why every small business owner needs a mastermind group

Why Every Small Business Owner Needs a Master

Mind.

Defined by Napoleon Hill in Think and Grow Rich.

“The coordination of knowledge and effort, in a spirit of harmony, between two or more people for the attainment of a definite purpose.” (Napoleon Hill)

Hill describes two key benefits of having a Master Mind:

Economic advantage:

Hill suggests that surrounding oneself with the advice, council and personal cooperation of a group of peers who are willing to lend wholehearted aid in a spirit of harmony has been the basis of nearly every great fortune.

Psychic Advantage:

Here Hill refers to the concept of synergy… “No two minds may ever come together without thereby, creating a third, invisible, intangible force which is likened to a third mind.”

8 Benefits for Small Business Owners

Whatever the problem, issue, challenge or dilemma you’re facing, you can just about guarantee someone in your Master Mind will have the answers you’re looking for!

1. Shared knowledge and wisdom

2. Informed decision making.

Avoid the procrastination and stress that comes with worrying about making bad decisions. With a Master Mind the odds are someone will have “been there before you”.

3. Critical feedback

Get your old ways of doing things and your new ideas and initiatives looked at from a fresh perspective by “people who aren’t afraid to tell it like they see it”.

4. Accountability for action

There’s a world of difference between saying you’re going to do something to yourself and saying it to a group of people whose opinion you value and respect.

Accountability becomes both internal and external.

5. Inspiration for innovation.

How often has talking over an idea enabled you to take the idea to a new stage or improve it exponentially?

When it comes to creativity and innovation 1 + 1 = > 2.

6. The power of the network.

The people in your Master Mind can extend the people you can connect with and the opportunities available to you exponentially.

Six degrees of separation gets closer with a Master Mind.

7. Think bigger

I challenge you to surround yourself with a group of successful high achievers and not find yourself thinking bigger and better yourself.

How high can you fly?

8. A place to belong

It’s lonely in small business. Where do you go to celebrate the wins; share the frustrations, offload the problems or think through new ideas?

We all need a place to belong!

If any of those reasons are important for you or your business take action today… find and join a Master Mind.

Can’t find one? Start one!

Your success is in your hands but it’s exponentially easier with a Master Mind.

Thank you!

You can find me:

• @SMARTTribe• au.linkedin.com/in/

smartsmallbusinessforums/• http://smartforums.com.au/