Joining a 'mastermind group' could help your business thrive in 2020 — here's how - Business Insider

, runs regular mastermind groups for successful entrepreneurs in New York. According to Clark, "It's easy for business owners to fall into perpetual 'execution mode,' where they stay busy and work hard — but as circumstances change and their business evolves, they may find themselves working hard on the wrong things.

And mastermind groups are not just for entrepreneurs. They can be great sources of collaboration and inspiration for employees of larger firms, particularly when groups are comprised of individuals across diverse, non-competing firms. You can join a pre-existing mastermind group or pay a reputable facilitator to place you in one. Facebook and LinkedIn can be useful places to start researching which group to join, or ask the executive coaches you know if they facilitate mastermind groups. But I prefer the a la carte approach to ensure it fits your business and personal needs.Think about individuals who you both like and respect and whose businessdiffer from yours.

Schedule time to talk to those individuals to see if you connect with them — and if a mastermind group would be of interest. Ask them what their goals might be from such a group to see if you're aligned. Cap your mastermind group size at four to five individuals. Though larger groups can be effective, I advise keeping the group intimate so that each person gets ample time to share.My mastermind group has solved my loneliness and creativity problems and has created some much-needed accountability for me. Give it a try in the new year and see how it goes.

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