Short introduction on what a mastermind group is
Napoleon Hill created the concept of mastermind groups over 75 years ago.
“A mastermind group is designed to help you navigate through challenges using the collective intelligence of others.”
You can also say that “A mastermind group is a handful of people who work together to achieve a particular goal.”
Why to join a mastermind group
Pat Flynn said that he wouldn’t be where he is today without his mastermind group.
Natalie Sisson listed masterminds as 1 of 3 successful ingredients you NEED to succeed as an entrepreneur.
But why should you join a mastermind group? What can you get out of it and how can a mastermind group benefit the members of it?
7 Reasons on why you should join a mastermind group
#1 Get feedback from professionals with experience
You are probably tired of being alone in this journey, and getting feedback from your mom or your friend who’s working as a bus driver isn’t quite enough for you.
Trust me when I say, you’ll build great bonds with the members in your group. It’s like you’ve been working together through the good and the bad times.
Now you don’t need your mom to give you feedback on your ideas or your website design. You are in a group of professionals with experience and knowledge that you don’t have.
Ask the questions you really want to ask, pitch your idea before you pitch it to your audience, or ask for advice when planning a live event.
#2 Learn from someone doing what you want to do
Chances are that someone in your mastermind group is doing something that you want to do. You want to achieve something they have and this is your chance to squeeze the take aways from them.
They might have a podcast and you want to start one, they might have a bigger and more engage email list and you want to improve yours, they have more freedom than you, or they might earn $4000 more than you per month and you want to know what’s working for them.
#3 Learn from others mistakes and don’t lose time doing them
We want to learn from what’s working for them and from their experience. However as I said before, every journey has a good and a bad time and it’s important to focus on both sides.
Learn from your fellow members mistakes, what didn’t work and why, what they experienced, what they would do different.
It doesn’t mean that if it didn’t work for them that it won’t work for you either but it gives you another perspective of it, the traps, and how you should proceed.
This is a great opportunity for all parts. You can do small collaborations as a podcast interview, guest post swap or even go as far as starting a business together with someone from your mastermind group.
The opportunities here are huge. Take advantage of them!
#5 Share successes
Big or small success, share it. If you finally published that video, share your success. If you made your very first $1, share it. If you had your best month ever and made $5000 more than usual, share it!
This is why you are in a mastermind group. You don’t only learn from each other but you also celebrate every victory together.
Everybody seems to be talking about accountability. Yeah, that’s how important this is.
When we put ourselves out there, when we tell the world (or heck even our bus driver friend) we automatically work harder so we don’t look like a failure.
It shouldn’t be like this, I know, but that’s how we are and if that’s what you need to do in order to succeed then I say go for it.
Tell your group about the webinar you will host on Wednesday in two weeks. Go on and tell your email list as well. Now if you dare to cancel it, then my friend you are bad ass. But the point here isn’t to show our bad ass side, the point is to take action.
#7 Remember that the other members need you as much as you need them
What do you bring to the table? Are you only here to take or are you a giver as the rest of us?
I know that you are a giver, otherwise you wouldn’t be here to improve yourself.
You want to grow as an entrepreneur and to grow your business, you want to learn from the other members experience, knowledge, successes, failures, and get feedback.
You want them to keep you accountable.
That’s fine, and the good news is that they expect the same from you.
You probably have something that they want, you experienced something that they can learn from, and you probably have a success story they want to hear.
Remember to be an active giver as the rest of the mastermind members.
I hope that you now know why you should join a mastermind group.
The text above is taken from the first lesson of our Mastermind Academy.
Inside Mastermind Academy, we help you learn everything you need about starting your own mastermind group or joining an existing one. We give you the knowledge and the very basic’s for you to take it to the next level.
Here’s the link for you to join Mastermind Academy. It’s still free to join but we might change that in the future.