A Mastermind sounds like some top secret organization that only smart people can belong to.
Only it’s not, in fact! I recently attended a mastermind event, and I want to share with you the power of being a part of a group like this.
I’m letting you in on some of my biggest takeaways. Even if you don’t immediately jump in to join a mastermind, I want to share so you can take advantage of the mastermind principle.
Did you know Benjamin Franklin met with a group similar to a modern-day mastermind?
The idea behind Masterminds has probably been around since men and women started gathering together. In other words, it’s not a new concept, and there’s a reason it’s been a successful idea for so long.
Napoleon Hill more recently popularized the term, Mastermind, in his book, Think and Grow Rich. He said, “No two minds ever come together without thereby creating a third invisible, intangible force, which may be likened to a third mind,” This is what we refer to as a mastermind.
That idea launched an entire industry. Thousands of groups meet all over the world. Some are free, some cost up to millions of dollars. Some are so super secret, they require an invitation. Some are so famous you may have heard of them, like the Mavericks mastermind group.
Are these groups really worth the money and the hype?
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Why Join a Mastermind?
A mastermind group could function as a group that works in a business together, or another group of peers with similar interests or careers.
If you join one, you want to find people who will actually bring a positive effect to your life. I often talk about surrounding yourself with successful people. Mastermind groups provide an excellent opportunity to join with people you can learn from—and who can learn from you!
What are the benefits you can gain from joining a mastermind group? Let me tell you some of the best ones.
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3 Major Benefits to Joining A Mastermind Group
These three benefits provide you with an opportunity for extreme success… if you allow them to:
- You Get to Spend Quality Time with People Smarter than You
I’ve heard a number of people say this, and I often repeat it: If you find yourself in a room of people in your industry, and you are the smartest person in the room, then you are in the wrong room… Unless, of course, you get paid for being the smartest one in that room so you can teach others how you like to do things.
You should seek out rooms of people smarter than you, accomplishing bigger feats than you. Hang around with the people who are doing what you want to be doing.
High-level executives often participate in mastermind groups because they have reached the highest levels of their companies. They know that the system works, and they use it as a tool to become successful.
You get the opportunity to interact with people like this and learn from them. They know what it takes to succeed, and they will hold you accountable.
- Make Connections
A few years ago, I was invited to join a mastermind group. At the time, my business ran a little under $500,000 a year in revenue. After I got involved with the mastermind group, I learned, made connections, and within one year, my business’s revenue had doubled! Without the mastermind group, this would have been impossible.
Members in my group kept introducing me to other connections they had because of the work I was doing. This accelerated the possibilities of my business model.
One of the biggest takeaways from joining a mastermind is the accountability it provides. You will be more likely to accomplish whatever goals you have if you have a team of people cheering you on and asking you questions about the successes you want to have.
They’ll help you evaluate your decisions—before you make them.
Many masterminds focus not only on business aspects, but on personal aspects, because the interconnectedness of relationships directly correlate to the success of professional life.
Take a look at your budget and see what fits. Remember that if you financially invest, you will be more likely to commit—and thus gain all the benefits of your commitment.
The bottom line point I want to make: Join a mastermind group! Whatever your situation, you can find something that works for your lifestyle.
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