The Value Of Masterminds, Coaching, & Mentoring


“All achievements, all earned riches, have their beginning in an idea.” – Napoleon Hill

Hill discovered that Henry Ford, Harvey Firestone and Thomas Edison had a formal “mastermind alliance,” and met regularly in away-from-business locations, to creatively brainstorm about all their businesses and interests. These men enunciated to Hill the belief that putting their three minds together in harmonious, progressive thought multiplied their power exponentially. Hill subsequently found the same principle at work in other “mastermind alliances.”

Benefits Of Masterminds:

Creative Thought & Bigger Ideas
Friendly Accountability & Encouragement
Peer Advisory: “Sounding Boards”
Opportunity Co-Operative Alliances With Other Local Businesses In Your Mastermind Group
Tip: The power groups that we have here in PEPnet are a good example of this principle. You may want to consider incorporating aspects of this into your group if you don’t already.
Tip: Your group size can be 2-12 with the ideal size being 8.

“Coaching helps you take stock of where you are now in all aspects of your life,
and how that compares to where you would like to be.”
– Elaine MacDonald

A coach is someone that works with a client to achieve their stated goals. They help guide you in the design, implementation, and success in a given task. They help draw distinctions through probing questions.

Benefits Of Coaching:

You Can Make Faster, Better, Smarter Decisions
You Can Balance Areas Of Your Life That Aren’t Working Well
It’s About The Money: Make & Keep More Of It
Broaden Your Perspective By Reaching For More In Your Life
Tip: There are many different types of coaches that you can find to help you with your specific problems: health, fitness, finance, marketing, etc.

“A mentor is someone who sees more talent and ability within you,
than you see in yourself, and helps bring it out of you.”
– Bob Proctor

That quote really says it all. The mentor relationship is about levels. A good mentor will push you to achieve more in any given area of your life. Unlike the coach a mentor is not motivated by profit. It’s about another thing entirely. It’s more about… people empowering people.

Benefits Of Mentoring:

Work Smarter Not Harder
Rise In Levels
For The Mentor: Ignite A Spark
For The Mentor: Create A Legacy
Tip: Find someone on the same career path as you. It is always beneficial when you share the same goals
Tip: Don’t be afraid to use multiple mentors in multiple areas of your life.

Ultimately what this is all about is getting perspective, discovering new ideas, and compensating for your own personal inventory of skills. As entrepreneurs we are a unique brand of people and since we are so self reliant, we need to remember to use all the resources available to us.

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