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5 Reasons Every Entrepreneur Needs a Mastermind Group

October 21, 2019

“The key is to keep company only with people who uplift you, whose presence calls forth your best.”

~ Epictetus

 

If you're an entrepreneur, business owner, solo-preneur, side hustler, or any other breed of go-getter who's looking to improve their performance and reach new heights both in their business as well as in your personal life, and you're not part of a mastermind group, then you're leaving a lot of money and insights on the table.  

 

If you're unfamiliar with the concept of a mastermind, it's basically a small group of like-minded individuals holding each other accountable to their big goals while sharing ideas and insights with each other over some extended amount of time. 

 

It's a space to be vulnerable so the trusted co-members can help you turn your weaknesses into strengths. 

 

Some masterminds are virtual, while some are in person.  Some have just a few members, some reach into the thousands. 

 

However a mastermind is structured, a high quality mastermind is going to be invaluable towards your growth for at least 5 main reasons. 

 

 

The 5 Reasons Every Entrepreneur Needs a Mastermind

 

 

1. Receive Unlimited New Business Insights

 

Do you read?

 

If so, consider why

 

If you're like most entrepreneurs, you read to gain new ideas you didn't have access to before.  They existed out there in the world, but until you opened that specific book and read it for yourself, you didn't know the ideas and couldn't possibly implement them.

 

Well being part of a mastermind is like having the best points of all the best books out there given to you all at once.

 

Instead of reading 1 book about marketing, you go into the mastermind meeting and say, "I'm struggling with marketing."

 

And you get 100 new and insightful ideas about marketing specifically around your business that have been tried and testing by other entrepreneurs in various industries and walk away understanding what to implement in yours.

 

 

2. Be Held Accountable

 

Not all masterminds treat accountability the same way.

 

You're going to want to find one that puts it at the core of how they operate so that you can not just have access to a bunch of good ideas, but so that you can be held powerfully accountable to actually implementing those good ideas.

 

How many times have you heard a good idea and then done nothing about it?

 

How many times have you heard a good idea, and thought, "Wow, I should definitely do that." Only to not actually produce anything.

 

Being held powerfully accountable to taking action by a group of respected peers in a mastermind is the number one way to ensure you make consistent forward progress towards your goals.  

 

 

3. Be Part of a Community

 

Entrepreneurship can be lonely.

 

No time for your friends and family. Plus, none of them are as ambitious as you and you don't share the same interests any more.

 

You hate wasting time in meaningless conversations.

 

Being part of a mastermind filled with entrepreneurs is key to finding a community of likeminded individuals who all care about the same things you do; business growth, personal growth, and personal freedom!

 

When people join our mastermind community, they join a tribe for life. Members consistently say they feel like they found a brotherhood or a new family .

 

When you're the leader of a business, you can't necessarily confide in your employees or team about your worries and fears.

 

You certainly don't want to always be taking that home and ranting to your partner or spouse.

 

You need a place to talk about what's really on your mind where people who can understand will listen and offer helpful and supportive feedback.

 

Joining a mastermind community for entrepreneurs is the best way to find your tribe.

 

 

4. Collaborate on New Projects

 

While any good mastermind community will have a strict "No Pitching" policy, it's only natural for likeminded individuals to see opportunity in similar business ideas.

 

For example, one of our mastermind members is commercial real estate investor buying up large venues left and right, and another member was a scaling an events business.

 

While the properties were still on the market, they would hold local events in those spaces and share the earnings.

 

Another great example is that we have someone who recently started a new web development business in our community, and within the first 30 days was approached by 2 other members to build high value websites for their respective companies.

 

The opportunities to collaborate with like minded individuals is endless in a mastermind.

 

 

5. Be Challenged

 

Let's face it, until you join your first mastermind, most people are only talking to their current friends and family about their goals.

 

And specifically because those people love you, or at least like you, they don't want to say anything that might rub you the wrong way and potentially ruin the relationship.

 

Masterminds are all about consistently challenging you to become the best version of yourself and the best CEO you can be.

 

That means calling you out on your bullshit.

 

That means asking the uncomfortable questions.

 

The goal of the Mastermind is to have its members grow and succeed.

 

We do not achieve either of those things by letting you continue to bring your excuses to the table week after week.

 

And these are just a few of the many invaluable benefits from being part of a trusted mastermind. 

 

If you're a part of a mastermind, what's your favorite thing about it?

 

If you're not part of a mastermind and you want to take your business and life to the next level, click HERE to change that today.

 

 

Here's to you Actualizing Your Potential!

 

-- 

With gratitude,

Dennis McGinley

Founder and CEO @ STRIVENT

dennis@striventllc.com

striventcoaching.com

 

"Actualize your Potential!"

 

FREE RESOURCES:

 

     1.  Free Course for Entrepreneurs and Freelancers: Designed to empower entrepreneurs and freelancers with actionable strategies that will help them dominate their niche, increase lead generation, and become a master of sales. 

 

     2. Gaining Clarity: Designed to have you critically think about the life you want to create and identify the gaps between how you want to live and how you actually live.

 

     3. Discovery Call: 30 minute phone call designed to give you the insights, support, and strategy you need to break through and be successful!

 

BOOK:

 

If you're looking to understand the latest science around health and wellbeing and looking for practical ways to integrate those findings into your life, pick up a copy of the book!

 

     1. IMPRESSION: A Comprehensive Guide to Optimal Wellbeing

The book, IMPRESSION, is both an inspiring call to action and an educational tool that will equip the reader with the knowledge they need to live a healthy and fulfilling life. For at least half a century we've been told that health consisted solely of diet and exercise, when in reality it's much more than that.

 

IMPRESSION explores the ten interrelated elements of our wellbeing and how they each play a pivotal role in determining our lifestyle. From the food you eat and how often you are fulfilled by your work, to the type of people you surround yourself with and your sex life, each of these choices influences your level of overall wellbeing.

 

IMPRESSION is an acronym for the ten interrelated elements of our wellbeing:

 

Intellectual

Monetary

Physical

Restoration

Emotional

Social

Spiritual

Intimacy

Occupational

Nutrition

 

IMPRESSION is an investigative look at how certain types of lifestyles lead to happy, healthy, and engaging lives, while other lifestyles lead to a host of problematic thoughts, feelings, and emotions about the past, present, and future.

 

UPCOMING PROGRAMS:

 

1. Mastermind: STRIVENT Masterminds are 90 day programs that bring together small groups of the most ambitious and inspiring Entrepreneurs, Freelancers, Consultants and other Leaders to hold each other powerfully accountable to their big goals while sharing insights and lessons from successes and failures along the way. 

 

Next available spots for the Mastermind start in November, 2019.  Apply Here!

 

2. Annual Summit: This year's Annual Summit will be hosted in beautiful Winter Park, Colorado for 4 days of transformative breakthroughs and community celebration in the Rocky Mountains.  It will be an unforgettable experience of business and personal workshops, hot seat sessions, speakers, surprise challenges, skiing, hot tubbing, and most importantly coming together with your tribe!  You don't want to miss this!  MEMBERS ONLY.  

 

 

 

 

 

 

 

 

 

 

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