How to Leapfrog your Success with Masterminding!
Here’s How 1 + 1 equals 11!
Do the Math: If you are a business owner and you want to increase your revenue and find innovative ideas for your business, you need a mastermind!
The What and Why of Masterminding
You’ve all heard about it and seen the results successful business owners are achieving, but do you really know what a Mastermind is? In short, a mastermind is two or more people who come together to share their ideas, skills and knowledge to increase business revenue, create innovative solutions for complex business challenges, and form an alliance of minds to be the best they can be!
Why Masterminding is Essential for Business and Personal Growth
Masterminding is not a new idea, or the most recent business growth quick fix! Masterminding was first introduced by Napoleon Hill, author of Think and Grow Rich, who said "No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind." The most successful business owners, either now or in the past, have been involved in a mastermind group. Think Henry Ford, Thomas Edison, and even Disney, all of whom have belonged to a mastermind group and have achieved enormous success!
How a Mastermind can significantly improve your business
It can be lonely at the top, and recent studies have shown that our brains work better when collaborating in groups versus relying solely on ourselves. Working in a group allows for the “third mind,” this greater intelligence, to expand what is possible. Wouldn’t it be great to have a group of people with opposing strengths that compliment one another? One of the key benefits in forming a mastermind group is having a support system in place with people who have a diverse skill set, unique experiences, and a desire to be the best. Also, a mastermind group provides a medium for you to share your unique skills and knowledge to reinforce what you know. Furthermore, you have instant accountability, and we all know that we are 90% more likely to achieve our goals when we have to answer to someone else! Making instant contacts and connections with other business owners is one of the many bonuses of a mastermind group.
How to Form a Mastermind Group:
- Align yourself with people who wish to grow in both business and personal areas and who have similar values
- Compose a Mission Statement that outlines the group’s vision and purpose
- Select a Leader, either permanent or to serve in terms
- Set up weekly, biweekly or monthly meetings
- Prepare an agenda for each meeting -90 minutes/1 day
- Rotate first speaker in meeting to ensure each member’s needs are addressed
Example of Mastermind Topics:
- Pricing and Marketing Strategies and Tactics
- Technology in Sales
- Creating a Sales Process
- Gaining Referrals from Existing Accounts
- Best Business Practices
- Automation techniques
And so much more!
So, what are you waiting for? Get off the porch and come play with the big dogs!