Is a Mastermind Group For You?

Selecting the Right Members

No mastermind group will function for long if people are not willing to make a sustained commitment to the group. Commitment comes in two forms: the first type of commitment means showing up for every meeting without excuse, and second type of commitment is to the mastermind group process. Balanced Two-Way Sharing – The true benefit of a mastermind group is the brainstorming that happens when one member presents a problem, challenge or decision, and the entire group gets involved with the discussion. The best members are those who are willing to both ask for help and give help. Sometimes you will find members who either want to hog the limelight, or who never ask for help at all. Finding members who will participate in a full and balanced way goes a long way towards making a successful group. Follows the Guidelines – Every mastermind group should have written guidelines about what’s acceptable behavior. Group members should vote on these guidelines so that everyone is in agreement, and every group member must abide by the guidelines. Remember, you are trying to create a spirit of harmony and trust with your mastermind group; guidelines help to set the boundaries and create a safe place for everyone.

No Competitors – It is impossible for someone to be open about their problems, or about their great idea, if one of their competitors is listening in. So when selecting our mastermind group members, we will be diligent about the connections between people.

We will endeavour to find people who have similar levels of experience and success, and if possible, try to find people who have some special expertise that they can bring to the group. If each member brings their expertise to the group, the group wins.

Mastermind groups create a win-win situation for all participants.

Who Should Attend a Mastermind Group?

People who:

  • have a similar interest (such as a group for self-employed people, first-time authors, CEOs, real estate investors, 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

Your Commitment to Your Mastermind Group

Because of the nature of a mastermind group, a commitment is required.

New mastermind group memberships require a commitment for a specific period of time, sometimes three months or more. Why? Because the best groups — the most effective and bonded and helpful groups, the groups that help each individual to move rapidly toward their dreams — are ones that stick together for at least three months.

In short, the more often you participate and the longer you participate, the more you will get out of the group.

Mastermind groups look for highly-motivated people who are both willing to ask for help and support, and are willing to give help and support to other people. Groups are looking for people who are ready to commit several hours per month to their own personal and business growth.

With thanks and acknowledgment to:

  • Karyn Greenstreet