5 Benefits of Mastermind Groups for Your Business

Behm Consulting | 6 December, 2018 | Mastermind Groups

As a business owner, you already know how many tasks and responsibilities can fall on your plate in such a short amount of time. Whether you have a team of employees working with you or you're a solopreneur juggling a dozen roles at once, your position as "owner" can leave you feeling overwhelmed and stressed on a daily basis. 

Here's the good news: you don't have to do it all alone. 

Mastermind groups offer unique opportunities for you to meet with other business owners and work on your business with one another. If you're ready to get serious about growing professionally, expanding your network, and ultimately creating a successful, long-term business, then joining a mastermind group may be the right next step for you. 

Here are some of the top benefits you have access to through a mastermind group, such as our Next Level groups here in Lakewood. 

1. Collaboration


Our friends and family can be great resources for advice many times in our lives, but when it comes to our businesses, sometimes what we really need is insight from others in our shoes. 

Between brainstorming new ideas, launching new products or services, and finalizing your annual strategic plan, mastermind groups can be a great way to collaborate with other business owners like yourself.

Having a fellow entrepreneur listen to your goals and provide their feedback can be extremely helpful in a variety of situations. Some of them may have gone through similar decisions, made mistakes they can warn you about, or simply offer an outsider's opinion you may not have otherwise considered. 

2. Goal Setting and Achieving


Whether you need a little assistance determining your quarterly or annual goals or you're seeking a new way to hold you accountable in order to actually achieve your goals, joining a mastermind group can help!

Not only can others work with you to choose goals that are big enough to motivate you (but not scary enough to make it seem impossible), they can also be a sounding board for saying your goals aloud. When you make your goals public with others who will be keeping tabs on your progress over time, you'll be far more likely to stick to your goals — and maybe even surpass them!

3. Growing Your Network


Building a successful business isn't just about what you know; it's also about who you know. 

While typical networking events can help you fine tune your sales pitch, it doesn't always provide the right setting for you to make meaningful connections with other business owners who will want to either do business with you or refer other people to you. 

Mastermind groups are a great way to expand your professional network with others who know, like, and trust you. They'll be more likely to get a behind-the-scenes look at why you do what you do, the level of expertise you have, what makes you different from others in your field, and who might be the best referrals for your line of work. 

4. Education


Although not all mastermind groups offer education, there are some that do, and this can be a huge perk for your business long-term. 

Even if you weren't a fan of school growing up, challenging yourself to learning new things on a regular basis is an important factor in building a successful business. It can also provide an opportunity for you to learn key strategies and tools especially if you didn't attend college for a business degree.

Some of the topics we cover in our Next Level groups include things like strategic planning, goal setting, leadership skills, and sales, just to name a few!

5. Motivation


Every business has it's peaks and valleys. What's important, though, is to find inspiration to keep you going even when you want to quit or you're going through a rough patch.

Connecting with other business owners and entrepreneurs gives you the chance to be motivated by their achievements and insights. They can even offer additional motivational support simply by talking through your challenges and helping you come up with actionable solutions. 

Join a Business Mastermind Group in Lakewood, CO

Our Next Level groups offer an opportunity to work on your business alongside other startups, entrepreneurs, and business owners. You'll be able to fine tune your strategic plan, marketing strategies, and more, all while building the foundation for meaningful business relationships that can help you grow your revenue over time. 

Read more about the benefits of Next Level groups online or request a consultation to see if this is a good fit for you!