Business Masterminds: What They Are And Why You Need Them

We've all heard the saying before, and it fits into every category of life; the phrase is: there is power in numbers. And, when it comes to your business and creating a village to help you get your business off the ground and grow it, there is – you guessed it – power in numbers. Business masterminds have proven this theory time and time again.

What Exactly Is A Business Mastermind?

A business mastermind group can be one of your best resources as a business owner. If you're not learning, you're not growing, and often it's said that if you are the smartest person in the room, you need to change rooms. A business mastermind group is a group of like-minded peers who can offer support, mentorship, advice, and real-life experience to help you grow your business. 

Being part of a business mastermind group often helps business owners learn and evolve professionally and personally. Because mastermind groups are filled with others in similar career paths and levels, masterminds can be a great way to get unstuck and help you think outside the box.

What Makes A Successful Mastermind?

1

Experience

When joining a mastermind, it's important to bring your experience and consider the other members of the group's experience as well. Having experienced professionals come together allows the group to become a resource when the going gets tough.

2

Expertise

Just as multiple departments in your business come together to make up the entire organization, having a mastermind group with varying expertise is crucial in becoming a beneficial resource. No one issue is the same, and every aspect of your business will need some help at one point. Having an expert to bounce ideas off or ask questions in all categories will benefit your company.

3

Great Communication

The whole point of a business mastermind group is to communicate about wins, challenges, and everything in between. If your business mastermind can't communicate healthily or productively, the whole value of the group becomes depleted. A successful, beneficial business mastermind allows for effortless, efficient communication that leaves the group members feeling confident and happy.

Why Should You Join A Mastermind Group?

Access To Unique Knowledge

As a business owner, you should always want to grow on an individual career and an organizational level. Speaking with other business owners who know more than you in different topics, who have fresh ideas, and who can motivate you can make all the difference in your operations. Joining a mastermind group allows you access to knowledge you may not have had access to otherwise.

Challenge Yourself

Challenge yourself to think outside the box. To ask the questions you need to be answered and give your opinions and experiences a platform. Being able to hear other opinions on your business is a challenging thing to do, but being able to gain unbiased, professional advice can take you to the next level. Allow yourself to think outside the box to help others in your group overcome their challenges. Mastermind groups can challenge business owners in all the best ways.

High-Value Feedback

A successful mastermind group is comprised of other successful, intelligent business owners who are well-versed in this type of management level. Therefore, the feedback and opinions you receive in a mastermind group will be well thought out and based on experience. The type of feedback you receive from a mastermind is invaluable.

Builds Your Network

Being a part of a mastermind group opens up your network to meet people you would not have otherwise. Because these masterminds are almost all virtual in this day and age, you can meet business owners worldwide! Networking in any capacity is helpful; networking without boundaries can be a vast, beneficial resource.

Accountability

Allowing yourself to talk about your challenges and goals can keep you accountable. When you have a group of your peers invested in your work and how you're evolving, you ensure you get it done. You want to be taken seriously and be credible in your group, and you know one way to do that is to meet your goals and show up where you say you will in your business and group.

So, Why Do Mastermind Groups Work?

Mastermind groups are a brilliant way to work through challenges, motivate when you are lackluster, and support when it feels lonely at the top. Why do masterminds work? Because they make business owners feel less alone and less stuck. When you are at your company's helm, it can feel overwhelming and stressful, and solving simple issues can even feel taxing. Having a group of people in the same spot as you, who have the same experiences, fears, stressors, and goals as you, can make all the difference in maintaining your success. Mastermind groups work because they allow business owners to feel humanized and heard while motivating and inspiring them.

Find The Right Mastermind Group For You

Just as when you were building the team that would help you build your business, it's important to investigate different mastermind groups and determine which will help you get to the next level. Making sure the group is easily accessible to you, will motivate you, and is relevant to your industry are all ways to ensure your business mastermind group will be successful for you. If you feel uncomfortable or like you can't relate to anyone in the group, that is a huge sign you need to keep looking for a mastermind group. Make it as easy for yourself to show up as possible – do the leg work to find the right fit.

How Can The Shift Spot Help?

The Shift Spot is a business mastermind group for business owners looking to radically shift their businesses and lives. We are business owners who know how lonely and overwhelming it can get at the top. We have been burnt out and felt like our businesses were running us and not the other way around. The Shift Spot uses live events, industry experts, personal accountability, and balance in mind, body, and soul to get back to enjoying work and life. 

What Results Should I Expect From The Shift Spot?


If you want to grow your business, take back your life, and watch your business run itself, then The Shift Spot is the right mastermind group for you. Using core areas business owners tend to struggle with most and diving into how to make those areas a success for your organization, we give you the tools to take back your business and life.


Business Masterminds: The Resource You and Your Business Need.

Business mastermind groups are a beneficial way to evolve personally and professionally while constantly challenging yourself to level up. The Shift Spot wants to see you master your business, get a life, and reaffirm your why. Let's shift.