If you’re not familiar with the term mastermind, it’s a term that was coined by Napoleon hill and described in his book think and grow rich. He explains that the idea of a mastermind is where two or more people come together in harmony to solve problems. One of the biggest benefits of working with others is that you can achieve bigger goals than you may have thought possible.
Transcript
Here's a quote that I heard from Kobe Bryant that really stuck in my head.
Amin Ahmed:I have self doubt.
Amin Ahmed:I have insecurity.
Amin Ahmed:I have fear of failure.
Amin Ahmed:I have nights when I show up at their arena and I'm like, my back hurts.
Amin Ahmed:My feet hurt.
Amin Ahmed:My knees I just don't have it.
Amin Ahmed:I want to chill.
Amin Ahmed:We all have self-doubt.
Amin Ahmed:You don't deny it, but you also don't capitulate it.
Amin Ahmed:You embrace it.
Amin Ahmed:That quote from Kobe Bryant keeps coming up.
Amin Ahmed:When I think about self-doubt.
Amin Ahmed:So, what do you do if you don't have superhuman athletic abilities and confidence, like Kobe.
Amin Ahmed:In today's episode, I'll discuss the power of mastermind groups and why?
Amin Ahmed:I think every entrepreneur should be in a mastermind group.
Amin Ahmed:I'm Amin, Ahmed and welcome to Be.
Amin Ahmed:Well, Do Well.
Amin Ahmed:If you're not familiar with the term mastermind, it's a term that was coined by Napoleon hill and described in his book think and grow rich.
Amin Ahmed:He explains that the idea of a mastermind is where two or more people come together in harmony to solve problems.
Amin Ahmed:One of the biggest benefits of working with others is that you can achieve bigger goals than you may have thought possible.
Amin Ahmed:For example in our company, remarkable branding.
Amin Ahmed:Our leadership consists of three partners.
Amin Ahmed:My role is more on the technical and marketing side.
Amin Ahmed:My business partner, Heather focuses on branding and design, and my wife Shayla's role is to ensure that all the operations run smoothly.
Amin Ahmed:Combining all of our strengths together allows us to get significantly more done.
Amin Ahmed:Then if we had tried to do it on our own and trust me, I've tried to run a business on my own, and it is so stressful and overwhelming that I am super grateful to have these two in my life.
Amin Ahmed:Another benefit of being part of a mastermind group is that you're holding others accountable for meeting their goals.
Amin Ahmed:But more importantly, you're also being held accountable by them for doing the work to accomplish what you said you were going to do.
Amin Ahmed:A, mark of a great mastermind group is that all members feel safe and supported.
Amin Ahmed:That is so important.
Amin Ahmed:I've been part of some mastermind groups where most members were there just for selfish reasons.
Amin Ahmed:They weren't there to support others.
Amin Ahmed:And I felt like they were just there to try to make a sale.
Amin Ahmed:I definitely left that mastermind group and did not feel good about that.
Amin Ahmed:The accountability should definitely not be used to shame or blame others, but rather to support and nurture them.
Amin Ahmed:And that's what really makes a great mastermind group worth staying in.
Amin Ahmed:One thing.
Amin Ahmed:I find fascinating though, about mastermind groups.
Amin Ahmed:Especially, those that have been part of is that the overall goal is usually business growth.
Amin Ahmed:But usually the conversations inevitably drift towards wellbeing and purpose.
Amin Ahmed:And I find that amazing because why else are you in business?
Amin Ahmed:Why else are you trying to make money?
Amin Ahmed:If not.
Amin Ahmed:First for financial gain for personal productivity and satisfaction, but also purpose and legacy.
Amin Ahmed:Really important that if you're in business that you think about purpose and legacy.
Amin Ahmed:The last point about why you should join a mastermind group is to build and continue momentum.
Amin Ahmed:When I'm in a mastermind group and I see others doing really well, of course, part of me is like, oh man, I need to catch up.
Amin Ahmed:But the other part of me is also really excited to see the potential.
Amin Ahmed:And when somebody else does something, then you feel a little bit more motivated to do it as well.
Amin Ahmed:It's a natural pull towards getting your goals accomplished when you see others doing the same.
Amin Ahmed:Prior to 1954.
Amin Ahmed:Running a mile in under four minutes was thought unachievable, no one had ever done it before then.
Amin Ahmed:Roger banister at the age of 25, did it in three minutes, 59 seconds.
Amin Ahmed:Point four.
Amin Ahmed:As of April, 2021, that four minute barrier has been broken by thousands of athletes.
Amin Ahmed:And now it's a standard when it comes to professional athletes, running distances.
Amin Ahmed:So why did I bring that up?
Amin Ahmed:Well, when you see others do what feels unattainable or unachievable, you actually can do it yourself.
Amin Ahmed:You actually feel like, well, maybe I can do that as well now.
Amin Ahmed:The members in my mastermind group that I'm in now are amazing.
Amin Ahmed:They achieve.
Amin Ahmed:Extraordinary things.
Amin Ahmed:And that really helps because when I see others doing it,
Amin Ahmed:It really gives me that motivation that I can do it as well.
Amin Ahmed:Motivation is not one of the things that you'll find mastermind groups promoting, but it's definitely one of the best intangible benefits that you'll There's a saying about how you are the average of the five people you surround yourself with.
Amin Ahmed:Well, by joining a high-performing mastermind group, you're sure to increase your average likely in ways that you didn't even expect.
Amin Ahmed:So to recap.
Amin Ahmed:The three big reasons for joining a mastermind group or to set an aim for bigger goals, accountability, and achieving your goals, and lastly, to motivate and be motivated by others.
Amin Ahmed:In the next episode, I'm going to be talking a little bit about why mentorship is essential for entrepreneurs.
Amin Ahmed:And this episode, we talked about mastermind groups.
Amin Ahmed:Well, mentorship is the other element that I think is essential for entrepreneurs to all have.
Amin Ahmed:I hope you join me tomorrow.
Amin Ahmed:And thanks again for making the Be Well, Do Well podcast a part of your day.