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Home Business Expert: Importance Of A Mastermind Group

Written by: Nancy Jamison

Article Overview: Here we explore how important it is for the entrepreneur to be an active participant in one or more mastermind groups.

Home Business Expert: Importance Of A Mastermind Group

In the timeless classic titled "Think and Grow Rich" the author Napoleon Hill first introduced the concept of a mastermind group' and since then the idea has caught on the imagination of thousands of business people and professionals from across the world. According to Hill, the mastermind group was the union of two or more people when they come together to achieve something similar and both of them naturally has the same objectives and goals in mind.

But ironically, though we agree that such a group can be extremely helpful as both the people involved can gain from each other's knowledge and experience, but in reality we do not see this happen in most places. This does not happen at a traditional job because of competition and ego clashes between peers, and this does not happen in a home business because in this case, the entrepreneur has shut himself or herself up from the rest of the world mostly. His interactions with people have drastically gone down since the time he/she started the home business.

But if you can be a little more pro-active and if you can leave your ego behind, then there is definitely a lot to be gained from a mastermind group. Remember the popular phrase "Two brains are always better than one." Even if you are a home business entrepreneur and do not get to meet so many people, then too there are forums and groups you can be members of. These are the places where you will come across others like you and some of them are true experts. Thus, you can gain a lot from their knowledge and experience. So form your mastermind group and begin to share your knowledge and for sure, you will see a positive change.

Your mastermind group members will provide you the opportunity to discuss complicated issues concerning your trade. This is drastically reduces the chances of a mistake. You will know how to react in a particular situation and also be able to identify new opportunities. Plus of course, it always helps to know someone else who is in the same trade and this is particularly helpful for a home business entrepreneur because when you are working from home, you run the risk of becoming somewhat of a loner.

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Article Tags: clashes, ego, group members, home business entrepreneur, imagination, mastermind group, mistake, napoleon, napoleon hill, new opportunities, peers, phrase, rest of the world, traditional job, true experts, two brains



Related Forum Posts
BNI Groups - do they work? - Hi Lesley, From the members in my Mastermind Group I've heard a number of positive and negative things about BNI Groups. Just like a Mastermind Group, it all depends on who the people are. If the personalities fit and the members can add value to your business it can be worth checking out. The best bet is to go to a meeting as a guest to get a sense of who is in the group and if it is for you. It doesn't cost you anything except a little extra sleep the morning of. Good luck!
Blog pinging - Thanks Martin - yes, I do ping and it has been very effective. I'm currently on the first page of Google for Mastermind Group and on the second page for Selling to Small Business.
Re: On Which Social Media Sites Are You Most Active? - I must respectfully disagree completely with that premise Evan. When speaking of a "Small Group", we are talking abotu a "Mastermind Group". As we all know, such a group is instrumental to success, online or off. The groups can grow quite large too. My group currently has 35 members, but several are actively participating and sharing content.
Celebrity Apprentice - Thanks for the heads-up Kevin. I didn't even realize the new season was starting! Looks like they need to do some more promotion! I've got a Mastermind Group Thursday night but will hopefully catch a rerun later on in the evening!
Re: Harley Davidson Video - Questions! - Hi Andy - it was edited by one of my Mastermind Group members - Mark Drager from Phanta Media so I have no idea how to do it. I believe in the philosophy to Partner with the best and stick to what you're good at! Thanks for the question.


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