What is a Mastermind Group?

I have been running mastermind groups, and been a member of mastermind groups, since 1984.  They have profoundly shaped my life and my business, and I'm successful because of my participation in them.

There is synergy of energy, commitment and excitement that participants bring to a mastermind group. A mastermind group offers a combination of masterminding, peer brainstorming and support in a group setting. 

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 group members act as catalysts for growth, devil’s advocates and supportive colleagues. This is the essence and value of mastermind groups.

What a Mastermind Group is NOT

• A mastermind group is not a class. While groups can vote to bring in guest speakers occasionally, the main focus of a mastermind group is sharing among the group members.

• A mastermind group is not group coaching. Mastermind groups are about the MEMBERS sharing with each other, not about the facilitator leading or coaching individuals in the group.

• A mastermind group is not a networking and referral group. While you may share leads and resources with each other, the main focus of a mastermind group is brainstorming and support.

Napoleon Hill's Definition

The concept of the "mastermind alliance" was formally introduced by Napoleon Hill in his timeless classic, "Think And Grow Rich." He wrote about the mastermind group 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."

What You'll Get From Belonging to a Mastermind Group

In a mastermind group, the agenda belongs to the group and each person's participation and commitment 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 create a community of supportive colleagues who brainstorm together to move the individuals and the group to new heights. 

You'll gain tremendous insights which improve your business and personal life. Your mastermind group is like having a objective board of directors, a success team, and a peer advisory group, all rolled into one. 

How Mastermind Groups Works

• Some groups meet in person at a specific location. Others meet via teleconference.

• Groups are often limited to a small number of members. This allows members to bond and work deeply on their goals and challenges in a small group environment.

• Members meet on a specific schedule. See the Mastermind Group Finder to find a schedule that fits your needs.

• Some groups will ask you to sign a confidentiality (non-disclosure) agreement to protect the privacy of each member of the group.

• Some groups also include a members-only message board, so that you can continue your discussions between meetings.

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