Why a mastermind is good for you and your business

Running Mastermind sessions is a passion of mine.  I love watching a group of people who may not previously know each other form a strong group: challenging each other to get things done, bouncing business ideas around, supporting each other when work feels tough, and celebrating in each others success.

But still a lot of the people I meet in business do not know what a Mastermind is, or how it can help them and their business.

So what is a mastermind?

A Mastermind is a group of people who meet monthly (some meet more regularly or less frequently, but my groups meet monthly) to discuss areas of their business they want to work on.  The aim of the sessions is that everyone gets an opportunity to discuss an area they wish to develop and they are then supported by the rest of the group to create a clear plan on how to deliver.  This is usually achieved through good questioning by the rest of the group and also by the group offering their knowledge and expertise (it’s good to have a group with different skill-sets for this reason).  But of course, having a plan is not enough – the group is also there to hold each other accountable; ensuring that if someone has made a commitment to do something, they do it.

Why is a Mastermind good for you and your business?

1. You will be part of an exclusive community

As part of a mastermind you will become part of an exclusive group. You will meet monthly and you will form strong bonds with the group you are in.  Not only that, mastermind groups are usually formed for their complementing skills.  This means that the group as a whole will be able to problem solve easily, ideas will flow and you will develop amazing action plans that really deliver.

2.  You will have peer support

It can be pretty lonely being a business owner – particularly if you are part of a small business, or work from home.  Having people who in your mastermind who you know are in a similar position and who you can bounce ideas off is great for giving you further sense of purpose and making you feel that you are not alone.

3. You will achieve results – FAST

A huge benefit from having a group of people listening to your work issues, is that you have a range of experience to draw on.  This means that when it comes to finding solutions you will come up with them quickly.  Also you will develop great plans for delivery and have a whole group of people asking about how the work is going.  Therefore, you have accountability – there is no hiding from getting the work done.  Consequently, unless you want to be the one to admit to the rest of the group that you haven’t done what you said you would; you will get your plan delivered – and of course, that means you will get results and much faster than when working on it alone.

4. You will gain confidence

There is nothing like feeling part of a successful community and delivering in your job.  When you feel successful, guess what? Your confidence soars! Who wouldn’t want this?

5. You will grow your network

The mastermind may be small (usually less than 8 people) but you will get to know those people really well and they will become your best supporters.  Therefore, you will be introduced to / recommended to, each of the members networks over time.  Consequently, by being part of the mastermind you will grow your network not just by the number in your group, but you will typically also gain the network of those in your group.  And the best bit is, that a a group you will genuinely want to support and help each other – and that means promoting each others business, which of course, leads to more business.

6. You will meet new people to collaborate with

As a close group who want to support you (and with complementary skills), it is highly likely that members in your group might find ways of collaborating.  You might find someone in the group who is a perfect fit for a project you are working on or you might have the skill that they need.  This will allow you to achieve far more.

 

If you would like to find out more about Mastermind groups or are interested in joining a mastermind in the Somerset / Devon / Dorset area, then contact:               Yvonne@astara-coaching.co.uk for more details.

 

 

 

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