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Sep 12 2017

#51: What is a Mastermind and Why Should You Join One

What is a Mastermind and Why Should You Join One


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As an entrepreneur, you’ve probably heard the term “mastermind” before. Thousands of business owners swear by joining them, attributing most of their business’ success to the value of these groups.

Taking the opportunity to share ideas and insights with fellow business owners is always an opportunity that should be grasped with both hands. One of my favourite quotes, from Jim Rohn, is, “you are the average of the five people you spend the most time with.”

Joining a mastermind can also break up the solitude of working alone, if that is a concern for you. Being a business owner does not always provide opportunities to interact with colleagues unless you have a team.

But, what is a mastermind, really? Pat Flynn, CEO of Smart Passive Income, describes these groups as “your business family” and I like that description. But how can joining one help you start – or grow – your business and achieve your goals?

In this episode, I explain what a mastermind is, why you should join one, the best size of group, and how it can positively impact the growth of your business. I’ll also explain the benefits and process of launching your own mastermind group for your business, and discuss how my own programs have adapted, grown, and evolved over time.

Joining a mastermind group is key in accelerating your business. - Sigrun

 

In This Episode of The Sigrun Show:

  • What is a mastermind?
  • How they help you grow your business and work on your personal development goals
  • Why they are critical for home-based business owners
  • How launching one can help you scale your business
  • Types of masterminds
  • The benefits of incorporating a Facebook group with your mastermind program
  • Identifying the right format for your program
  • How I developed my VIP Mastermind group

Key Takeaway:

  • Mastermind groups can be of any size, but you need to find out what works best for you.
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