Mastermind groups have been around for centuries. Most people directly connect the mastermind to Napoleon Hill's book "Think and Grow Rich". Rich men in the 1900's were studied and among the most common practices of those men, was that they all partook in a mastermind group. The intent was to help each other solve problems and move forward with their goals.
If you are an entrepreneur, odds are you work from home and spend a lot of your time alone trying to figure out how to grow your business. If that sounds like you than the mastermind model could be an ideal fit, as it is designed to connect you with like-minded people.
So what exactly is a mastermind? And is it right for you?
Below are six elements of a mastermind group. This will give you an idea of how they work and whether or not you’d like to form a mastermind, or join one.
A Mastermind moves you and your business forward
To be clear, a mastermind is VERY different than a support group. Suport groups are designed for support and conversation around your support. A mastermind group is not a support group it's an "education and take action" group.
A mastermind is about exceling and moving forward while helping others in the group do the exact same thing. Even if the goal is simply “to be happier in your career or life,” the mastermind group is about forward motion, not healing or worrying about the past. To continuously have forward movement, all members have to hold the same level of energy, and set an intention to keep that momentum!
Whining is not an option!
At Mastermind Elite, each person gets 5 minutes to present their vision to the group. The person presents their current goals, dreams, and, most importantly, challenges. Members may express some general frustration regarding their situation. There is no room for whining or staying stuck, mastermind is designed to move you forward. Your positive mindset is a huge part of the mastermind and it's crucial for your success.
Get out of your comfort zone
If you want to stay in your current comfort zone, understand there is no room for growth. You must be willing to get out of your comfort zone to excel. Truthfully one of the biggest reasons people join mastermind groups is because they are feeling stuck, needing help or simply don't know what to do next. In order to get out of any of those three things, you need to get out of your current comfort and start exploring your options, learning new things and buiding relationships with strangers. Masterminds are effective because they require you to expand beyond your old limits.
Team spirit is contagous- it's time to be accountable
There is nothing worse than walking into the same room month after month, or week after week and not having your 'to do' list done. However, when you walk into a room full of people who all have it done, it makes you want to complete yours that much quicker, and that much better. Masterminds are designed to hold people accountable. Each group meeting you get a chance to discuss what you accomplished and what you didn't. The group is there to cheer you on and give you that added push when needed. In order for the mastermind to work members must work and grow in harmony, this method is designed to encourage you to participate as an equal and in turn grow your success.
It's time to start sharing your ideas...and having people share theirs too!
There is an abundance of resources in just about every community and even more when you venture into the online world. The trouble can often be that time isn't on your side and how will you guage if a system, product or article is worth your while? The simple answer is to get referrals and learn about resources others have used. This is a huge time saver and can save you a tone of money in the long run. The members of the mastermind will support you by sharing their ideas, resources and connections to take you one step futher during the planning process of your business goals. This is a huge benefit to taking part in any group.