The concept of the “Mastermind” was formally introduced by Napoleon Hill in his timeless classic, “Think And Grow Rich,”. Hill’s book recounts how many successful business people rely on a small, tight-knit group of advisors to help them build their businesses.
However, Mastermind Groups have been around since the beginning of time. History is full great achievers who have built mastermind groups. Jesus Christ had a mastermind team of twelve apostles. Benjamin Franklin formed a weekly discussion known as Junto with twelve men who shared his drive for learning and conversation. The result of this group led to a library, a college, the U.S. post office, Philadelphia’s fire department, mutual insurance and Philadelphia’s city water works. C.S Lewis, J.R.R. Tolkien, Charles Williams and others know as the Inklings met on Thursday evenings in the late 1930’s thru early 1940’s at Oxford’s Magdalen College rooms to read aloud from their works, discuss philosophy and exchange ideas. As a result many literally works were published including, C.S. Lewis’s “Out of the Silent Plant”, J.R.R. Tolkien’s “Lord of the Rings” and Charles Williams’ “All Hallows Eve”.
Belonging to a mastermind group does not in itself make magic happen. You do that. What it does is to give a team of people who act like your own private board of directors; you will be held accountable for the actions and strategy that you have defined. The right group is a melting pot of expertise, knowledge and creativity.
You’ll be part of an exclusive community. Joining a mastermind usually involves you being invited by the members. The other members need you just as much as you need them, so quality of experience and knowledge is crucial to all involved.
- Advisement. Once you are involved in a mastermind, that feeling of “being alone” while running your business is gone. The other members of the group turn into business advisors of sorts and vice versa.
- Collaboration is the name of the game. You may find someone in the group that is a perfect fit to work on a project with you. Or, you may be the perfect person to help another member as well. The group works together collaboratively, to achieve more together.
- Extend your network. If you are in business, you know how important your network is. By joining a mastermind, you instantly add to your network and typically gain the networks of those in the group with you.
- New learning. Everyone in the mastermind has unique skills, experience and connections. By interacting and sharing your challenges, it’s almost certain that someone in your mastermind will have a solution for you and you may also be able to offer a solution, connection or tactic to help another in the group.
- Cross-promotion. When you join a mastermind, you will most likely find ways to help each other by utilizing cross promotion and help each other through promoting to your respective networks.
- Think bigger. Being in a mastermind will truly give you a Master Mind! You can’t help but think bigger and stretch beyond your boundaries when surrounded by amazing people doing amazing things.
Masterminds are incredible and can do wonders for your business as well as for you, personally. Growing in a group is not only more effective, it’s quite a bit more fun!