IMN Amsterdam is part of the International Millionaires Network. We are a group of positive-minded entrepreneurs and help each other to succeed. Annual membership is $ 35,99 per year. In addition to the local meetings, we organize online meetings and webinars. Our members are also welcome to attend meetings organized by our chapters in other countries.

The IMN mastermind group meet together to share their insight to help solve another member’s problem. Essentially, it’s a group that offers its collective input and experience to help another member succeed. Join once or every week!

Our group meets once a week. And the way these mastermind meetings go depends on the week and how we’re feeling. For example, sometimes we’ll each share a big win from the past week, one person will go on the hot seat to explain what they need input on, and then we’ll end it with everyone saying their goals for next week. And honestly, sometimes we don’t go through our agenda. We just talk about the business we’re currently working on and brainstorm ideas for the person to navigate it successfully.

1) Grow your network

An obvious benefit of a mastermind is the opportunity to connect with other entrepreneurs. You never know when you’ll need to ask a favor from someone in your mastermind or get connected with a friend of theirs. That’s actually the bonus out of networking which most people don’t consider. You not only gain a new person in your network but you also usually add everyone they know to your network. So it pays to have a network of people who want you to succeed. And a mastermind group certainly fits that bill.

2) Gain accountability

We regularly preach about the importance of accountability. It just works in any space where you set a goal, such as working out, sticking to a diet, relationship success, or (in this case) growing your business. Here’s why. Not many people are going to commit to something knowing people are going to ask them about it later, and then completely not do it. If they don’t follow through, the legitimacy of their word takes a big hit. And we all desperately care what other people think.

So join our mastermind group to use this tendency in your favor. That’s why extra accountability is a big advantage of sharing your goals with other business owners.

3) Receive new insight

Maybe the beauty of working in a group is a diverse range of opinions. That’s what I would normally miss out on currently as a solopreneur. But the mastermind also solves this problem for me and my guys. Just from these extra brains at the table, I’m able to receive new insight (and share my insight) to solutions that I never considered on my own.

For example, this new insight may look like this:

Person 1: “Yeah, I’m really struggling with the right way to launch my new product.”

Person 2: “I used to struggle with that. Until I learned these three tactics and my launches have produced huge profits ever since. Here’s what you do…”

Then it’s problem solved for Person 1 because they just need to do what’s recommended to them to get unstuck. Without this new insight, they would probably waste valuable time and money.

4) Collaborate together

It’s a natural progression to go from hearing about someone’s business idea and offering to go in on it with them. As you imagine, this happens more often than normal in a mastermind group of entrepreneurs.

For example, say a coder is coming out with an app and needs help selling it. If they have someone who excels at marketing and sales in their mastermind, the coder is going to hire that person first since they’ll be at the top of their mind.

And in my mastermind group, the other two guys just teamed up to work on a dropshipping store. One guy has more drop shipping experience, and the other guy is better at SEO. They now have double the brainpower on their project compared to one individual.

5) Be encouraged

It’s always encouraging to be with like-minded people who are chasing the same goals as you, especially as an entrepreneur. First, being an entrepreneur means you’re often failing. That can get you down if you don’t realize success and failure go together. So it’s nice to get encouraged by others who are also failing next to you. Second, as I mentioned, it can be a lonely profession before you’re big enough to build a team. Meeting with a group of guys or girls feels like you’re in this together because you are. That’s a nice reminder. And encouragement and positive vibes go a long way in the dog days of the grind.

6) Discover new ideas

Different entrepreneurs coming from diverse places are going to bring unique thoughts to the table. This very often turns into each member of the group learning new business ideas to implement in their own business, or ideas to start a new venture.

Continual learning is key to success and just another benefit of joining a mastermind.

7) It’s a great time

Whether you’re a hard-nosed entrepreneur who thinks there’s no time for fun or you’re a jolly old chap always looking for a good time, it’s proven that you’re going to be more successful in business when you’re enjoying it. Amidst all the serious talk and difficult brainstorming sessions, there are a bunch of jokes, laughs, and smiles that make life better. Plus, these people become good friends since they know so much about your business and daily life.

So a mastermind group can both boost your business results and happiness during the process. There’s not much more you can ask for from anyone or any group.

Find more about our members on our youtube channel!