Back in the day when I was a rookie entrepreneur, I was introduced to the term mastermind group. I saw the value in the group but I thought it was a little arrogant of me to even want one. After all, I wasn't making any money yet. As a result, I talked myself out of it.
But live and learn, If I had it to do again, I'd do it differently. It's never too early to start a mastermind alliance with other like minded people.
Here are three tips to keep in mind when you do.
1. Mastermind alliances are not for life. They're can be organic. The benefit is in people coming together at any stage. Likely in the early days, you can expect to grow apart. When it comes to adult learning, there's this concept of scaffolding. You need people in your group who are further along the path than you are but not so far along that they forget what the struggles were like in the early days. If there comes a time when you are not finding the group beneficial, you move on and form a new group. That makes good business sense.
2. Choose the right people. Choose like minded people (ambitious) but don't limit them to being in the same industry as you are. You want to tap into that knowledge that a group brings. Two or more people that is it. In his book Think and Grow Rich Napoleon Hill describes the mastermind group as a cooperative alliance of like minded people who come together to share "advice, counsel and personal cooperation". You want people in your group with a vision of success that mirrors your own.
3. Size doesn't matter. Two heads are better than one. Your mastermind group can be any size - two or more people coming together helping you all to tap into infinite intelligence - the ideas that come up when you share a good conversation with another. There is no size limit. There are times when keeping the group small is wise. You'll get a feel for it as you go.
Start masterminding early in business and make it a staple for success.