“No two minds ever come together without thereby creating a third, invisible, intangible force, which may be likened to a third mind [the master mind].” – Napoleon Hill
You’ve often heard you are the average of the five people you spend the most time with.
Who do you spend time with? Are they holding you back or propelling you forward?
Watch this week’s video to learn why being part of a mastermind can profoundly shape your life and business. Discover how you can achieve greater success by leveraging the power of a collective.
What is a Mastermind?
Wikipedia defines a mastermind as a “peer-to-peer mentoring concept used to help members solve their problems with input and advice from the other group members.” The main value of a mastermind group is the synergy of education, experience and influence.
There are 5 key benefits of participating in a mastermind:
1- A supportive community of like-minded people.
The Mastermind is comprised of people with similar beliefs and values who come together for a definite purpose. An effective mastermind has regular attendees and clear goals and objectives.
2- Opens your mind to new perspectives and bigger thinking.
The Mastermind is an environment where there is a free exchange of ideas. This brainstorming or sharing of ideas often promotes and encourages growth as well as new and expanded thinking. In an effective mastermind, group members are encouraged to evaluate one another’s ideas and proposals, providing constructive feedback. The result is often new ideas that perhaps would not have been possible without the input and synergy of the group.
3- Access to more resources.
Each member of the group brings with them a different set of resources, experiences and influence. Collaborations and the leveraging of the groups resources is common and highly beneficial.
4- See challenges more clearly.
Verbalizing and sharing challenges allows member to dissect and unpack issues in a safe and confidential environment. Having access to the experience, resources and expertise of the group allows for new solutions or plan of action.
5- Have a broader network.
Each member of the mastermind has their own network. As trust is built and members gain an in depth understanding of each other’s business, referral and quality introduction are common.