Mastermind Group

Mastermind Group —Your Access to a Board of Advisors

Imagine having access to a board of advisors of experienced business people and professional coaches that can provide access to tools, knowledge, advice and give you the accountability needed to spur you on to greater achievement. A Mastermind group gives you all of that and more through the mutual support and participation of its members. This blog posts presents the mastermind concept and outlines how you can find or start your own group.

A Mastermind Group is made-up of people who come together on a regular basis to share ideas, provide information, offer resources and give you accountability that you otherwise wouldn’t have. Although the review and discussion of books and other resources can be the focus of specific meetings, the focus should be based on the relationships between the members and not any particular agenda. This concept has been with us a long time from King Solomon’s councilors, Ben Franklin’s Juto Group, Your local Rotary Club, Corporate Board of Directors, etc … The term mastermind was brought forward by Napoleon Hill in the 1930’s. Watch his talk from the thirties. Modern technology through online video chat, email lists and shared notes can facilitate the group, but the real benefit comes from the support of like minded people.

Mastermind Meeting Format

Each group can develop its own format, this is what I found works well for a regular weekly or bi-weekly 90 minute meeting. Each meeting a member is designated the host and another is in the hot seat. At the start of the meeting each member in attendance is given an opportunity to “check-in” and bring the group up to date on their activities and accomplishment over the previous week. The hot seat member will then discuss an issue or idea from their own business or can present an article, video or other resource for the group to discuss. The hosts will make sure that everyone gets a chance to speak and the meeting stays on course. At the conclusion of the meeting each member presents one take-away and makes a commitment for action for the next meeting.

Finding a local face-to-face meeting place and time can be difficult. Using Google Hangouts for group video chat works really well and using a private Google Group to facilitate interaction between meetings through email will keep the group functioning. Attendance is expected. If a member has to miss a meeting they should inform the group before hand. If a member is a no-show an attending member will follow-up to make sure all is well.

Starting/Joining Your Own Mastermind Group

The group needs some structure and leadership. It is important to take the time to write out a purpose or goal statement. The group should be a source for mutual support, encouragement, accountability and confidentiality. Building a community of trust is important to achieve the groups full potential. A group may start out focused on a specific business issue or processes, but many groups quickly expand to all the issues we face in achieving results in business as well as health, fitness and other personal goals.

Set the maximum number of members. A maximum of 8 or less gives each member time to talk and limits the creation of sub-groups. Have a processes to accept new members, weed out members that are not working out and set an expectation if a member is leaving the group they should say their goodbyes. To get started find a like minded co-founder that will share the startup and leadership roles. Each of you invite 3 more people and you are on your way to your first meeting. Many on-line business communities provide forums to seek out mastermind groups, business coaches often organize and facility groups for a fee.

SnoCoach facilitates the launching and ongoing support of Mastermind groups focused on snow sport instructors. Leave a message on our Contact Page and we will get back to you about the next group that is forming.

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