What is a Mastermind Group?
These guidelines and supporting information cited below are referenced from the work of Karyn Greenstreet:
How to Create and Run a Mastermind Group from www.passionforbusiness.com
copyright © 2004, by Karyn Greenstreet. All rights reserved.
What is 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. Content revealed or discussed during mastermind groups is confidential.
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, 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 an objective board of directors.
What will you get from it?
- Experience, skill and confidence
- 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?
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
How does it work?
Mastermind Groups can meet in person, on the telephone, or via online message boards. For those groups that meet in person or on the phone, typically a once-a-month meeting is scheduled. Because of the group nature, a commitment is required. Look for highly-motivated people who are willing to ask for — and give –help and support.