Are You Part of a Mastermind Group?

I’ve recently discovered the idea of a Mastermind group, and I have to say, this really resonates.

If this idea is new to you, here’s a description of a Mastermind group.

“There is synergy of energy, commitment, and excitement that participants bring to a Mastermind Group. The beauty of Mastermind Groups is that participants raise the bar by challenging each other to create and implement goals, brainstorm ideas, and support each other with total honesty, respect and compassion. Mastermind participants act as catalysts for growth, devil’s advocates and supportive colleagues.

The concept of the Mastermind Group was formally introduced by Napoleon Hill in the early 1900′s. In his timeless classic, “Think And Grow Rich” he wrote about the Mastermind principle as:

“The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.”

He continues…

“No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind.”

In a Mastermind Group (also known as a peer advisory board or brainstorming group), the agenda belongs to the group, and each person’s participation is key. Your peers give you feedback, help you brainstorm new possibilities, and set up accountability structures that keep you focused and on track. You will create a community of supportive colleagues who will brainstorm together to move the group to new heights.

You’ll gain tremendous insights, which can improve your business and personal life. Your Mastermind Group is like having a objective board of directors.

What Will You Get From It?

  • Answers and ideas, which come from brainstorming with the group
  • Experience, skill and confidence
  • Accountability and real progress in your business and personal life
  • An instant and valuable support network
  • A sense of shared endeavor – there are others out there!
  • Design things to be the way you want them to be, not as you’ve been told they “should” be

Who Should Attend a Mastermind Group?

People who:

  • have a similar interest (such as a group for self-employed people, or a group for spiritual thinkers, or a group for people in a certain corporation or industry)
  • have a similar skill and/or success level
  • have the desire and inspiration to make this year extraordinary
  • want a supportive team of Mastermind partners
  • want to reach or exceed their goals
  • are ready to let their desire to be passionate about their life and work overcome their fear of change

This is an excerpt from How to Create a Mastermind Group.

Are you part of a Mastermind group? If so, tell us about it. How many people are in it, how often do you meeting, etc.

About Frank Viola

See my About page. Disclosure of Material Connection: Some of the links in the post above may be "affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.” Google+

  • http://LiveIntentionally.org Paul Steinbrueck

    Awesome!

  • http://frankviola.com/ Frank Viola

    Just started one. First time evah.

  • http://LiveIntentionally.org Paul Steinbrueck

    We met weekly for ~90 minutes. The group was specifically about online marketing. There was not a lot of structure to it. At the end of each meeting we would pick a topic for the next meeting (if we remembered).

    I think developing a good format for the meetings is one of the biggest challenges b/c people have different ideas of what they want. Is it going to be open discussion on a specific topic? Is there going to be 1 presenter? Is everyone struggling with the same issue and we’re all going to research solutions and everyone contribute ideas? Is there going to be accountability?

    If I was leading a mastermind group, I would probably try structuring it like this initially:

    - 30 minutes where 1 person leads the discussion on a topic where they have expertise
    - Followed by 15-30 minutes open for discussion on any topic (e.g. “I’m trying to do this, anyone have any suggestions?”) When big topics come up, we would schedule as the main topic for a future meeting.
    - Followed by 15 minutes for accountability – asking “What’s 1 task you’re going to do in the next week?” and “How did you do on your task from last week?”

    Then I’d seek feedback and tweak where we could improve.

    Frank, are you thinking of joining or starting a mastermind group?

  • http://frankviola.com/ Frank Viola

    Thx. Paul. can you share how often you met and what sort of things you talked about? And if you had an agenda for each meeting, etc.?

  • http://LiveIntentionally.org Paul Steinbrueck

    I was a part of a mastermind group for several months at the end of last year and beginning of this year. There were 5 of us and we met weekly via skype video. It was extremely valuable, and I only stepped out of it because another member of my team was also participating and we decided only one of us needed to be a part of the group. Through the group, I learned some things and took some action steps that have had a big impact on our organization.


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