Mastermind’s That Catapult: 5 Insights Why You Thrive in a Group

By Melanie Benson Strick | August 18th, 2008

I’ve been in mastermind groups for over 15 years. My first mastermind experience was with a group of friends back in San Diego, California where we focused on things like manifesting our marriage partners, finding our career paths and attaining our dream homes. That mastermind group of women continues to be four of my closest friends in the whole world. There is a special kind of bond that happens when you regularly connect people who are pursuing similar goals and life ambitions.

A few years ago I realized that as an entrepreneur, I needed something more than the traditional mastermind. So I began a new kind of mastermind group that was focused on the challenges that all small business owners face: thinking bigger, discovering what works (and what doesn’t) from your peers, leveraging each other’s skills and education, sharing proven resources, etc. I quickly realized that I craved that kind of connection time as a way to leap forward in my thinking and results.

Today, in addition to being in my own private mastermind for my business, I now also run mastermind groups for my clients. As I watch the members of these programs thrive, leap and finally get out of their own way there is truly something unique that can only happen when you allow others into your life and business through this process.

A while back, one of my mastermind groups was sharing with me some of the insights of why this process has helped them catapult forward. Here are five of their insights of why a Mastermind helps you thrive:

  1. Brainstorming is more powerful where two or more minds are gathered. Often our thoughts are limited to our current and past experiences. When you tap into the power of a mastermind, opportunities are unlimited. Napoleon Hill in Think and Grow Rich talked about the power of the third mind. This is a type of synergistic potentiality that can only happen when multiple people build on each other’s ideas.
  2. You can’t hide with in person accountability. When we follow our same old routines, it is easy to slip into the habits that have kept us in our current challenges. We are our own worst enemies when it comes to accountability and staying on track. We don’t have bosses, just goals. We will let ourselves off the hook when necessary or slide into playing small again. When you have a mastermind call or live retreat to prepare for and you know that people are going to be listening to your updates, it’s like a kick in the pants to remember to stay on track.
  3. Other people’s ideas can stimulate a healthy challenge. It only takes one new idea to put you on track for million dollar results. There is a difference between playing it safe and stepping into our bigger game. Left to our own devices…most of us unconsciously play small. When you listen to how others think and strategize, it can help you grow and expand your “box” as well as challenge you to play a bigger game.
  4. The realization that your obstacles are shared by many. It can be comforting to know you aren’t the only one who has struggles and challenges. Transformation starts the minute you become aware of the problem. But if we aren’t aware that something is a problem, then it’s impossible to fix it. Many times a fellow group member’s breakthrough can be exactly what you needed to hear to help you realize where you’ve been getting in your own way.
  5. Overcome isolation to thrive with connection. Dan Kennedy says, “Being an entrepreneur is the loneliest job on the planet.” Most of us work alone from home, surrounded by people who need something from us or just don’t understand our passion for our work. A mastermind can be a powerful way to stay connected to people who get us, overcome the feeling of isolation and be a springboard for taking your business into new dimensions of success.

Whether you are looking for a facilitated mastermind group like our Platinum program or the Fast Track to a 6 & 7 Figure Lifestyle Business, or you want to create a mastermind of your own, it’s time to tap into the power and take your success to another level. I’ll be sharing some more tips soon on how to know what kind of mastermind is right for you!

About the Coach:

Melanie Benson Strick, The Million Dollar Lifestyle Business Coach, teaches entrepreneurs how to stop feeling overwhelmed so they can create more money, more freedom and more prestige.

Get the Entrepreneur’s Secret Weapon to revolutionize your results and get on the fast-track to a freedom based business at www.thepowerofthevirtualteam.com

 
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