I’ve been running mastermind groups since 1995, and I’ve seen groups of all sizes. Some as small as four and some as large as 150. However, there is an ideal size for your group.
Ask yourself these questions before deciding how many members should be in your mastermind group:
Meetings need to have to begin and end on time, and many meetings that run over 90 minutes can run out of steam without frequent breaks. Yet breaks also cause interruption of the energy levels. So first decide how long each meeting will be, then go on to Question 2.
Members need time to first verbalize their situation before masterminding can begin in earnest. Some members are quick and can sum it up in five minutes or less. Others need 10-15 minutes just to set the stage. Then you need time to brainstorm after that.
We did an experiment in one of my mastermind group meetings recently: we had a non-timed meeting, just to see what would naturally occur. Thirty minutes per member was our average time for each Hot Seat. (That was with a group of seasoned masterminders who knew how to get the most out of every meeting.)
Remember that your meeting typically includes some sort of opening and closing, as well as possible guest speakers, training or other events. Allow time for those in your mastermind group agenda, then plan accordingly.
In my mastermind groups, I tend to look for 4-8 members per group. Less than four and the energy level can drop (though I know several very successful mastermind groups with three members in them!), and more than eight members will probably cause you to run out of time.
However, if you’re doing half-day or full-day meetings, you may be able to include more members. First choose your times and your agenda, then figure out how many members can fit into that structure.
I knew you’d ask that question! There are lots of ways to organize a “mega” mastermind group, but that’s a whole other blog post to be written in the future! 🙂