You know the saying that “2 heads are better than one” – well what about if you had access to 10 or more heads? Running your own business can be a lonely and frustrating experience and, whilst the buck ultimately stops with you, you don’t always have the solutions to the day to day problems that running a business throws at you.
A MasterMind group provides you with access to a peer network and an experienced business advisor and facilitator that helps you grow your business and get valuable advice to help you deal with the issues that land on your desk.
Some of the benefits of being in a MasterMind group are as follows:
Influx of new ideas and fresh perspectives.
Perhaps the most valuable asset a business owner can have to his existing business is a constant influx of new ideas and fresh perspectives from a group of peers he trusts and respects.
Staying positive and motivated.
The greatest challenge a business owner may face is staying positive and motivated even when the entrepreneurial seizure has ended. To give up a profitable business due to lack of motivation is perhaps the saddest thing you can do.
The discussions and stimulation that occur can challenge and inspire you with high levels of energy, excitement and passion to keep you in the business.
Accountability and Responsibility.
Staying positive and motivated and to be charged with high levels of energy is important but not sufficient to bring your business to the next level.
MasterMind groups can act as sounding boards for your business decisions and hold you accountable and responsible till completion of your plans.
Shorten learning curve by a huge margin.
In an era where time is money, we have to learn double the things in half the time. By connecting with peers in a MasterMind group who have similar experience, you tap, learn and benefit from others’ input.
This greatly shortens your learning curve by a huge margin and this process can be repeated with you sharing related ideas and experience to others in the future.
Relief from isolation.
Being a business owner can be a lonely and isolating place to be. Coming ‘out of the woodwork’ on a monthly basis, mixing with peers who have a shared experience will enhance your motivation, confidence and ultimately your continued business success. You will be involved in a mutually supportive environment.
Action based plans for your business.
Each month you will have the ability to discuss issues that are facing your business; the sharing of which will enable the group to explore potential solutions from a different perspective and provide specific actions than you can take to overcome such hurdles and move your business forward.
Develop better business relationships.
Working in such an environment over an extended period of time, sharing aspects of your business, will deepen the relationship between group members and potentially increase opportunities to work more closely with other business owners for mutual gain.
Tried and tested model.
There is nothing new with MasterMind groups, they have proven to be successful for business owners across the world who partake in this type of group.