Understanding The Principal of Using a Mastermind Strategy.

Understanding the principal of using a mastermind strategy.

A mastermind is a group of people who come together to share ideas, create new opportunities and leverage each other’s brain power.

In Think and Grow Rich, Napoleon Hill talks about how Andrew Carnegie tapped into the minds of 50 men who at any time he could ask them for advice or access their resources.

Just think about it.

What could happen for you if you did not have to solve every problem or challenge alone!

Beyond the amazing benefits of working together for ideas through brainstorming.

Masterminds has become one of the best ways to create strategic partnerships.

Think of it like this.

Each business owners builds their own power base of resources.

Mastermind Strategy.

Such as clients, marketing channels, expertise, vendors, etc.

If you can utilize what each person has built and exponentially multiply your own resource base without recreating the wheel, then you’ve got business leverage!

Now of course most people don’t think about joining a mastermind with a grand plan of each and every person using each other’s resource base.

There are so many benefits to masterminding together…

Lets keep it super simple…

Having more then one mind working together for a solution.

Even to understand the market place.

We all have a different prospective, so we can leverage our differences to get better results.

Besides that, you get to share your ideas, tips, and tricks with a group of people.

Also you get to hear their ideas as well.

What shock me the most when I went to a mastermind

I realized something there.

That leveraging the mastermind strategy was useful.

Mastermind Strategy.

And keeping it simple so your team doesn’t get lost.

What I mean is having a mastermind system that uses a simple process everyone can follow.

Here are some systems for leveraging the mastermind strategy

  • google hangouts
  • webinars
  • periscope
  • team events
  • group meetings

Remember by using a system you can leverage a community where you can mastermind together.

So create a mastermind group…

So, what is a mastermind group exactly?

Mastermind group

Mastermind groups offer a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills.

A mastermind group helps you and your mastermind group members achieve success.

Participants challenge each other to set powerful goals, and more importantly, to accomplish them.

The group requires commitment, confidentiality, willingness to both give and receive advice and ideas, and support each other with total honesty, respect and compassion.

Mastermind group members act as catalysts for growth, devil’s advocates and supportive colleagues. This is the essence and value of mastermind groups.

What a Mastermind Group is NOT

  • It’s not a class. While your group can vote to bring in guest speakers and teachers occasionally, the main focus of a mastermind group is the brainstorming and accountability support among the group members.
  • It’s not group coaching. Mastermind groups are about the MEMBERS sharing with each other, not about the Facilitator coaching individuals in a group setting.
    You get everyone’s feedback, advice and support.
    Yes, if the Facilitator is an expert on the topic, by all means chime in. But keep the conversation balanced between all members.
  • It’s not a networking group. While you may share leads and resources with each other, it is not the main focus of the meetings. However, through your connections with other members, you will find plenty of joint venture opportunities, lead sharing, and professional networking.

What are the Benefits of a Mastermind Group?

Mastermind group

There are many benefits of being a part of a mastermind group including:

  • Support: you have a group of other people to help you succeed.
    .
  • Ideas: other members of your group give you new ideas, different perspectives and critical feedback.
    My favorite ideas are when other members of the group explain what’s currently working best in their businesses; and you can then just apply this to your business with great success.
    .
  • Resources and connections: members of your mastermind group will each have their own connections and can introduce you to people and resources that will help your business grow.
    .
  • Partnerships: oftentimes you will find other business owners in your mastermind group in complementary businesses that you can work with you to collectively grow.
    .
  • Quick learning curve: members of your mastermind group will possess skills and ideas that may have taken them years to develop; and they can often share them with you in a matter of minutes.
    .
  • Accountability: your mastermind group keeps you inspired and accountable, so you achieve your goals.

Who Should Attend a Mastermind Group?

masterminding

People who:

  • have a similar interest (such as a group for self-employed people, first-time authors, CEOs, real estate investors, or a group for people in a certain corporation or industry)
  • have a similar skill and/or success level
  • have the desire and inspiration to make this year extraordinary
  • want a supportive team of Mastermind partners
  • want to reach or exceed their goals
  • are ready to let their desire to be passionate about their life and work overcome their fear of change

Mastermind Groups are Really That Powerful

Imagine what the right mastermind group could do for your business.

If you were able to get expert feedback and new ideas on an ongoing basis?

If you got introductions to amazing people and resources that could help you grow your business?

And simply, if you just got to spend more time with other exceptional, motivated entrepreneurs who were committed to achieving massive success, and who were dedicated to making sure everyone in the group did the same.

Yes, the power is the mastermind is awesome.

So, if the opportunity presents itself for you to start or join a mastermind group, jump on it and create a mastermind strategy.
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About Maria Barina

Maria Barina is a mother and grandmother who worked for the NYC Board of Education as Laboratory Specialist Bio/GS for 26yrs till the age of 56. Her husband, after 37 of marriage, passed away from Lung Cancer. She came to myEmpirePRO to seek guidance on how to get freedom that an online business can provide. Freedom to her is being able to do what she wants, when she wants to and to show others they can do the same to. Since she done that she is able to do this by working anywhere she goes and became a mobile-prenuer

2 thoughts on “Understanding The Principal of Using a Mastermind Strategy.

  1. Pingback: The Basics For Creating Your Mastermind Group | Maria Barina Live

  2. Pingback: How To Find A Mentor For My Home Business | David Barina Live

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