Short Cut to Real Estate Investing Success - Form a Mastermind Group

Napoleon Hill Books - Short Cut to Real Estate Investing Success - Form a Mastermind Group

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Mastermind Groups are a overwhelming way to get ahead in business. Napoleon Hill pioneered the idea in his book "Think and Grow Rich". It is just one of many grand ideas from the book and an idea sure to assuredly impact your income and your business.

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Napoleon Hill Books

One of the Secrets of Success
 
One of the most leading things you can do to improve your success in real estate investing is to come to be a member of a mastermind group. A mastermind group is a small consortium of like-minded individuals coming together to share experiences for the benefit and growth of each individual member.
 
It is extremely important. Participating in a mastermind group will shorten your learning curve tremendously because everybody will benefit from each other's experience. It will also serve as an accountability group to make sure you continue to move forward amidst obstacles. And there will be obstacles.   
 
Unlimited reserve and Accountability
 
When things are not going so well, the group will act as a reserve network to get you headed back in the right direction. You will also benefit from the constant motivation factor added by many members of the group. When one person is experiencing the roller coaster of emotions and veering toward mental negatively, the mastermind group will be there for support. Everyone in the group will be like-minded so each person will be able to understand what the other is going through.
 
Members do not have to be concerned in the same area of real estate investing. As a matter of fact, you may benefit more if each person focuses on a separate niche within the real estate game. Someone may want to wholesale. Another member may only want rehab properties. Then there is buy and hold guy. What if one person only wants to work short sales? Well, it sounds like the makings of a great group to me. It will seem like you are all doing deals in the varied niches at the same time. How's that for gaining experience?
 
There are just so many benefits to being a part of a mastermind group I believe it is and absolute necessity.
 
How to Form Your Own Mastermind Group
 
You don't have to go quest for one; you can form your own. That's what I did. Try to find citizen that are equally committed to growing their real estate investment business. The members should be individually pursuing success and only need to look within themselves for motivation. That way everybody will always pull his or her own weight. Keeping the group numbers down to six or less will ensure equal attentiveness and benefit to all members.
 
Establish the Guidelines
 
In the beginning, you will want to institute a mission statement. Have each individual write his or her own version. Then, have a meeting about it to share and come to some type of business agreement on your mission, as a group, going forward. 
 
I suggest you institute rules and guidelines for membership in the group. This way each person knows what is incredible of him or her. The rules are also there if person needs to be reminded to pull their weight or in the event you have to oust a member.
 
You should also form a meeting schedule. You could meet via teleconference or in person. I suggest both. My mastermind group conducts weekly meetings via phone and at least one in person meeting per month. We also keep in touch with each other throughout the week. The interaction has naturally been invaluable.
 
Growth
 
All I can say is forming my own mastermind group has been one of the best business decisions I have ever made. It has taken my business to someone else level and still rising. In fact, everybody in my mastermind group has experienced a boost to their individual businesses. I know you will feel the same. 
 
If you want to take your business to the next level, form a mastermind group. It may take a second to find the right mix of citizen but it is well worth the time. After all, great business owners and millionaires apply mastermind groups as a major part of their inner circle. I didn't make that up.  Napoleon Hill discovered this for himself during his 20 years of explore leading up to writing "Think and Grow Rich." 
 
There is a fancy why prosperous citizen believe it is significant for success. Mark this as one of your immediate and mandatory goals. It is that important. Then sit back and feel the growth.

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