Archive for October 9th, 2018

What Is a Mastermind Group and How Can It Benefit You

Posted on 09 October 2018 (0)

What is a Mastermind Group

A mastermind group is a team of like-minded people coming together to enrich and inspire each other to achieve more than they would have on their own. This team works in perfect harmony with one another with one purpose, for everyone to succeed in whatever mission they choose.

People that work in a mastermind group can accomplish more in one year than they would have over a lifetime of trial and error on their own. Every successful person, whether in sports, religion, politics, business, or personal affairs, achieved their success with the help of a mastermind alliance whether they knew it or not.

The saying really is true that together everybody achieves more (T.E.A.M.). Members of a mastermind group meet and share their passions, concerns, ideas, successes and failures so that everyone can benefit and learn from those experiences. The internet has provided so many beneficial ways for groups to meet to where a person doesn’t have to leave their home in the process. The key to a successful mastermind is communication. Just like you would find in the Ben Simkin Review. Where the group works on Facebook and and a Facebook mastermind.

Where to Learn More on Mastermind Groups

History is filled with stories of how important mastermind groups are. One of the first documented mastermind alliances was with the Nazarene and his twelve disciples back in the Bible days. That one group has impacted the world for over 2,000 years and will continue to benefit so many lives past our time here on Earth.

Two of my favorite readings come from two of the best books on wealth building, Think & Grow Rich and The Richest Man in Babylon. Think & Grow Rich by Napoleon Hill is one of the best selling books of all times on business. In Chapter 10, Mr. Hill goes into great detail of the power of a mastermind. If you haven’t for any reason read Think & Grow Rich I strongly encourage you to read or re-read it again.

The Richest Man in Babylon by George S. Clason is a fun read. It’s short but the principles are sound as well. The storyline is set in ancient Babylon, that great city that once was filled with some of the smartest minds that walked this planet. Mr. Clason goes to tell about a secret meeting room during that time where people would go and learn from the experiences of others and how the richest man in Babylon would tell them how to go about creating wealth for themselves and their families.

Benefits of a Mastermind Group

Below are just a few examples of the many benefits that come from being a member of a mastermind group. It is true as the saying goes “Two heads are better than one.”

1) One of the benefits that comes from being a member of a mastermind group is support. Sometimes all a person needs for that extra edge to get the ball rolling is support from someone that wants to see them succeed.

2) A second benefit is how much the learning curve is reduced. I have yet to find a person that “knows it all.” Why stumble and make unnecessary errors when it’s not required? Members can and often times share their knowledge, skills, and abilities to the team to avoid useless pitfalls.

3) Group members can hold each other accountable so no one becomes lazy or unmotivated to finish what they started.

4) Each person in a mastermind group brings with them invaluable resources that can be used at will by all members. Each person possesses different skill sets that make them unique and often times a person that’s stuck can use those resources to get back on track to accomplishing their goals.

Mastermind Groups

So what is a mastermind group? It is the fastest way for a person to reach their goals with minimum errors. For many it is the only way to reach their true potential in life. Keep in mind that each mastermind group is different with their own beneficial qualities. The only drawback to a mastermind group is finding one that shares your vision and dreams.

Of course a person can create their own or they can find, with the help of social media, people that have similar visions and join together from there. The power of this unification is simply unmatched. Good luck with your search, and I encourage you to find one that will help you on your path to success. If you have ever been a part of a mastermind group, please share your experience and whether or not you feel they are valuable.