If you’re wondering whether you should invest in a coach or join a mastermind group, here are the advantages and disadvantages of each option so you can make an informed decision that will best suit your needs.
What Is a Coach?
For one-on-one guidance, you may want to hire a coach. One common misconception about coaching is that it’s not for people who are self-directed and resourceful. But while they may make excellent mentors, coaches are ultimately responsible for getting their clients results. If you don’t know what you need help with, you might prefer to look into joining a mastermind group instead.
Why Coaching Might Be Perfect For You
If you’re concerned that you don’t have enough time to attend group meetings regularly and are looking for just-in-time education, coaching may be perfect for you. Your coach will tailor their schedule to your needs, allowing you to get exactly what you need at just the right time. A good coach is also flexible in setting and changing goals; they understand that there’s no one-size-fits-all approach.
What Is A Mastermind Group?
The term mastermind group was first coined by Napoleon Hill in his self-help book Think and Grow Rich. The concept comes from groups of people who gather regularly to share business ideas, support one another, provide mutual accountability and encourage each other. Being part of such a community can help you not only achieve your business goals, but also become mentally stronger through dealing with issues collectively. However, there are pros and cons to joining both types of communities that should be considered before making any decisions.
How To Find The Right Mastermind Group For You
There are many kinds of mastermind groups, and each has its own unique set of benefits. Do your research and make sure you’re getting exactly what you want out of joining one. Ask yourself questions like, Why do I want to join a group like that? and What do I hope to get out of it? While every group will have its own values and benefits (and downsides), there are some general rules you can follow when deciding which one might be right for you. The following lists break down how to find a mastermind group in each category.
How to choose between a coach or a mastermind
Both coaches and mastermind groups will help you grow as an entrepreneur. But there are also some significant differences between these two types of peer support networks. Before deciding which one is right for you, it’s important to consider: 1) your personality, 2) your goals and 3) your budget.