If you’re looking to increase your company value and profits, join a mastermind group. Today.
Run. Don’t walk.
If you don’t know what a mastermind group is, you’re not alone. To their detriment, most entrepreneurs don’t.
How do I know?
I was that kid who started his business, an EdTech, out of school with no money, success, or team.
Failure became my new best friend and showed up all day. Every day.
While grit and my passion for solving a painful problem kept me in the game, it wasn’t enough for success.
It was the power of a mastermind group that helped me beat the odds and welcome a 9-figure exit.
I was an “overnight success” thirteen years after I started.
Am I saying that a mastermind group is a magic pill that makes you rich?
Not a chance.
Success requires hard work, commitment, and action.
But a mastermind group gives you the knowledge and tools to slay your business dragons.
The first offer to buy my EdTech was 7-figure. I said ‘no’ and decided on the spot that I would master the art and science of selling a business.
What I learned shocked me to the core. As entrepreneurs, the system is set up for us to lose. The buyer and your investment banker win.
My 9-figure exit came from a different buyer and a playbook I developed to level the playing field.
Want to know how to unlock your success and increase your company value?
Keep reading.
The Power Of A Mastermind Group To Help You Avoid Industry Group Think
The more I help others to succeed, the more I succeed. – Ray Kroc
A mastermind group consists of two or more people whose sole purpose is to help each other succeed.
You ask your questions and share your problems. Your fellow members share their experiences and advice.
Napoleon Hill’s book, “Think and Grow Rich,” popularized the mastermind group concept.
But mastermind groups have been around a long time.
Remember King Arthur and The Knights of The Round Table? King Arthur and his knights are one example of a mastermind group.
Oprah Winfrey and Richard Branson credit their success to a mastermind group.
There are five key things the right mastermind group will do for you.
Let’s start with avoiding industry group think.
Want to build your empire and future? Disrupt your industry.
Industry disruption doesn’t happen when you act the same way as your competitors.
Some of the largest disruptions in one industry often come from other industries.
How can you do this?
Ensure your mastermind group has successful entrepreneurs from other industries.
Diversity is like a breath of fresh air and fresh thinking. Diverse and challenging views will help you find your next industry disruption.
Do this now, and you’ll thank me later.
Why Birds Of A Feather Flock Together (And Success Follows)
Only by giving are you able to receive more than you already have – Jim Rohn
The saying “birds of a feather flock together” has stood the test of time because it’s true. The people you spend the most time with shapes who you are today and who you will become tomorrow.
Success and failure leave clues and are a result of specific patterns.
Who you spend the most time has you “succeed” or “fail” in business and life.
Let’s do a brief thought experiment.
Think of all the people you spend the most time with and write their names down in a list. Without judgment, scan the list and ask if you’re inspired to be like that person.
What do you do if your list has you saying “no” more than “yes.”
Enter the mastermind group.
A mastermind group can elevate who you are as a person and as an entrepreneur.
The right mastermind group will have you mirror the attributes of the people in the group. Thoughtful and wise advice from your mastermind group helps you make better decisions.
Am I saying that the people in your mastermind group are smarter than you?
Not being the smartest person in the room is often the best thing you can do. Read all about it with 9 Things Rich And Successful People Always Do (And So Should You).
You can learn both what to do and not do from someone who is on the same path as you but has been on the journey longer.
And this, my Rockstar, entrepreneur, makes a mastermind group your X-Factor for success.
Find a mastermind group that has similar goals and aspirations as yourself.
Do this today, and you’ll thank me tomorrow.
The Right Mastermind Group Holds You Accountable And Helps Make You Successful
Those who are happiest are those who do the most for others. – Booker T. Washington
When’s the best time to take action?
Yesterday.
The next best time?
Right now.
Losers dream and strive for perfection but do nothing. Winners act on their dreams, and over time, realize success.
Procrastination is like a thief in the night that robs you of sweet success and happiness.
The right mastermind group calls you out on being the perfectionist instead of the doer.
Read and learn from, “9 Horrible Success Myths You Need To Stop Believing Right Now.”
The best mastermind group gets to know you better than you know yourself and protects you from you.
Look to your mastermind group as your board of advisors. Through accountability, your mastermind group is where dreams are born and legacies made.
Are you thinking about selling your business?
Your mastermind group helps set you up for success through accountability and insights.
Do you know the one thing every buyer hopes you’ll do when you decide to sell your business?
Answer: sit back and do nothing. The less prepared you are to sell your company, the more money the buyer makes.
Read and prosper from “Do You Know The 7 Mistakes Every Buyer Wants You To Make When Selling Your Business?”
Your mastermind group holds you accountable and ensures you follow through. And let’s be honest, as the kind of your castle who else could make you do this?
Enough said and why a mastermind group works miracles on your accountability.
Do you know what the biggest “business killer” and what you can do about it?
Keep reading to find out.
Find And Obliterate Business Blind Spots With The Help Of Your Mastermind Group
There is no time like the present. – Georgia Byng
What happened to Blackberry, Kodak, and other titans of business that led one day and were gone the next?
Business blind spots.
In business and life, what you don’t know can and will hurt you.
When it comes to business blind spots, you don’t know what you don’t know.
And this, my Rockstar entrepreneur, is the challenge.
You’re a business success because you were passionate to solve a painful problem. You either created a new industry or found a problem the competition ignored.
How do you find business blind spots if you can’t see them?
The members of your mastermind group offer a rich diversity of experience. Leverage this rich experience to find and solve the next set of problems to solve.
Both success and failure are patterns and leave clues. Find what has produced results for your mastermind group and follow suit. Find out what hasn’t worked, and avoid these actions like the plague.
A quick story.
In the early days of my EdTech, I learned one game-changing question to ask from a mastermind group member. What was the question?
Answer: What keeps you up at nights?
Asking my customers this question had me create a market disruption.
Read and prosper from, “Perfect Advice You Need On How To Master Business Blind Spots.”
Despite the odds, becoming successful is the “easy” part. Staying successful, thanks to business blind spots, is the challenge.
You can find and conquer business blind spots. And in the process, you’ll ride the wave of success and increase your business value.
How Do You Become A More Effective Leader And A Better Person? Join A Mastermind Group
We make a living by what we get, but we make a life by what we give – Winston Churchill
How do you become a more effective leader, a better person, and lead a happier life?
Join a mastermind group where your actions get called out, as harsh and as painful as this may be.
Look to your group as your board of directors.
As the entrepreneur, founder, and “make it happen” person, it’s lonely at the top.
Talking to employees about your business challenges is out of the question. Friends and family mean well but lack the experience and understanding.
It’s your mastermind group that offers a safe environment with no judgment. The only agenda is your success.
Leverage your success by being a member of more than one mastermind groups. Each mastermind group has its focus and ideal kind of member.
Are you exiting your business? Find a mastermind group that focuses on the mastery of selling your company.
As the saying goes, the teacher learns more than the student applies to your mastermind group.
Helping a fellow member through a challenge has you learn more about you and sharpens your skills.
Through helping a fellow member, you also help yourself and create a win-win.
Conclusion
Looking to increase your company value, become a better leader, and sell your company but not sure how?
Stop your search.
The right mastermind group helps you in five key areas that will either make you and your business or break you.
You choose.
How do I know?
Remember me, I was that kid who started his business out of school with no money, experience, or team.
Failure ruled the day and would have ruled my future if not for one thing.
What’s the one thing?
When increasing growth and value was my focus, I sought out mastermind groups in these areas. And when it was time to sell my company, I found mastermind groups that focused on this area.
The right group brings out the best in you, and in turn, you bring out the best in each of the members.
Choose a mastermind group that has successful entrepreneurs from different industries. The more successful the members, the better.
All you have to do is choose your area of focus and find the mastermind group for you.
So what are you waiting for?
You can do it. I know you can.
Here’s to you and your success!
Your Biggest Raving Fan,
Jeffrey Feldberg
Today, Feldberg's passion is helping you extract your deep wealth. The 90-day Deep Wealth Mastery program helps create a solid foundation for three areas: increasing profits to enterprise value and optimizing post-exit life. Deep Wealth Mastery offers strategies and insights drawn from Feldberg's rich experience. The strategies from the trenches get results. Jeffrey's vision is to increase the social fabric of society one entrepreneur at a time.
Learn more through https://iapdw.com/prosper
- The No-Compromise Startup Strategy Fueling Happy Wolf’s Rise As The Go-To Kids’ Snack Brand
- The Intersection Of AI And Investing To Level The Playing Field: A Conversation With Andrew Einhorn
- Entrepreneur And Coach Scott Maderer Shares The Blueprint To Success Through Your Time, Talent, And Treasures
