Your most important investment. Joining a Mastermind Group.

Think and Grow Rich author, Napoleon Hill, said: "No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind [the master mind]." He described Mastermind as a group of people who come together to solve problems. Hill's findings were based on studying successful American companies, which had some sort of Mastermind groups. The beauty of a Mastermind group is that it is designed to help participants raise the bar by challenging each other to create and implement goals, brainstorm ideas and support each other with complete openness, respect and compassion. There are several reasons why a Mastermind group might be right for you. – Sharidyn Rogers

Mastermind groups aim improvement in the following areas:

• Brainstorm and gather new ideas
• Education
• Peer accountability
• Group support
• Improving personal skills
• Improving business skills

There are several approaches to Mastermind groups, which can have different goals and outcomes. But no matter the topic and actual theme of a Mastermind group, they have one common goal: the group members empower each other to set and crush powerful goals.

Key principles of Mastermind groups

Mastermind groups do not require a lot, but some core principles should be met.

Dedication: A person who joins a Mastermind group is pretty determined and wishes to reach their highest level of success. Most high achievers and ambitious people would join such a group as they are aware of their time and energy. Those people dedicate themselves to their groups. Each new project, therefore, means they spend time and effort. You are expected to engage and contribute ideas, thus, a level of commitment is key to a Mastermind group.

Confidentiality: To get the most out of a Mastermind group, members must feel comfortable in their group. Members have to trust one another enough to share goals, thoughts and ideas with courage. It is vital members understand that a Mastermind group is organised to encourage and support each other's personal and professional groups. This cannot be achieved if members are critical of others and constantly give negative feedback.

Willingness to both give and receive advice: A Mastermind group is not a class. Each member can lend strength to the other member of the group and work on their weaknesses. There is simply no space for ego in a Mastermind group. You must be realistic and honest about where you are and where you plan on going. By not engaging with the group, you will only unsettle your peers and lose their trust.

Meetings

Based on Napoleon Hill, the core idea of Mastermind groups has been face-to-face meetings to dive into fruitful discussions. However, owing to busy schedules and remote work, this is neither easy nor necessary to apply. The BizNews Mastermind groups will therefore use a hybrid model and will be held weekly at the BizNews head office in Bryanston, Johannesburg, as well as online.

One key factor to successful groups is to have clear rules. These rules and guidelines include accountability, connection and honesty. Without them, the group will flounder and ultimately fail. If rules are set at the beginning, leading the group will be much easier and the benefits bigger.

Reasons to join a Mastermind group

• Joining a Mastermind group involves being part of an exclusive community. You will come across ideas and solutions you would not have found by yourself. Each member leans on the other, so the quality of experience and knowledge is crucial to all involved.
• Once you join a Mastermind group, the feeling of being alone is gone. When it comes to business, the other members turn into business advisers of sorts and vice versa. You will be able to learn from others' skills and experiences and expand your knowledge.
• Collaboration. You may come across someone in the group that is a perfect fit to work on a project with you. Therefore, you must be committed to your goals as you openly share them with your peers. The group collaborates to accomplish more together.
• When you join a Mastermind group, it expands your network exponentially and rapidly. You will have a small network of people who are always willing to help you. Masterminds instantly add to your network and gain the networks of your group members.
• Everyone in a Mastermind group brings a unique set of skills, experience and connections. By engaging and sharing your challenges, you can almost be certain someone in the group will have a solution for you and you may also be able to offer advice, connection or help to another group member.
• Masterminds are about thinking bigger. When you are in a Mastermind group, you cannot help but think bigger than your boundaries when surrounded by brilliant thinkers doing amazing things. Through daily engagement, your overall attitude can be influenced positively.

Mastermind groups can do wonders for your business as well as for you, personally. If you are ready to achieve your goals and learn more about the Mastermind groups, download your application today.

For more information, click here. 

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