3 Reasons Why You Should Join or Start a Mastermind

Group Discussion
Photo courtesy of smannion on flickr

Have you ever found yourself stuck in your career or your business and stumped about what to do to take things to the next level? Understanding and applying the Mastermind Principle might be just the solution for you.

I’m sure you have heard the phrase “two heads are better than one”. If you haven’t, the concept is pretty straightforward. When trying to solve a problem or brainstorm ideas, the more people you have thinking about a solution to that problem the better.

The reason this is true is because each person brings a unique perspective and set of skills, talents, and abilities that will allow them to add value that otherwise would have been non-existent.

So, what is the mastermind principle?

I was waiting for you to ask that question =]. I was introduced to this concept when reading a book by Napoleon Hill titled “Think and Grow Rich”. Take a look at the video below as Mr. Hill himself explains the basics.

Now that you have a better idea of Napoleon Hill’s Mastermind Principle, let’s start digging on how you can leverage this principle to supercharge your career or business.

My Mastermind Group Experience

I have been apart of a two-person mastermind group for almost a year now. It has been instrumental in helping me get clarity in my career and business.

I have found it extremely valuable to have someone I can share the intricacies of my vision and how I plan on making that vision a reality. Those types of conversations are not appropriate for everyone.

Having an outlet to vet my business strategy has been extremely valuable.

There have been times where I have been completely scatter-brained, and my group member was able to reel me back in and help me refocus.

What is a Mastermind Group?

A mastermind group is when two or more people meet regularly providing accountability and collectively focusing on how they can better themselves personally, professionally, and financially – just to name a few.

The idea is that each person is actively involved in the advancement of the other members of the group. The same level of importance each member places on themselves to achieve success is shared with the other members.

Meaning, each member has a genuine desire to help the other members of the group succeed. This focused synergy on the common goal of success produces at domino effect that literally has the ability to change your life.

Here are three of the benefits of being apart of a mastermind group:

  1. Provides you an opportunity to leverage the experience and expertise of other smart people. We can only draw from our own experiences when we are at it on our own. However, the power of a great mastermind group will repeatedly provide you with insights you could not have come up within your own.

  2. Provides accountability that will motivate you to take action. We all need someone to help us stay on task at times. I’m sure you can recall at least one time when a good kickin’ in the paints was just what you needed. Not taking action means, you have to report to the group that you did nothing – and I don’t think anyone would like having to do that.

  3. Provides you with a sense of camaraderie. There are very few opportunities to recreate the feeling of being apart of a group while pursuing a common goal, like in sports – it should be the same in business, but often that’s not the case. The bonds you can form with your group are priceless.

Last Words

Being a part of my first mastermind group has convinced me that they are vital to expediting your success. It has also been a pleasant surprise to experience the “team-like atmosphere” that I recall from my childhood.

I played sports growing up and never really gave much thought to the fact that I enjoyed the team aspect of sports so much. If you have never participated in sports, have no fear. If you are strategic about the people that are included in your group, this sense of camaraderie is inevitable.

Has the thought of participating in a mastermind group peaked your interest? If so, I would love to hear about your plans to join or start a mastermind group in the comments below.