Jeremy Shapiro, serial entrepreneur and facilitator of the Bay Area Mastermind, touts the power of community for business owners and explains why giving advice is as valuable as getting it.
What inspired you to help other business owners?
I’ve always been an entrepreneur at heart. My last “job” was in high school; I left it to start my first of many businesses. Everything I’ve done since has been focused on helping entrepreneurs grow and scale. In that process, I’ve been part of many mastermind groups, which have been invaluable to me personally and to my businesses.
What are mastermind groups?
They are based on Napoleon Hill’s groundbreaking 1937 book Think and Grow Rich. It has a chapter called “Power of the Master Mind,” where he explains that when you put two or more people together, the output isn’t merely doubled—it’s multiplied. That’s what mastermind groups do around the country for business owners.
In general, there are two categories: guru led and peer led. With the former, people soak in as much of an expert’s thoughts as possible, reading their book, taking their course, going to their live event, and signing up for their coaching program. The biggest score is to be in a closed-door group with them, hoping their magic rubs off on you. I’ve been part of such groups, and they have immense value.
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