In his must-read book Think and Grow Rich, Napoleon Hill gives this advice to those seeking success: “[inlinetweet prefix=”” tweeter=”@legacywebinc” suffix=””]Deliberately seek the company of people who influence you to act on building the life you desire.[/inlinetweet]”
This is exactly mastermind groups are made for. A mastermind is a group of goal oriented individuals walking a similar path that meet on a regular basis to share their goals and to get feedback.
This sounds simple, but the benefits can be huge! A great Mastermind Group can help you clarify and focus on the things that matter to you the most, save you time, money, and effort, and can help you level up.
Keep reading to find out how.
Masterminds Help You Gain Clarity
Before you can surround yourself with people who can help you succeed, you must first define what success looks like to you by setting good goals.
Ask yourself this question: How effective would you be if you had to hit a target that you could not see?
So By setting clear and specific goals, you now have targets to aim at and measure your progress against. Every good mastermind group understands this and will help you create goals that clarify what success looks like to you.
Your goals then become the standard that other members hold you to. For instance, a typical question we ask one another in my mastermind group is ‘Is this behavior moving you closer towards your goal’.
Mastermind Groups Will Keep You Focused
Staying focused can be a huge challenge for Black entrepreneurs. Creating goals is important, but unless you are able to focus and work towards them, those goals may never be achieved.
That’s where the real power of a mastermind group comes in! Members dont just help other members create goals, they also hold them accountable.
Here is how we do it in the Legacy Builders Mastermind Group:
- Every week, members identify high priority tasks that support their goals.
- He or she then takes the most important task and commits to achieving it in the upcoming week. When we convene the next week, everyone brings last weeks task to the table. If they get their task done, they talk about how. If they fail, the group offers help and feedback.
- Once the task from last week is done, the member moves on to the next most important task and commits to achieving it in the upcoming week.
- Members repeat this process until their goal is achieved.
See how powerful that can be?
By helping members create weekly targets and holding them accountable as the weeks go on, mastermind groups make it easier for members to stay focused and move forward.
Belonging To A Group Will Save You Money
One of the hidden advantages to belonging to a group is the willingness of members to pool their resources. Instead of having to buy an expensive book or piece of software, members who already have those items are usually willing to share them with you.
Members of your group are also more likely to share with you strategies that will save you money as you invest in your business. There have been several times that my group has saved me from throwing money in the wrong direction.
When you are building your empire, every penny counts. Having a group that can help you make better financial decisions and save you money can mean the difference between success and failure.
Masterminds Will Save You Time and Effort
Have you ever experienced a jam-packed day but still didn’t feel like you made progress towards your goals?
Remember how frustrating that felt?
Good group members know the feeling, and know that this is a result of spending too much time on tasks that are not in line with your goals.
Think about it this way: If all you can dream about is building your business but all you do are chores, you will never have time to work on your dream.
By helping you to focus on tasks that matter, your group can help you save time and speed up your progress towards achieving your key goals.
A Mastermind Can Help You Level Up
It is written that you are the average of the 5 people you spend the most time with. It is also written that your net-work is your net-worth. By surrounding yourself with people who are driven, goal oriented, and disciplined, those traits will rub off on you as well.
Interestingly, you will also find yourself working harder to ‘get on their level’ helping you to level up in your own endeavors.
In future posts, I will show you how to find or build a mastermind group. If you are already a Legacy Client, you have free access to our mastermind group. Just get in touch and we will get you plugged in!