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SpinDistribute.com Article Directory

The following article was published in our article directory on May 1, 2013.
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The Benefits of Masterminding

Article Category: Business

Author Name: Cameron J O'Shea

Benefits of Masterminding

Have you heard a lot about masterminding and its benefits for businesses and life in general but do not know how it applies in your specific case? Do you want to know a bit more about this process before taking a plunge? Then read on as this article takes a closer look at masterminding as a process and describes the benefits that would accrue to you as a person and to your business as an entrepreneur.

Before moving ahead, it would be prudent to know about the origins of the word and the concept. In 1937, famous American author wrote a book on how to achieve success in life. It was entitled Think and Grow Rich. The book is till today a best seller and it describes the power of self belief and how these beliefs lead to success in life. One of the basic principles described in this book was masterminding. The author Hill defined it as coming together of two or more minds for coordination of effort and knowledge to attain a common or shared goal.

How masterminding evolved as a concept
Hill was greatly influenced and inspired by the success of the steel tycoon Andre Carneige. He used the example of this wealthy and successful steel magnate to describe how masterminding led to success in steel manufacturing and distribution business. Andrew had a group of 50 men with whom he shared his ideas. He attributed his success to the brainstorming sessions he had with this coterie.

There are many benefits of masterminding, especially when talking about a business.
As an entrepreneur, you get the support of men or women who want to see you succeed
You benefit immensely from the ideas, criticisms, appraisals, experiences, perspectives, insights, and feedbacks of the men in your group.
You get help in the form of resources and networks that the group brings to the table. Alone, you would be deprived of these resources.
Masterminding inspires and motivates, helping you to keep your focus on your goals in such a way that you achieve them faster and more efficiently.

Leads to Growth and Development of the Members of the Group

Hill was of the view that masterminding was much more than coming together of brains as it resulted in an invisible force that represented more than the sum total of ideas and opinions brought along by the members of the group. When a group of people involved in similar kinds of businesses meet regularly, bringing to table their experiences and challenges, they represent support that is invaluable and cannot be obtained in any school or bought with money.

It has to be understood that masterminding is all about sharing and therefore you have to take it as a give and take relationship. This means that you have to remain prepared to offer something in return whether in the form of honest feedback or opinion. Masterminding helps in enhancing your skills as you become a pencil that gets sharpened inside a sharpener. It is all about growth and development of the members of the group.

Join me and the large community inside the Empower Network and build your masterminding team today!

Keywords: masterminding,

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