How to be a soloist in business yet have the power of many brilliant and great minds?

The path of an entrepreneur is never easy. Building a business is taxing to the mind, body and soul. Emotionally, the journey is like a roller-coaster ride with its crazy ups and downs. Physically, you have to spend a great deal of time working on your business, sacrificing spare time to exercise or to rejuvenate. And not to mention spending less time with your family and loved ones.

Does this resonate with you? I am sure it does. Most entrepreneurs are facing with these pressing problems and are unable to find a solution to turn this around. You become frustrated, you resort to working harder by putting more hours into your business and the results remain as frustrating as before.

To turn this around, to really starting working on your business and not in it, you have to learn the art of leverage over a business coach and mastermind groups!

Coaching and mastermind groups complement each other extremely well. While a coach serves to provide a mentor-student relationship, a mastermind group provides peer-to-peer support. And this leads to numerous benefits that will give you the edge over your competitors. There are 3 major benefits that you ought to be aware of.

Open-source Creativity

The business world changes as rapidly as the software world. In the open-source coding revolution where the source codes of softwares are openly shared, softwares evolved rapidly. Programmers are able to improve, adapt fix bugs at lightning speed, which adds massive value to the software. Similarly, a mastermind group is like the open-source revolution. By sharing ideas, knowledge and experience within a mastermind group, and leveraging on a coaching as a sounding board, you are able to develop new ideas from your existing core ideas, success will begin to expound exponentially.

Mastermind group levels the playing field.

The business battle field is never equal. You got to be keenly competitive to start and build a thriving business. And this requires you to develop your core expertise but at the same time, develop multiple skills and knowledge databases. Mastermind group empowers you to do so with much more ease. A meeting of minds from a diversified field of expertise adds perspective, depth, experience and knowledge to the person being masterminded. The only requirement is that you have to be receptive, and become a dry and thirsty sponge ready to absorb the input. Leave the analysis to a later time. Do this and you can level the playing field in a much shorter time.

Coaching builds up confidence and competence.

Individual coaching is an example of situational leadership at work. It aims to mentor one-on-one building up the confidence of members by affirming good performance during regular feedbacks; and increase competence by helping the member assess his/her strengths and weaknesses towards career planning and professional development. Depending on the individual’s level of competence and commitment, a leader may exercise more coaching behavior for the less-experienced members. Usually, this happens in the case of new members. The coach does more hand holding at the beginning with the mastermind group members but gradually exercises less clearly defined instructions as the mastermind group builds up confidence and competence.

Bill McCartney once said, ‘All coaching is, is taking a player where he can’t take himself.’ Both coaching and mastermind group serves this purpose and that is to take a business owner to a higher level of thinking and maturity and his business to more profits.

So if you are working alone or planning to do so, why not leverage such that you shorten the learning curve and increase your chances to grasp success earlier?

About the Author

Joel Chue
Expert Author in the topic Mastermind groups

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