The Benefits of Mastermind Groups: Are They Right for You?

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Decorative - The Benefits of Mastermind Groups: Are They Right for You?

Mastermind groups are a powerful way to gain support while running your business. I’ve been part of one for years, and it’s been transformative. The sense of community is priceless and it’s reassuring to have the support of people who get what you’re going through.

I’ve gotten some of my best ideas from the collective mind that is at the hub of a mastermind as well as made some great friends.

What is a Mastermind?

A mastermind is a group of like-minded people who support and inspire each other. They harness the power of collaboration to solve problems, give and receive advice, and share experiences.

Different Types of Masterminds

Not all masterminds are created equally and there are different options and formats available.

Free masterminds are a group of peers who decide to support each other. While free groups can be a good starting point, they often lack commitment, and participation tends to drop off.

A group of 12 business buddies (including me) finished a paid mastermind programme and because it had been so good, we decided to continue to support each other. We agreed on the timescales, set the date and I sent out the Zoom link – three people turned up to the first meeting and only one to the second! Whilst the intentions were good, it wasn’t a priority to the members when it was free.

1-day masterminds these are where you go to an event (in-person or online), sit with other business owners and take turns to put a question to the table. Whilst this approach can be great for idea generation and as a sounding board, there is no organised ongoing relationship or support with the group.

I’ve been to a few in-person 1-day masterminds and whilst they’re great networking opportunities, I found them intense and there isn’t the time to really get to know and understand each other’s businesses.

Paid masterminds are where you have a peer support group who you work with at regular intervals. These can be in person or online – both work equally well. These programmes can be combined with other support structures for the members such as WhatsApp groups, group coaching sessions, workshops and 1:1 coaching depending on who is leading it.

Investing in a paid mastermind has been one of the best decisions for my business. Working together with other business owners over a period of time means you get to understand each other’s businesses. It’s a safe environment to share the highs and lows of running a business – the group becomes your personal cheerleaders and an important part of your support network and gives you the team spirit that’s missing when you work alone.

When You Should Join a Mastermind

If you’re serious about succeeding – however you define success, a mastermind can help you avoid the isolation of running a business alone. Being in a mastermind will help you identify and focus on the important things that will help you to grow your business in a way that’s right for you.

Connection - feeling lonely working on your own is a huge issue, a mastermind will allow you to be part of a community of like-minded people where you can build great relationships and friendships.

Accountability - if you struggle to get things done in your business, the group will be your accountability partners. They won’t be doing the work for you, but knowing you’ve committed to something publicly is an incredible motivator.

Idea generation - Tap into the group’s collective creativity for inspiration and fresh perspectives.

Decision-making – it’s hard having to make all the decisions on your own. Often friends and family try to help but they don’t really get what you do. The group will be there to help you make decisions and focus on what you need to do.

Increased confidence – having a great support network, making decisions, and moving forward in your business will all build your confidence which will only have a positive effect on your business.

Continuous learning – whether it’s new skills or learning from others' mistakes, you will always learn something new from your peers.

When You Shouldn’t Join a Mastermind

Masterminds only work if everyone is committed and serious about supporting each other. The open and honest conversations in the group are where the most value resides, so it’s important to be part of it. If you’re not prepared to or don’t have the time to participate in the group, a mastermind is not the right fit for you.  

From my own experience, masterminds have been invaluable to me and my business. Is a mastermind the right next step for you? Are you interested in joining a mastermind group programme set up exclusively for holistic practitioners?

Holistic Hub - Doors Open!

6-Month Mastermind starting in January 2025

Join a small, supportive group of amazing practitioners working together to build successful businesses - on their terms. As part of the mastermind, you'll receive:

  • Personalised 1:1 coaching with me.
  • Weekly group catch-ups, monthly masterminding sessions, and a supportive WhatsApp group.
  • Access to my library of masterclasses and resources, crafted from over a decade in business.

We’ll be your cheerleaders, helping you stay motivated and focused on building the business you’ve always dreamed of.

Learn more and reserve your place today.

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