Mastermind – Quite Possibly your Business’s Most Effective Growth Strategy – Smart Business Thinking

Smart Business Thinking by Jim Whelan

Mastermind – Quite Possibly The Most Effective Business Growth Strategy – Smart Business Thinking

CEOs and entrepreneurs focused on improved performance frequently are alone. They should investigate a mastermind group because it connects them with like-minded people. Otherwise, it’s easy to get isolated and stray from business basics.

Mastermind is outlined in Napoleon Hill’s book Think and Grow Rich. Hill studied the richest men of the early 1900’s and wrote the book detailing his observations. 

One of the common practices of those wealthy men was that they took part in a mastermind, helping each other solve problems.

The following are three elements of a mastermind group. Providing an idea of how they work and whether or not they might be for you.

1 – A Mastermind is about helping each other solve problems and move forward in their goals.

A mastermind group is not a networking group, a support group, or an advisor board.  

2 – A Mastermind generates ideas and resources.
A Mastermind uses the education, experience, and influence of the others in the group. When a committed group of business CEOs gives their full attention to one person and her strategic goals, all kinds of ideas are generated. Resources and connections are often discovered in the process.

3 – Masterminds are effective because you expand beyond your old limits.

When you join a Mastermind group, you know it’s not going to be about staying in your comfort zone. In fact, this is one of the biggest reasons people want to take part in a Mastermind! They know that success rarely comes from inside their comfort zones.

The Bottom line?
A mastermind alliance takes effort, commitment, and leadership. As in every endeavor, the results are proportionate to the involvement expended. It is only for those who see the possibilities.

Jim is an expert business coach and a respected advisor to management and financial executives. He draws on his long-term business leadership background to help CEOs grow revenue, increase profits, improve performance.