If you own your own law firm, you already know that being in business can be a lonely prospect. Joining a Mastermind Group can help with that, but there are many more reasons to become a part of a strong mastermind group than simply helping with the solitude. Not only will you challenge yourself personally and as a business person, but you can also grow your skill base and solve a host of other problems.
Here are 10 reasons to join a Mastermind group if you are considering it.
1. Grow eyes on the back of your head.
Even if you believe you are the most self-aware person you know, there are things you don’t know about yourself. A Mastermind group learns together and faces new frontiers together. Since everyone is invested in everyone else’s success, with a good facilitator, you can learn things about yourself from your fellow members as they share what your family and your coworkers will not.
2. The best way to learn is to teach.
Since every person comes to a Mastermind group with a different set of experiences and education, you will grow to learn more about each other as you naturally pick up new skills and talents from one another. If you have a skill or knowledge of something the rest of the room does not, you become a resource to them. When you are challenged to implement a new process that is foreign to you while reconvening with your group, you then are able to “teach” the step-by-step process toward achieving success.
3. The Hot Seat.
The Hot Seat is a place and a process that cannot be found anywhere else other than with a Mastermind. Being placed in a position where you must present to a group of sharp peers tends to foster a sense of clarity as one prepares. It also affords an opportunity for the entire room to witness the global experience and intellect of the people generating new thoughts, ideas and tactics that could never have been reached individually.
4. Build Your Posse.
Establish lifelong relationships with like-minded people who will always serve as friends, colleagues and devil’s advocates.
5. Obliterate complacency.
Are you feeling stale? You are successful, but when growth is slow, are there days you want to just walk away? A Mastermind will continually keep you accountable to staying fresh. You can show up and never do a single thing and still be a better business owner and person by just having been around.
Sometimes the only person who can offer a shoulder is the one that has walked in shoes just like yours. When you submit to a Mastermind group, you have instant access to people who have had many of the same struggles as you and can offer an empathetic ear.
6. Increased Revenue.
Those who participate in Masterminds can’t help but improve their business models and processes. When these tweaks are made, success increases and revenue goes up.
7. Broader thinking.
We can be our own worst enemy without even realizing it. Our own limitations often hold us back from greater things, and we don’t even realize it. Your comrades in the Mastermind help point these limitations out and challenge you to step beyond the “safer places.
9. Discover new business partners.
When ideas are flying through the air at the speed of sound, synergy is naturally birthed. The group is a natural cultivation ground for joint ventures, cooperative projects and shared opportunities.
10. Grow Your Confidence
Many may say lawyers have no need for MORE confidence, yet while many attorneys are brilliant at lawyering, business management may not come as easily. With frequent meetings of the Mastermind group, changes in your business, success in your practices and a camaraderie with your peeps, your confidence in every area of your life will soar.
Sure Mastermind groups cost money, not to mention the thing most precious to you, your time. The decision to become part of a group is one that must be weighed carefully because your contribution is very important to the value of the whole. Committing to one will pay off over and over again.
If you were not already in one, your Mastermind colleagues would tell you to get in one.