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Why You Need a Mastermind Group


Mar. 11, 2019

“…a group of brains coordinated (or connected) in a spirit of harmony will provide more thought-energy than a single brain, just as a group of electric batteries will provide more energy than a single battery.”  ~Napoleon Hill, Think and Grow Rich

A mastermind group can be one of your most powerful assets to grow your business. The gist: regularly meeting with like-minded individuals with an objective of helping each member advance in their own goals and careers. Ideas are spawned, feedback is shared, and the support offered is unmatched.

You see, when you have an entire team rallying for your success, something magical happens that can’t be emulated on your own. Hill recognized this power, so much so that an entire chapter is dedicated in Think and Grow Rich on why a mastermind is a vital ingredient in personal and business development.

In my opinion, whether you’re an entrepreneur or career-driven individual ready to conquer your next level, you need a mastermind group. The value gained is incredible. In fact, here are 13 reasons why you should join a mastermind group in 2019.

Top Reasons to Join a Mastermind Group

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1. A Mastermind Holds You Accountable

One of the biggest advantages of a mastermind group is accountability. Every meeting ends with each member sharing their goals and action plan until the next meeting. By stating them aloud, your group is holding you accountable. As a result, you’re more likely to remain consistent and disciplined in getting the job done.

2. Connects you with Industry Leaders

Your mastermind group connects you to movers and shakers in various industries. You’ll build relationships with powerhouses that can lead to collaborations or joint venture opportunities. Additionally, you never know who they know in their network. They can direct you to someone who’s willing to help you with your goals or problem.

3. Glean Creative Ideas

When you present your ideas to the group, everyone will bounce their different ideas, creating a productive brainstorming session. Multiple heads are always better than one! Your next best thing – whether product, service or content piece – can come from these very sessions. Also, if you get stuck or experience a creative block, the mastermind group can help get you back on track.

4. Obtain Valuable Feedback

Another huge benefit of the mastermind is receiving feedback from members. Feedback is super valuable for helping you solve a problem or discover whether your new service is ready for the marketplace. You’ll hear from successful people who have a sincere desire to see you win, making their feedback that much more trustworthy.

5. Keeps You Focused

A mastermind group will ensure you stay on course. You see, you don’t want to show up to the next meeting short on taking action towards your goal! You’ll stay focused, knowing you’re going to have to report what you’ve done since the last meeting. By the end of the year, you’ll be amazed at the growth and progression of your goals because of your mastermind.

6. Get Unwavering Support

Entrepreneurship can be a lonely journey. Also, business has up-and-down challenging seasons, causing some stress. The good news is, your mastermind group understands these obstacles and is there to offer their support. Whether through inspiring words or expert advice, the group will help see you through it.

7. Encouragement to Go Harder

Mastermind groups are designed to push you to be great and live your best life! They’ll challenge you in ways you never thought possible, fostering growth and confidence. Whatever you think you can’t do, you’ll be encouraged to go the distance, with the group cheering you along.

8. An Invaluable Resource

Stay abreast to the latest trends in technology, marketing, and business through members in your mastermind. Coming from various backgrounds and industries, your group can inform you of the different tools, resources, events, and workshops that may be useful toward achieving your goals.

9. Learn from Each Other

Your members also bring their own expertise to the group. As a result, you have access to a wide range of skillsets to progress your own. Use this to your advantage! If you’re struggling in making wise financial decisions and there’s a financial planner in your group, leverage their knowledge to get unstuck. Your mastermind is willing to offer advice to help move you forward.

10. You Become Like Those You Hang Around

There’s a popular saying that goes: you become like the five people you hang around most. As you connect with successful, goal-oriented people, you have no choice but to pick up these superstar habits. You’ll find yourself emulating these success traits in your own life, making a positive impact on your overall day.

11. Great Camaraderie

It doesn’t always have to be about business! For those you connect with really well, you can invite your fellow members to hang out at the local bar or a fun hotspot. Bowling, the movies, or an escape room is a perfect stress reliever to get your mind off business…for you and them!

12. Increase Your Profits

Your network determines your net worth. In fact, Huffington Post shares,

“seeking out and working in collaboration with others who share your interests and values will provide a stronger foundation, enabling you to reach a higher level of success than you would on your own.” ~Porter Gale

Not only does the intentional action towards achieving your goals for each meeting has an impact on increasing your profits, but so does your connection with your mastermind group. There may be members who need your products or services. Or, they may know others who do, helping to boost your revenue through referrals.

Either way, a mastermind group is a solid way to expand your network which will positively affect your company’s growth.

13. YOU Help Others Grow

Don’t forget the value, skillsets, expertise, and passion YOU bring to the group. There are people who would love to learn from you and have you in their circle. Your mastermind group offers you a platform to share what you do, help others grow, and be an asset to a moving force!

Join a Mastermind Group in 2019

A mastermind group is an invaluable component of your business and personal development. There’s something special that happens when you connect with other like-minded individuals who are just as eager about your success.

Switch it up in 2019 by joining a mastermind group. You’ll be amazed at how this one decision can have a major impact on your growth.

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