The mastermind concept is nothing new. Napoleon Hill wrote about masterminds in 1937 in his acclaimed book, Think and Grow Rich. And the concept is as relevant and effective today as it was 80 years ago.
My first involvement with a mastermind came many years ago when I was on faculty at the University of Illinois. There was a group of five or six colleagues who had read Napoleon Hill’s book and decided to try the mastermind concept. We met every Wednesday with an expressed purpose – to help each person create success and impact in their work.
A more recent example is Ray Edwards’ mastermind group. It was a true privilege to work with the great minds in his group and, once again, my business was propelled forward with more energy and velocity than I could ever have mustered by myself.
(In fact, I can say without reservation you would not even be reading this blog post today had it not been for the time I spent in Ray’s group.)
Collectively, there are 3 benefits I’ve seen in all of my mastermind experiences – connection, communication, and clarity. Let’s unpack each one.
Reason #1: Connection
When you join a mastermind, you become part of a group of like-minded people. You connect and engage with people who are on a similar journey as yours, or who at least have the same desire to succeed by creating impact.
You create strong and supportive relationships with your group members. And, as you know, relationships are essential to building a 6-figure expertise-based business.
Introverts can particularly benefit from the connection experienced in mastermind groups. In an earlier blog post, we learned about how isolation is a big issue for people building an expert business.
And while introverts might be more able to manage in physical isolation, they still need those affirming relationships to prevent themselves from developing tunnel vision or overly inward thinking.
Your mastermind colleagues will help you quiet all those little doubts, silence those inner critics, boost your confidence, and give you a place to be picked up when you’re having “one of those days” when things just not working the way you had hoped.
Reason #2: Communication
The second benefit of a mastermind group is communication. In the Get Your Message Heard podcast and on this blog, we talk often about the need to get your message clear in your own head as an important step in building a successful business.
Working in the isolation inherent to an expert business, it’s too easy to lose traction in our own brain on what your message is, who you’re seeking to serve, and how you’re planning to make impact.
A mastermind group gives you a place to test your messaging. It gives you a safe venue to communicate your message and get feedback on it. Your fellow mastermind members will give you a sense of how well your message resonates and whether they think it will work or not.
Every time you test a message in your group, your brain begins to see the message in better focus. And through the interactive mastermind conversations, you can talk about your business, your situation, your challenges, and your opportunities.
You then return the favor to your fellow group members. You’ll be surprised how much you learn from discussing their businesses and concerns.
Reason #3: Clarity
The third benefit is clarity of your vision, your path, and your next step in building your business.
Nothing is more powerful as you build your expert business than having a clear vision of where you’re heading. Your vision can be thought of in a number of ways. We often think about vision in terms of the impact we have on people.
For some of us, if we can impact only one person, it’s a good thing. Others want to impact massive numbers of people.
A mastermind gives you a place to flesh out and clarify your vision. Input from your colleagues will help you get clear on what really matters. You’re engaging on a regular basis with people who will challenge you and, at the same time, support you.
Once you have clarity around your vision, you can dig in and map the path to achieve it. A mastermind group helps you find your strategic focus, which in turn helps you create a clear tactical plan to reach your goals.
An Invitation For You
If you’re building an expert business, you’re invited to check out the Vision Speaker Mastermind to see if it could help you. Visit MichaelHudson.com/vsmastermind. Take a look and see what the group is all about. If you think it might be a good fit for you, fill out the application and let’s have a conversation.