4 Reasons You Need to Find A Mastermind Group as a Veteran Entrepreneur

Mastermind groups are not necessarily a new concept in the entrepreneur community. Many credit Napoleon Hill with the creation of the concept in his book “Think and Grow Rich.” Hill defined the Mastermind group principle as:

“The coordination of knowledge and effort of two or more people, who work in the spirit of harmony…No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind [the master mind].

Sound familiar? For military veterans, mastermind groups can be a great way to transition from the military “family” you’ve built with your fellow service members into another trusted inner circle with a focus on your business success. You may even find fellow veteran entrepreneurs who understand both sides of your story.

Should you jump on the Mastermind bandwagon? Here are a few reasons why it’s a good idea.

#1: Mentoring & Advisement

Entrepreneurship can be very lonely. A Mastermind group puts you in a community of like-minded people who can give you an outside perspective when you are feeling overwhelmed. Everyone in the group is there to encourage and support the success of the other members, while maintaining objective honesty.

#2: Extend Your Network

Networking can be challenging for even seasoned entrepreneurs. Joining a Mastermind group will help you grow your network rapidly with quality people. You’re building trust with each member of your group, which leads to a solid referral community.

#3: Build Your Knowledge

Each member of a Mastermind group is there by invitation. As a result, each member brings something unique in skill and perspective. This gives you the opportunity to build your own knowledge through the experience of other trusted members. At the same time, you have the opportunity to help your fellow entrepreneurs learn from your experience as well.

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#4: Stretch Your Boundaries

Fear is a major component for many entrepreneurs. It can keep you from taking a really positive step in your life and your business. Mastermind groups help you push your boundaries, and can provide insightful support along the way.

Mastermind groups are a great way to build a trusted community when you need it most. Tune in to Veteran on the Move for more tips on growing your network and connecting with like-minded veteran entrepreneurs.