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Essential Elements Of A Very Powerful Mastermind Group
A mastermind group is a fantastic tool for success and creates a group of like minded people that support each other. The group becomes a sounding board for ideas and acts as a personal advisory board.
A mastermind group is a fantastic tool for success and creates a group of like minded people that support each other. The group becomes a sounding board for ideas and acts as a personal advisory board.
The number of people to start a group with may vary. I would avoid groups that are too small (1-4 people) and start with at least 5 or more. 8-13 is an ideal number and prevents group disintegration caused by people moving or losing interest.
Consistency is key when selecting a date and time of the week to hold your group meetings. People tend to follow a routine, so having it at the same time and place helps with regular attendance.
A great location to hold a meeting is free from distractions. Attempt to have it in a place where kids are not playing and have people turn their cell phones off and focus on mastermind group. We have had great success using library meeting rooms and peoples homes that don’t have kids.
The initial mastermind group meeting should give an overview of what is to be expected for the meetings. It should also establish the ground rules of how the process works. People should be encouraged to show up every time unless of an emergency or something unavoidable.
I recommend starting the mastermind group with a 10 week study on the book Think and Grow Rich by Napoleon Hill. This book really lays a great foundation of principals of success. We have had incredible success with groups using this book and creating amazing results.
The time the meeting should last should be at least an hour and not to exceed 1 1/2 hours. Prevent one person from doing all the talking and keep the conversation moving using everyone at the meeting for different ideas.
Each person should come to the meeting with the idea of contributing to others. Being about others in the mastermind group is powerful because it creates a situation where each person has a group contributing to them and their life.