A Mastermind group challenges its participants in a supportive environment to brainstorm ideas and create goals in a setting of respect, honesty and compassion. The participants of a Mastermind Group act as devil’s advocates for ideas and catalysts for growth.

Napoleon Hill, the author of ‘Think and Grow Rich’ defined the Mastermind Group principal as, ‘the coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony. No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind.’

The value of a Mastermind group is that you will gain incredible insights, which will improve both your business and personal dealings. The group acts as a personal board of directors.

You will gain a range of things from involvement in a group such as this. You will get good business advice, coupled with new skill and increased confidence. A Mastermind group becomes an important support network, which creates a sense of shared endeavor.

Each Mastermind group will differ depending on the participant’s interests and goals. Create your own group bearing these following things in mind:

Find People for Your Mastermind Group:

  • Who have similar interests
  • Who have similar or complimentary skills
  • Who enjoy a similar amount of success in his or her fields
  • Who have the desire to participate in such a group
  • Who have clear goals they want to achieve or exceed
  • Who are ready to deal with the fear of change

Mastermind groups can meet in a range of ways depending on the time commitments and relative ease with communication technology. Groups can meet in the traditional way in person or via telephone, Skype or online message boards. Generally a meeting is organized to occur once a month. Make sure the members of the group are highly motivated and keen to participate in all of the meetings or regularly online.

Mastermind groups can be a fun, motivating and insightful way to make connections with other people and improve all aspects of your life and business. Creating your own Mastermind group is well worth considering if you have the drive, time and passion to exceed your goals.

Short on time to coordinate and run your own Mastermind Group?

Consider coming along to one of the professionally coordinated Business Growth Mastermind sessions hosted by David Guest and his team.

Find out more about Business Growth Mastermind