What is a Mastermind Group?

Great things happen when humans put their minds together and push each other to achieve greater heights. When humans come together, they can build skyscrapers, create democracy, and win championships. It seems that when it comes to the success and greatness of humankind, we simply operate better as a group, rather than alone.

This is the heart and soul behind the concept of a Mastermind Group. It was in 1937 that famous writer Napoleon Hill wrote his classic, ‘Think and Grow Rich’. This book spoke about the benefits of a ‘master mind’. The general concept was that no two individuals could come together for a purpose, without creating a third ‘force’ from their thoughts. A sort of third ‘mind’ that evolves from the combination of their focused efforts.

This idea has carried over into many aspects of corporate, and team building thought processes over the years. There is an undeniable benefit that comes from gathering a group of like-minded individuals together to achieve a united purpose. In a Mastermind Group, each member will propose ideas, play devil’s advocate, support, and hold accountable the other members of the Mastermind Group. In the Mastermind Group, each member’s participation is absolutely crucial to the success of the group.

The fundamental concepts that are built around the Mastermind Group method of team building and problem-solving can be found in a wide range of operations. From corporate offices to professional sports teams and artistic conglomerates. Whether they realize it or not, humans have a natural tendency to come together and help make each other better through various methods of brainstorming, and idea-sharing. This is the Mastermind Group idea.

What Can You Expect to Get Out of a Mastermind Group?

The benefits of assembling a Mastermind Group for your projects and team can be numerous. When every member of the Mastermind Group participates to their fullest ability, you can expect to glean a lot from the conglomerate. Just a few of the main benefits you will find from forming a Mastermind group are:

An instantaneous, and stable support network of individuals who all care about the success of the greater whole.Access to the skills, and experience of other individuals in the group instantly, and effectively. Enforced confidence in your ideas, solutions, and concepts being proposed to the group. Accountability from a group effort that will keep you on track, and focused on your goals in your personal life, as well as your professional life. A sense of belonging, the Mastermind Group will help you realize that there are others who share your same goals and desires. Help in creating, and designing things the way you want them. Your goals and ideas will be more easily realized with a Mastermind Group behind them. An increased, and positive boost to your overall mental health when tackling difficult solutions and ideas.

When everyone in the Mastermind Group comes together to do their part, everyone within the group should be receiving all of the above-mentioned benefits. However, there should still be some amount of care placed into who is in the group, not just the ultimate goal. Which leads us to the next step in the process of assembling a successful Mastermind Group.

What Type of Person Can Benefit From a Mastermind Group?

The bottom line is, anyone with a goal to achieve can draw benefits from being involved in a Mastermind Group. Whether you are a first time writer, a tech entrepreneur, or a real estate investor you will be able to find a host of benefits from a group of like-minded individuals who can help you succeed. The successful Mastermind Group will open itself up to members who are:

Goal-oriented, and willing to help others to achieve their goals in turn. Have similar interests as the rest of the group as a whole. Have a desire to inspire, and draw inspiration from their fellow group members. Take advantage of the unique support system that a Mastermind Group will offer. Have a genuine desire to exceed, and accomplish the goals they have established upon joining the group. Are fearless in their pursuit of success, and do not let obstacles stand in the way of achieving their goals. Do not fear change, and are willing to open themselves up to the change, adaptability, and proposed ideas of the group.

At the end of the day, a successful Mastermind Group will draw success from other individuals who all have the same mindset. If there are ‘weak links’ in the group, you will not be drawing the full potential from the group forth. Instead, you will find that the success of the group is severely hampered. It is important that the Facilitator of the group (the member entrusted with assembling and targeting the focus of the group as a whole), chooses members who are all committed to excellence, and full enthusiastic participation.

How Does a Mastermind Group Operate?

Modern technology has made the formation of a Mastermind Group even easier than ever. Whereas, pre-digital age, Mastermind Groups would be limited to individuals in their immediate geographic area. Now a Mastermind Group can be formed across borders quite easily. Mastermind Groups can take advantage of a wide range of digital solutions to hold their meetings. They can be hosted via video conference calls, mobile messaging apps, social media groups, and more.

The Facilitator of the group will be expected to compile a meeting agenda, in which everyone will have the chance to voice ideas, concerns, provide feedback, and constructive criticism. The agenda of the meetings should have a focus on keeping thoughts, and ideas organized, and not allow things to go too far off-topic.

By the very nature of a Mastermind Group, the success of failure of group meetings depends solely on the participation of its members. This is why it is imperative that the Facilitator only choose individuals who have a willingness to contribute to the group in their own unique ways. The rest is ultimately left up to the group and how they prefer to organize themselves.

A successful Mastermind Group will be able to bring out the best of its participants. It will help to focus and target the goals of each member, as well as provide valuable feedback and ideas to help achieve their goals. In the end, a Mastermind Group should always be for the benefit of everyone involved, and help to produce success for everyone.

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