There is a powerful force behind every successful person – and that is a mastermind group. Maybe it’s not called that in every scenario. Perhaps some groups are more or less formalized than others. However, the premise is the same. There are so many benefits to a good, well-designed mastermind group, almost every other support system pales in comparison.
What, exactly, is a mastermind group?
A mastermind group is usually a small group of people, perhaps 4-10 participants, who ideally come from different perspectives and backgrounds who have one thing in common – success. Not that they have to be successful already, but they are on the road to success. They’re motivated, committed, and open to giving and receiving feedback. They have varying degrees of experience from which to draw. They choose to share resources – both internal and external. Whether they meet remotely or in person may largely depend upon their geographic locations. (In my mastermind groups, we have members from New York, Utah, California, Colorado, British Columbia, and North Carolina.)
Larger mastermind groups are also possible as long as there is ample time for everyone to share equally. This can be accomplished either by scheduling a longer time-frame or by dividing into smaller groups. Some of my colleagues hold weekend mastermind retreats! So much fun!
What are the benefits?
- Ideas and solutions
- Contacts and resources
- Honest, yet sensitive feedback
- Increased motivation
- Focus and Clarity
- Deep connections with phenomenal people
- Increased confidence
- A meaningful way to contribute
- Expanded awareness
- New skills
- A powerful way to challenge yourself to new heights
- Business opportunities and collaboration
Depending on the size of your group and schedules, mastermind groups can meet anywhere from once a week to once a year. For smaller groups meeting over the phone or internet, I recommend every other week for an hour. A larger group meeting in person for a full day may choose to meet once a quarter or every six months. However, in this scenario, it’s helpful to have an accountability partner to continue the support in between sessions. I am currently a member of two different groups – one meets weekly and the other, monthly.
In order to maintain order and organization, it’s good to have one person in charge of leading the group, one to keep time and one to take notes. These responsibilities can be rotated among the group members from meeting to meeting. Be sure to decide who is going to fill each role for the following session before you end the meeting. Otherwise, you’ll spend the first few minutes of the next meeting making those assignments!
I recommend you begin by “calling in the light”, praying, or centering – whatever you choose to call it. This is simply a joint effort to calm your minds, release any distractions, and mentally prepare for the session.
Allow all participants a couple of minutes to bring the group up to speed by sharing what’s new and good since the last meeting. This is the time to report on progress, connect with each other emotionally and bring positive energy into the space. It’s a wonderful experience to witness all of the growth and excitement during this process!
Typically, everyone would get an equal amount of time during which they can share any challenges and ask for needed support. However, there are times when someone may be faced with a particularly difficult challenge, which will require more time. Situations such as a death in the family or the loss of a job would be examples. Take a moment to ask if anyone feels they may need more than equal time and if so ask if other members would be willing to forfeit some of their time.
Once the schedule has been decided, each member is able to utilize their time-slot to address whatever area they’d like to receive support. The topic can be career, relationships, business, resources, or ideas – whatever feels present for the member. Be as concise as possible when explaining your requests so the rest of the group has ample opportunity to provide feedback.
At the end of the call, it’s helpful for each member to make a commitment to stretch. This is something they will work on or accomplish prior to the next meeting.
Why do all of this?
Napoleon Hill first wrote about mastermind groups in his book Think and Grow Rich in 1937. Mr. Hill interviewed the most successful and wealthy people of his time at the prompting of Andrew Carnegie. Mr. Carnegie was essentially the Bill Gates of the 1930’s and described his mastermind group in this way:
“We have here in this business a master mind. It is not my mind, and it is not the mind of any other man on my staff, but the sum total of all these minds that I have gathered around me that constitute a master mind.”
Mr. Carnegie strongly believed that surrounding himself with powerful minds working together toward a common purpose was one of the major contributing factors to his success. Multiple minds are more powerful than one.
There’s something magical about having a support group of motivated, success-driven individuals who share ideas and resources for the greater good. I’ve been in mastermind groups for years now and it’s amazing to see the growth and progress we’ve all made. One of my mastermind group partners recently moved to California to become a full-time trumpet player in Arturo Sandoval’s band! (Arturo is a famous trumpet player who’s won 10 Grammy’s, 6 Billboards and an Emmy.)
What about you?
What could you accomplish if you had the encouragement and support of a successful mastermind group? When others believe in your dream and are willing to contribute their time and resources to help, it brings about a whole new level of confidence.
I’d like to offer you the opportunity to join a mastermind group today. Please, reach out to me through my Contact Page and let me know you are interested and we can talk about the details!