Jim Rohn: The Mindset And Attitude Of Thinking Wealthy

Achieve More in Your Business Using the Power of a Mastermind Group

I have interviewed over 1100 entrepreneurs and business owners on the secrets of their success and one of the things that I find many of them do is find support from being a member of a business mastermind. The mastermind concept was first talked about by Napoleon Hill in the 1930s when he described it as 'the coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.'

Owning a business comes with a heavy burden of responsibility. Every day you are faced with making decisions and often the choices made may be nothing better than a guess based on gut instinct. As well as this you have to figure out how to organise your time to be most effective. While you may have created a business for independence and lack of accountability to other people ultimately, we all become accountable in business to our family, our employees and other people who support us in our business. There is an immense psychological weight that comes with owning your own business. Often business owners have no one to turn to for support, advice or opinion and feel alone on their journey. With all of this weight on their shoulders, they somehow have to make the right decisions with a constant awareness of the consequences of bad decisions. However, there is another way by using the power of a business mastermind.

A mastermind is a group of 5 to 9 people who share a common objective, for example growing their business, who meet on a regular basis to help and support one another. Each member of the group should contribute their wisdom equally to the group and offer mastermind members access to their personal network and resources. When the group meets, they will focus on a commonly agreed topic and all members get to benefit from the conversations that take place.

A business mastermind group is a safe place where the like-minded members share intimate business secrets with the community and get the benefit of the wisdom, thoughts, knowledge and support of the group. Being a member of a mastermind group also creates a sense of connectivity with other similar people who 'get it', there is a sense of camaraderie and shared understanding. It is an incredibly powerful way of networking and forming strong friendship bonds with other like-minded entrepreneurs in a trusted circle of colleagues.

Joining a business mastermind requires a moment of honesty and the part of the entrepreneur because you have to be willing to share what does and doesn't work within your business and you also have to be willing to take advice from other peers in the group. Furthermore, you must also be willing to be held accountable for any commitments that you make to the group. Without this level of openness, authenticity and willingness to grow and learn neither the group nor you will benefit from your involvement in the group. When you join a mastermind, it is also important to have goals of what you intend to achieve during your time in the mastermind and then use the power of the mastermind to help you achieve them.

Being a member of the right mastermind group, you become incredibly focused on your goals and objectives and you are much more likely to achieve them faster than you would otherwise do and therefore your business will move forward at a faster pace. When you have ideas or challenges you can use the power of the group to brainstorm them and get feedback, insight, ideas, suggested resources, different perspectives, solutions, new possibilities, questions, help and at the same time you learn from the other members. You also benefit from being potentially introduced to people in other mastermind member's networks who can provide the right advice quickly. You get multiple perspectives on what it is want to solve and you also get real clarity on how you can achieve it - you take a lot of the guessing out of making decisions.

Within a business mastermind group, there is a shared sense of we are in this together and everybody is rooting for your success. Because you make commitments to the group and the group wants you to succeed this creates incredibly powerful accountability with a 'push' and 'pull' effect on you ensuring that you do what you say you are going to do to make a successful outcome more likely.

If you would like to know more click the following link to discover how you can join a business mastermind group to grow your business faster.

Do you want to know more?

To find out more about how joining a business mastermind can help you in your business click the following link business mastermind and take some of the guess work out of running your business.

Article Source: https://EzineArticles.com/expert/Neil_D_Ball/1469847

Creativity - Do You Use It?

Many of my clients over the years have expressed concern about finances and wished they could relieve their debt burdens. But compounding interest and late fee penalties make the goal more and more unreachable.

Recently I watched some episodes from a British show entitled "How to Live Mortgage Free". I was amazed at what was accomplished by those who were determined to improve their lives by eliminating their mortgage.

Some of those who were featured wanted to accomplish this in preparation for their retirement. Others were younger. One couple set and reached their debt-free status before they were thirty years of age.

The ideas they used included renovating abandoned structures such as a barn, church or office. One couple didn't want to leave the house where they had raised their children so they sub-divided it into two houses and sold one. A young couple built their first home on the top of two trailer beds in a fashion that allowed them to move the whole thing at a later date if they desired.

A single father gutted and redesigned an Airstream trailer for himself and his daughter. An engineer turned a two-story bus into a home complete with elevator and mobile tracks so that his disabled wife could maneuver easily throughout.

One single mom told about how she reduced her mortgage from thirty years to eight by being thrifty and depositing the equivalent of twenty-five extra dollars at a time against the balance.

A couple who had lived on a boat for twenty-five years built a smaller one that was more affordable and then sold the first to pay off all their debt.

This series reminded me of the things that are needed in order to achieve success:

1. A goal. It must be clear and reasonable. All of the individuals in the show also had a realistic timeline for completion.
2. Sacrifice. It took many, many months and in some cases years of labour to complete the projects. Also, reduced square footage required down-sizing of possessions.
3. Skills. Many learned how to build as they went, but some had carpentry, engineering, or sewing expertise before they started.
4. Money. The people involved needed a place to stay while they were preparing their new homes. The initial costs for purchasing land, structures or materials were paid with savings or at least one continuing to work for income.
5. Research. Many of the homes were built with second-hand fixtures and designed after study of magazines and examples of projects completed by others.
6. Consulting. Asking for advice from people who have expertise was a key element of the projects.
7. Creativity. Small spaces were used wisely to accommodate the residents who were moving in.

If you are struggling with financial issues, perhaps you could adopt the above principles. You don't have to necessarily pay off your mortgage but you could significantly improve your financial situation!

And now I would like to invite you to claim your Free Instant Access to a complimentary list of 10 Steps to Making Your Life an Adventure when you visit http://lindahancock.com

From Dr. Linda Hancock, Registered Psychologist and Registered Social Worker

Article Source: https://EzineArticles.com/expert/Linda_Hancock/152728

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Daily Habits of Successful People