Why Mastermind Groups Are Essential for New Business Owners

Unlock Success and Growth

Building a business is tough work, especially in the early stages when challenges seem to come from every direction. But there's a secret that successful leaders like Walt Disney, Franklin D. Roosevelt, Oprah Winfrey, Mark Zuckerberg, Bill Gates and Thomas Edison knew—a secret that can also help you build a business that outlasts you: the support of their peers in Mastermind Groups for business success.

Long before Napoleon Hill popularized the term Mastermind Groups in Think and Grow Rich. Business magnates like Andrew Carnegie, one of the world's richest men, and Benjamin Franklin, one of the founders of the United States, among his many accomplishments, used the power of groups of their peers for growth. And today, they can help you do the same.

Why Mastermind Groups Matter for New Business Owners

At AGame Masterminds, we believe in the power of community and collaboration. Our mastermind groups are more than just regular meetings—they are powerful networks of like-minded business owners who come together to share experiences, expertise, resources, and support, all in the spirit of helping each other achieve their business goals.

Here’s why joining a mastermind group could be one of the best decisions you make as a new business owner:

1. Leverage the experience of your peers to increase the chance of success.

Statistics show that nearly 20% of businesses fail within their first year, which jumps to 50% within five years, showing what you already know: Business is tough.  There are so many things you need to learn and challenges you face. By being part of a mastermind group of like-minded business owners, you tap into the collective wisdom of those who are navigating the same bumpy waters as you.  Rather than going through all the different scenarios yourself, you can use the experiences of those who are going through or have been through these challenges. Whether you’re brainstorming solutions to a critical problem or seeking feedback on a new idea, mastermind groups provide a support system that significantly boosts your problem-solving capabilities, increasing your likelihood of success, and avoiding being a ‘statistic’.

2. Further faster - accountability to achieve your goals.

Studies have found that committing to another person increases your chances of achieving your goals.  In the book Atomic Habits by James Clear he suggests that accountability is a powerful tool in building good habits by adding a social cost to poor behaviour.

When you join a mastermind group, accountability becomes a powerful tool for executing actions and tasks that move you closer to achieving your goals. The regular check-ins and shared progress updates keep you motivated and on track, making it more likely that you’ll achieve even your most challenging business goals and go further, faster.

3. Enhancing Your Network and Opportunities

There is a saying that “your network is your net worth”, and it’s not just about the quantity of connections in your network; it’s about the quality. In a mastermind group, you surround yourself with passionate, driven entrepreneurs who inspire you to aim higher. 

The relationships you build here often lead to new opportunities, partnerships, and collaborations that can take your business to the next level.

How to Choose the Right Mastermind Group for You

Finding the right mastermind group is crucial, and, as with most things, as Simon Sinek suggests, you Start with Why.  At AGame Masterminds, we help small business owners like you align with groups that focus on building resilient businesses who are playing the Infinite Game. Here’s how you can find the best fit:

• Check for groups that align with your purpose: Choose a group that aligns with your business mission. If your goal is business resilience and long term growth, look for a mastermind that prioritizes growth without burnout, much like our PLAY Mastermind System.
• Check out the options: There are many groups out there and not all mastermind groups are equal. Look at the  facilitators, the structure of their meetings, if possible talk to current or past members. The right group should offer you real value and support your growth in your current journey as a business owner.
• Check out your commitment: Find out what is expected of you in the group. Talk to the facilitator to find out the rules and expectations.  A good group will encourage active participation and mutual support and require open minds and non-judgemental feedback, much like the collaborative spirit we foster in AGame Masterminds.

The Build to Outlast Mastermind from AGame

At AGame Masterminds, we don’t just bring people together; we create a space where new business owners can thrive. Our mastermind groups are built around the values of PLAY, COLLABORATION, MASTERY, RESILIENCE, and SIMPLICITY. We focus on helping you transition from passion to profit, adapt to challenges, and grow your business sustainably.

Whether you’re looking to overcome specific challenges, develop new skills, or simply connect with other entrepreneurs on the same journey, joining a mastermind group could be the game-changer you’ve been looking for.  We occasionally open up new groups, or have spaces on existing groups.  If you’d like to be on the waiting list when that happens, and be first in line for a place,  then sign up here ...