A Mastermind Group: Why It’s Essential When Starting A Business

Mastermind GroupA mastermind group is essential if you’re thinking about quitting your day job or starting a side business.

Sure, you could attempt to start your business on your own and make all of your own mistakes, but if you’re serious about being successful, why not gain the wisdom of other people, learn from other’s mistakes, wins and experiences?

Attempting to start and run your business in a vacuum doesn’t make any sense when there’s so much to learn. Trial and error isn’t the best way to go about it when the stakes are high.

And the stakes are high.

High Stakes Business 

For many of you, you’re sinking very precious time, money and energy into this business. You’re working in the “nooks and crannies” after hours at work, dedicating extra money that could be used elsewhere and mustering energy that you don’t have much extra of.

It’s not an over-exaggeration to say that starting a business with so much else going on is a big push, and something that his important to get right.

So why wouldn’t you do everything in your power to make sure you set yourself up for success?

What is a Mastermind Group?

The concept of a mastermind group was popularized by Napoleon Hill in his book Think and Grow Rich.

It is made up of people who come together with a commitment to each other’s success. 

But Napoleon Hill didn’t create masterminds. He simply observed that throughout history great things had happened as the result of them, and therefore he saw them as one of the principles of success.

Masterminds had been occurring for years and years. Benjamin Franklin participated in a mastermind, which resulted in the first U.S. Library, volunteer fire departments, public hospitals and police departments.

C.S. Lewis and J.R.R. Tolkien were members of a mastermind that produced The Chronicles of Narnia and The Lord of the Rings.

Teddy Roosevelt, Henry Ford, Thomas Edison, Warren G. Harding, Harvey Firestone and more all belonged to mastermind groups.

These people all came together to help each other be successful – and they were.

What Do You Get From A Mastermind Group? 

You will get solutions, ideas, and brainstorming about the business situations that you’re dealing with.

You’ll also get to tap into the skills and experience of others in the group – including the group facilitator. That means you grow your skills and experience immediately without having to learn anything new.

You get to bounce ideas and feel more confident that you’re making the right choices as you move forward, or have your ideas challenged and see different angles so you can reconsider before you do something.

Accountability. That’s huge especially when you have so many other demands on your time and energy.

Support and belonging. You’re not alone on this wild ride of entrepreneurship!

Have a better outlook on things as your mastermind group won’t allow you to get discouraged.

Build your network immediately. Your mastermind group partners can connect you with their network, and since they understand your business intimately, they understand who you need to get in touch with.

Find A Mastermind Group

Finding a mastermind group can be tricky. You have to pull together people working on similar goals, who are at a similar level of success as you, and who all have the success mindset and other tools needed to help you succeed.

But a mastermind is just one of the things you need when starting your new business on the side.

There are so many other things to consider to be successful that it can sometimes feel overwhelming and unachievable.

That’s why I’m running a webinar to help you get started. 

Webinar: How To Start A Successful Home Based Business You Love While Working Full Time

In my webinar: How To Start A Successful Home Based Business You Love While Working Full Time we’ll cover:

  • The very first steps you should take to get started with your business
  • Three ideas on how to start even if you don’t have a lot of cash for a new business
  • How to make time for your business even if you have a day job
  • Critical tools you need to get your business moving forward now so it can be successful in the future
  • Why a mastermind group is essential for your business success


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