeting – which your group will hold you to. Being held accountable by your mastermind colleagues ensures you maintain the disciplined behavior necessary to succeed in your goals.
2) Collaboration & Expansion
Your group will undoubtedly be comprised of individuals with unique skills, experiences and connections. By interacting and sharing your challenges, it’s likely that someone in your group will have a solution for you. Mastermind colleagues usually have experienced the same or a similar issue to one you may be confronting.
Receiving (and giving) feedback can be painful for some people but when you’re on the receiving end of this process and it’s coming from someone who is not only successful but someone you respect – it brings forth a new paradigm of learning and growth for yourself. Remember in the group, everyone is working towards a similar goal and their sole purpose is to help each other be successful – everyone is on the same side.
4) Focus & Clarity
Sometimes the day to day of our lives can distract us from what we may truly want to be focusing on. The group will keep you on track – just when you are losing focus, the group will remind you of your purpose and why you started in the first place. If you are not sure what to do next or what direction to go in, the group will get you back on track.
5) Better Decision Making
It is easy to put off a decision – but with a group like this – you have your own due-diligence team to give you the confidence you need when making an important decision.
6) Big Picture Thinking
You can’t help but think bigger and stretch beyond your boundaries when surrounded by amazing people doing amazing things. Fellow Mastermind members will help you to see and grow your own potential.
What is a mastermind group and how does it work?
- The general consensus is that a mastermind groups offers a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills.
What’s NOT a Mastermind Group? According to one expert:
- It’s not a class. While your group can vote to bring in guest speakers and teachers occasionally, the main focus of a mastermind group is the brainstorming and accountability support among the group members.
- It’s not group coaching. Mastermind groups are about the MEMBERS sharing with each other, not about the Facilitator coaching individuals in a group setting. You get everyone’s feedback, advice and support.
- It’s not a networking group. While you may share leads and resources with each other, it is not the main focus of the meetings. However, through your connections with other members, you will find plenty of joint venture opportunities, lead sharing, and professional networking.
Mastermind groups don’t necessarily have to be focused on business or money—you can create a group to help you accomplish virtually any goal, ranging from losing weight to getting your book published or getting over your fear of public speaking. Check out this recent HBR Article, if you are looking to create your own Mastermind Group.
The floor is your: Have you ever joined a mastermind group and if so, what was your experience?
Please leave your comment below as your insights are greatly appreciated and a learning opportunity for everyone reading this article.
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