One of the most frustrating situations, regardless of the kind of work you do, is when you put in the effort and then get nothing in return as a result.
Perhaps, the reason why you’re not successful or why you are stagnating is because you are working alone. The days when a single person could change the world are long gone. Today, it is all about being a part of a team!
Working with other people as a group can help you obtain a new perspective or adopt a new, fresh way of thinking. You can also benefit from their creative input and support, which is why the concept of a mastermind was created in the first place.
Mastermind groups are a brainchild of Napoleon Hill, an American author who introduced the idea back in 1937. The goal of every mastermind group is to gather together intelligent, successful people, each in their own field, for the purpose of supporting each other, exchanging experience and ideas, as well as business contacts. They work together to achieve a common goal.
If you are not sure if it’s the right choice for you, we have done our research and written down 7 surprising effects of masterminding that might help you decide. Keep on reading to find out more.
1. Learning New Things
Since a mastermind usually gathers people with different skills, you will be in a position to acquire some that will help your business take off. Remember, everybody who joins a mastermind group brings something unique to the table, and they are willing to share.
This means that if, for instance, you are stuck with an idea or a problem, and you just can’t find a way around it, you can count on other members of the group to help you come up with a solution whether through encouraging you or coming up with an idea themselves. It works both ways, too. Sometimes you will be the one who’ll be teaching another member of the group, helping them overcome an obstacle.
2. Finding an Ideal Partner
Sometimes you might find yourself in a situation where you can take on a project which can be done by two or more people. If that’s the case, being a part of a mastermind group is an ideal situation. By collaborating with other people on a project, you will gain an insight into how they think and how they tackle problems.
This may lead you to adopt a new way of thinking which you would not have come across by working alone. You might also find someone with skills and character traits which are complementary to yours so that everyone brings something different to the table.
3. Free Advice
Once you’re part of a mastermind group, you have access to other members’ experience and knowledge, which they will gladly share with you. If you are unsure about which business direction to take, or if you have a business dilemma of any kind, keep in mind that you are no longer on your own and that you can rely on the advice of your fellow members.
As we’ve previously pointed out, you will play the role of a business advisor if another member of a mastermind group has an issue that you can help with. Perhaps the best way to define a mastermind is to think of it as a two-way peer mentoring. That’s a bit of a mouthful, but also an accurate description.
4. Expanding Your Network
Anyone who has ever been a part of the business world, for example, knows how crucial networking is. Once you join a mastermind, your network will expand dramatically, because not only will you keep your own network of contacts, but you will gain access to networks of every mastermind member. And it’s not just business, it also works if you are a college student, a freelance writer, a marketing expert or just about anyone else.
The group works best if its members have skillsets which overlap up to a certain extent, because they’ll have the necessary expertise to help each other out, in addition to their own unique skills.
5. Free Cross-Promotion
Once you gain access to each other’s networks, you can start thinking of ways you can extend your reach across all available networks. This means you and your fellow mastermind members will be doing cross-promotion. For instance, a web designer might help a freelance writer by connecting him with other web designers who need a content writer, or a blogger.
In turn, the writer might connect the designer with a marketing expert they know and help him or her promote their work. The possibilities are endless.
6. Tackling Bigger Ideas
Two heads are better than one. Several are even better. When you are on your own, a lot of times you won’t have enough confidence in your abilities to start turning that big idea into reality. Other times, you will be confident, but you won’t be able to pull it off alone because it’s too complex for one person to coordinate.
When you’re in a mastermind group, you have all the support you need, plus the expertise of your fellow mastermind members. You are no longer alone, and the group is your safety net.
7. Exclusive Access
Being a part of a mastermind means you will be a part of a group of carefully selected individuals. You are there because other members want you there, because of your experience, knowledge, contacts, and intellect. Conversely, you will need them for the same reasons. In addition to that, you will gain access to exclusive information and business because members of the group have trust in each other and confidence in each other’s abilities.
Although the concept of a mastermind goes way back, it has begun to gather steam in recent times, thanks in part to modern business trends that emphasize teamwork. The benefits are numerous, ranging from free advice, close collaboration, cross-promotion, networking, and mutual mentoring and support.