Earlier this week, I posted quite a controversial blog (bearing in mind Mastermind is the CORE of what we do) entitled “7 Reasons you should NOT join a Mastermind group”. As part of our series of blogs regarding Mastermind, it is only then fair to offer the other side to the argument and offer reasons as to why you might want to consider joining a mastermind group.
I’ve been involved (one way or another) initially as a guest, then quickly as a participant for at least the past 14 years. And since 2014 as a host and facilitator of Business Masterminds. Throughout all my time around Mastermind, I have seen first-hand (through my P&L balance sheet, my income both gross and net) as to when I was or wasn’t involved with, participating in, practicing that which I learnt through Mastermind!
There is a special energy that surrounds a group of success minded individuals – an energy that lifts the individual and the group. In a Mastermind Group, participants raise the bar by challenging each other to create and implement goals, brainstorm ideas, and support each other with total honesty, respect and compassion.
So, here are my 14 reasons as to why (If you are dedicated to the significant and sustainable growth of both you AND your business) you should consider joining a Business Mastermind:
To Challenge Yourself
A Mastermind Group will challenge you to grow your business to its fullest potential. In day to day business activity it is easy to get side-tracked (what I tend to call SOS or Shing Object Syndrome) – with a Mastermind Group you will keep on track.
Share your ideas and alternatives within your Mastermind Group. Looking for new ideas for your business? Have a new idea for your business? Want objective feedback and help with that idea? The group will provide more ideas and constructive feedback on your ideas.
If you are not sure what to do next, what direction to go in, the collective power of the Mastermind will kick in offering thoughts, idea’s suggestions based on their own background, experience, qualification; things you are unlikely to ever have considered yourself.
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 the potential you are missing out on.
Everyone in a mastermind group is unique in skill, experience and connections. Everyone is expert at something and as you interact with each other you will be picking up new skills and talents – all the time, working towards a definite purpose.
Focus & clarity
Sometimes the day to day activities of running a business can distract us. Mastermind will keep you on track – just when you are losing focus, the group will remind you of your purpose, what you are working to achieve, and the agreed steps to get there.
We don’t know, what we don’t know. And yet it often the not knowing that prevents us from making the RIGHT decisions quickly and confidently. By sharing with others and gaining both a myriad of idea’s and a consensus of which ones are RIGHT for you, your business and steering you towards your ultimate goals.
It is easy to put off a decision – but with a Mastermind Group you have your own due-diligence team to give you the confidence you need when making important decisions both quicker and with more confidence. It results in better decision making which also means greater confidence – greater confidence spreads through your organization and inspires everyone to perform better.
Receive feedback from successful individuals on how to solve business issues. Perhaps you have staff issues or financial challenges – let the Mastermind help you resolve them. Remember in the group we all have the same goal – to help each other significantly and sustainable SCALE their businesses. There is no hidden agenda, or ulterior motive – everyone is on the same side.
Sometimes business is difficult, and the challenges can seem overwhelming. Perhaps you have a difficult employee or a legal problem – chances are your Mastermind colleagues have experienced the same issue. You will never be short of alternative suggestions on how to overcome issues. Additionally, you will develop deep and meaningful friendships over and above all the business help.
At the end of each meeting you will have an action plan, objectives you need to meet before the next meeting – which the Group will hold you to account for. It takes real discipline to succeed in every business. Being held to account by your mastermind colleagues ensures you maintain the disciplined behaviour necessary to succeed in your business.
Here we now move solidly into the realm of human behavioural studies. There are three levels of commitment that have been identified:
- Mental – just thinking about it and promising something to yourself
- Made in writing –the simple act of writing something down and committing it to paper greatly increases the likelihood of you following through
- made by telling others – by far the greatest level of commitment is made when people tell others of their plans and goals.
Many businesses leave money (profits) on the table – the purpose of the group is to help you take full advantage of all the opportunities that surround you and build your business into the huge success it deserves to be.
It was Zig Ziglar who said:
“You can have everything in life you want, if you will just help enough other people get what they want.”
You will get great satisfaction from helping other business owners in their businesses and from this will enjoy the benefits they bring by helping you in yours. As explainer in the book by Ivan Misner and Jeff Morris telling the story of Business Network International – Givers Gain.
I’ve witnessed this countless times within our Explorer Mastermind groups, where one has either a concern, problem or uncertainty AND when they are presented with an opportunity and immediately used access to the Mastermind group to share, gain wise council and benefit from the collective minds, knowledge, experience of the group. In ALL occasions BAR NONE, the result has ALWAYS been more considered, more proficient, and better presented, with greater confidence and greater outcome than could possibly have been achieved prior to the intervention of the group. It truly is “where the magic happens” (as I so frequently say these days!)
Deep and lasting connections
The life of an entrepreneur can be lonely – Sharing your dreams, aspirations and challenges with a group of like minded individuals makes it a lot less lonely! You will naturally raise your game as you spend more time in the company of these like minded entrepreneurs – plus of course the average of the five people you spend the most time with (Jim Rohn) will change – for the BETTER!
New business partners and cross promotion
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. The group works together collaboratively, to achieve more together.
New Business Ideas
I have purposely not placed the reasons to join a Mastermind Group in any particular order – but on a personal level I would have to credit the generation of New Business Ideas as one of the biggest benefits of joining a Mastermind Group. These are ideas over and above anything I may have come across when brainstorming – these are completely new ideas, not even related to my existing business. Just being in the same room as all this superior business brain power has led to some of my best new business ideas.
“If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.” – George Bernard Shaw
And, if your still not convinced, don’t just take my word for it, I’ll leave the final example to one of the world’s leading digital authorities on entrepreneurship FORBES and THEIR 7 reasons to join a Mastermind!
If you’d like to know more about OUR #ADDAZERO Explorer Mastermind program, simply CLICK HERE to book a complimentary call. If we both think you’d be a great fit, I’ll end the call by inviting you to one of our DISCOVERY DAY sessions where you can sample the sheer power this brings to you and your business FIRST HAND before you determine if this really is the right solution for you and your business to SCALE this year!
With NOTHING to lose, and EVERYTHING to gain, simply click HERE to book a call (Your one click away from learning more about how to #ADDAZERO to your personal disposable income!)
Other blogs you may enjoy: