Why Mastermind Groups work
Have you ever watched a movie and gone, “Wow! How the hell did they create this?”
It’s MIND BLOWING, right? The entertainment industry, and specifically animation, is one of the most fascinating fields when you think about it. The amount of time and effort that goes into it is absolutely phenomenal!
The Rescuers is one animation that’s amazing.
It has a really compelling script, which rescued Disney from its animation doldrums, earning $48 million upon release. It was so good that a few years later it became the first Disney animated film to have a sequel.
From the scripting to the visuals and the emotions displayed, its success made it clear that when great minds come together, even greater things happen.
Something that most people don’t know is that The Rescuers was actually a product of a mastermind group with ‘9 old men’ hailed as Disney Legends.
These highly-skilled men brought to Disney a wide variety of talents, ideas, and ambitions which resulted in an animation that is still highly-regarded and loved today.
What comes out clear to me is that Walt Disney strongly believed in the power of working together. In fact, one of his most powerful quotes goes, “Of all the things I’ve done, the most vital is coordinating those who work with me and aiming their efforts at a certain goal.”
Here are 8 reasons why mastermind groups work:
1. They help you to challenge yourself
There’s a famous concept in the ADHD world called body doubling. It has been proven that you are more productive when a person works alongside you, either in person or virtually, as you complete a task you might otherwise neglect.
What comes out clearly is that working with other people can serve as motivation for you to do the tasks you consider hard or impossible.
That’s how mastermind groups work. With other people watching you and your progress, you are able to challenge yourself to do the mundane tasks, and because of this you start to see progress.
Imagine if Walt Disney had chosen to work alone, and stick to his ideas alone? How long would it take before he ran out of stories to tell? How long before the business started to collapse?
If you look at many success stories, there’s a team behind vouching for consistency and constant improvement. The only way to grow is to work with other people.
For small business owners, we may not always have access to an internal team, and that’s where mastermind groups come in. They give you new ideas to take home and work on.
Through brainstorming, you will be consistently improving your business, and success will be inevitable.
Like Simon Crisp says, it’s like having a board of directors for your business.
3. Mastermind groups increase your confidence
I am yet to come across a business owner who has not had a moment of doubt. Times when you think, “Am I really on the right track?”
In a mastermind group, you’ll have a team of business owners vouching for you and encouraging you. People who look at things from a fresh perspective and give you actual reason to believe in yourself.
It goes without saying that confidence is among the major keys to success. So, little by little, you start to gain confidence. And if you believe in yourself, you can easily convince others to believe in you too!
4. Helps you to think bigger
“Aim for the moon, even if you miss, you’ll hit a star?”
I like this saying, and it makes a lot of sense, particularly in business. A mastermind group doesn’t just help a person achieve their current business goals, it leads them to expand their vision for the future.
If you can foresee what you want for your business in the future, it makes it that much easier to make steps to get there, daily.
In short, as you’re an entrepreneur, your group’s outside perspectives can be a tremendous asset to help you see the bigger picture and work towards it.
5. Collaboration opportunities
Collaboration is an extremely powerful tool. If Jan Khoum and Brian Acton had not come together, Whatsapp would not be what it is today. Same for companies like Proctor and Gamble, Facebook, Microsoft, and Apple.
It’s also the same with mastermind groups. You may find someone in the group that is a perfect fit to work on a project with you. Or, you may be the perfect person to help another member as well.
Secondly, you will most likely find ways to help each other by utilising cross promotion. You’ll find ways to help each other through promoting to your respective networks.
Like the saying goes, “If you want to walk fast, walk alone. If you want to walk far, walk together.”
6. Gives you accountability
There’s a really funny story that’s been repeatedly told about accountability. Four university students decided to spend the whole night partying even though they knew that they had a test the next day.
In the morning, they came up with a plan to lie to their professor and get out of taking the test. They went to their professor and said they weren’t fit to take the test because they got a flat tire the night before and had spent the entire night pushing the car back to campus.
The teacher agreed to have them resit the test 3 days later.
The four students came back after three days, having read and being confident that they’d do well.
The professor put the students in separate rooms and presented them with the question paper.
It had only 2 questions.
What is your name? (1 point)
Which tire was flat? (99 Points)
Everyone needs some sort of ‘professor’ in their lives. Not necessarily someone with authority over you, but someone who can hold you up to your truth.
At the end of each mastermind group session, you will have an action plan, and objectives you need to meet before the next meeting which the Group will hold you to account for.
It takes real discipline to succeed in any endeavour. Being held to account by your mastermind colleagues ensures you maintain the disciplined behaviour necessary to succeed in your business.
7. Helps you to establish focus and clarity
How many times have you spent hours conceptualising an idea, and then put it aside because more important things come up, never to go back to it again?
Yeah, it happens to the best of us.
More often than not, business owners have so many moving parts that it’s easy to drop the ball.
That’s where a mastermind group comes in. The group will keep you on track just when you are losing focus. It will remind you of your purpose and why you are in business.
If anyone tells you that business is easy, they’re lying to you.
Between time management, operations, marketing, and HR management, and all of the other plates you’ve got to spin, it gets overwhelming, and you need a support system.
This support can take you so much farther than you think. A mastermind group serves as a business support group where you can celebrate and lament about entrepreneurship.
Perhaps you have a difficult employee or a legal problem. Chances are that your mastermind colleagues have experienced the same issue.
You will never be short of alternative suggestions on how to overcome issues. Additionally, you will develop deep and meaningful friendships over all the business help.
In conclusion, mastermind groups work because they push you to think in a direction that leads you towards success. It’s much easier to solve a problem when there are people around you who want to see you succeed almost as badly as you do.
The 8 reasons why you should join a mastermind group are:
- They help you to challenge your beliefs
- Increases your confidence
- Helps you to think bigger
- Collaboration opportunities
- Gives you accountability
- Helps you to establish focus and clarity
We run FREE regular mastermind group taster sessions, and you can book your spot here.
Come and experience what it’s like to be part of a mastermind group.
Or hear from one of our members…