Top 10 Reasons to Join a Mastermind Group...
Conversations with one person can only go so far in gaining a broader perspective. Internal team discussions can sometimes become routine. We grow intellectually by sharing insights with others and bouncing ideas off of each other. We gain perspective when we can see a problem with a fresh set of eyes. This is why mastermind groups have grown in popularity as an integral part of any successful business. But what exactly are mastermind groups, and why do experts recommend that entrepreneurs, and business leaders join a mastermind group?
Mastermind groups are an active group of team oriented people who desire more from their own leadership, career and company. A peer advisory group or mastermind team serves as a MOTIVATOR and ultimately a catalyst that levels a leader up. Think about having a team that serves as your personal board of advisors, in an environment that allows you to receive feedback to grow your thinking, problem solve, or ideate.
In an article, Mastermind Groups: Harnessing the Power of Collective Wisdom, written by the Mind Tools Content Team on Mindtools.com, some interesting historical examples were provided, suggesting that successful masterminding with like-minded peers leads to significant growth. For example, Andrew Carnegie, originally poor, went on to become one of the wealthiest industrialists. He knew absolutely nothing about steel manufacturing early in his career, but fifty years later sold his Carnegie Steel Company for $480 million, which today equates to about $13.6 billion. He attributes that success to the "collective intelligence" of his team of advisors, or his "mastermind."
Another example in the same article, cited Franklin D. Roosevelt's Brain Trust. President Roosevelt, serving at the time of the Great Depression, formed a "team of academics" to assemble and solve economic problems, at which time the team designed the New Deal. Not without controversy, the deal created some financial regulations, established some public works projects and provided some large scale relief. However, the collaborative effort is credited for the economy not falling into an even deeper recession. John Murphy, founder of Survivalist Inc. recently stated in his Forbes article, "Your close-knit group can give you new ideas to tackle issues you struggle to figure out on your own. They give you new perspectives and challenge you to approach challenges with an open mind. It’s like a think tank for your business."
Fall of 2023, The Quality Coach® will launch the TQC Collaborative, which will provide opportunities for leaders, at various levels, to join a mastermind group that best meets their needs. Keep scrolling for the Top 10 Reasons to Join a Mastermind Group!
Here are our TOP 10 REASONS TO JOIN A MASTERMIND GROUP:
1. SAFE SPACE
Confidentially engage in high level learning and discussion that matters and makes a difference in your life as a leader.
2. DIVERSE PERSPECTIVES
Enhance problem solving, engage in broader discussion, and gather significant insight.
3. AUTHENTIC FEEDBACK
Give and receive feedback rich in real examples, resources, and ideas from team members who are in the trenches with you.
4. GUIDANCE
Fine tune your thinking; gain support from someone who can relate to your challenges, wins, and strategic thinking.
5. MOTIVATION
Stuck or needing a push, peer advisories and mastermind sessions can fire you up and get you moving.
6. ACCOUNTABILITY
Having a plan, sharing it and providing updates on your progress in a team setting, along with frequent feedback from your peers, garners a level of responsibility and pride that pushes members to get things done.
7. COLLABORATION
After all, collaboration is what the TQC Collaborative will be ALL about! A less lonely place designed to help you thrive.
8. GROWTH
Personal and professional growth is the cornerstone of every successful leader and company.
9. INNOVATION
Getting "unstuck”, moving forward creatively, managing change and leading through disruption are frequent topics we mastermind around.
10. NETWORK
Although our Peer Advisory and Mastermind Teams are not about networking like a group of friends chatting over drinks, at least not initially, lasting relationships through collaboration are sure to not disappoint.
If you are interested in learning more about The TQC Collaborative and think you might want to know more about joining one of our Mastermind Groups this fall, contact info@thequalitycoach.com. We want to welcome you to a future introductory session where we will share more information about masterminding, the groups being formed, and how The TQC Collaborative can help you accelerate your success.
About Lori VanLeer, Ed.D
You may know Dr. Lori VanLeer, the former Superintendent of Schools for The School District of Washington in Washington, MO. Since her retirement in 2021, she's been a member of The Quality Coach® team. Dr. VanLeer serves as our lead education consultant and coach. She works closely with our entire team of experienced coaches, training facilitators, and consultants, all with business and leadership experience.