Grow Your Business With a Mastermind Group

When you have a problem or challenge in your business, where do you turn? Who do you trust to be completely honest with you? Who can relate to the experience of being a business owner and give you practical advice?

Our answer is to turn to a Mastermind Group.

Every time either of us mentions being in a Mastermind Group, people always say, “Wow! That sounds neat. What is it? How does it work?”

Quite simply, a Mastermind Group is collaboration between a small group of people who all have the same intention and want to help each other achieve their goals. In our case, as business owners, we want to streamline and grow our businesses. We want to attract more customers, keep up with latest trends, and make more money.

Let’s clarify what a Mastermind Group is:

– A Mastermind Group is a deliberate, long term commitment between like-minded peers who want to achieve similar results.

– It’s a “sacred time and space” to work ON your business. This means no multitasking – it’s letting go of everything else for a little while to focus completely on your business.

– Members of the Mastermind Group share responsibility equally for the continued success and effectiveness of the group.

– There is a commitment of complete confidentiality. It’s a place to be totally honest about what’s really going on in your business – the good, the bad and the ugly.

– Each member of the group has the opportunity to have their business spotlighted in every session.

– A Mastermind Group is a place where mutual respect and camaraderie flourish.

– Group members hold one another accountable for the commitments they’ve made in their businesses.

– It is a brain trust that generates exponential results.

Here’s how all of this translates into real life.

A business owner with two separate entities was struggling to choose where to focus his energy and efforts. There were too many things to do, too many challenges and too many choices – he was overwhelmed, to say the least. His Mastermind Group helped him examine all of his options and challenged him to make a choice. He did. Because of this experience, and the results he achieved, he’s gained a new confidence as well as more success – and tripled his revenues in less than a year.

Here’s the bottom line about Masterminding: It’s about getting stuff done, growing your business and making more money. This kind of transformation only happens when we take the time to work ON our businesses. The beauty of the Mastermind Group is that you’re challenged and supported at the same time. The group doesn’t let you get away with excuses and also encourages and supports you when the responsibilities of being a business owner become intense. Projects that seem like drudgery can become fun and easier to accomplish with the help and support of your Mastermind Group.

The Mastermind Group can help you save as well as make more money. Mastermind Group members share resources, skills and talents. In another case, a Mastermind member was challenged with writing a sales letter. Professional copywriters usually charges $5000 or more for this service. The group helped her complete the sales letter in two hours and the money she saved was reallocated for other business projects.

A Mastermind Group is your chosen family in the business world. These are people who care about and want the best for you and your business. When you choose the right people and share your vision of what you want, you’ll be amazed at what can — and does — happen.

There are various types of mastermind groups. The two main types are: 1) Expert Led – A coach, facilitator, or other expert sets up and leads the group. 2) Peer Led – A group of people come together and the members lead the group.

Ask yourself the following questions – “Would I rather start a group or join a group?”
In starting you own group, you get to create the schedule and choose the members. The advantage of joining a group is that you everything is already set up and you just join the group and start obtaining benefits.

Whether you choose to start a group or join a group, we encourage you to participate in the Mastermind process. Now, more than ever – collaboration is the key to success!