mastermind group

 

 

Interested in joining a mastermind group? Here’s exactly why you need a mastermind group and how to create one easily to boost your productivity.

 

 

Have you ever entertained the idea of starting or joining a mastermind group?

If so, this is the perfect post for you!

So what exactly is a mastermind group?

 

A mastermind group is made of people, usually peers, who come together on a regular basis to solve their problems with input and advice from other group members.

 

It is a place to learn, teach, receive and give support, brainstorm and provide accountability to each other.

They often have weekly or monthly meetings where they share ideas, thoughts, information, resources and feedback.

A mastermind group can be made up of any type of members, from schoolteachers, to entrepreneurs to small business owners, small business owners, or others who have similar goals to each other.

 

Consider these benefits of a mastermind group:

 

 

MASTERMIND GROUP BENEFITS

1 – New ideas.

 

Two heads are better than one.

Ten heads can be even better.

If you need help finding a solution to a challenge, a mastermind group can be a great help.

  • You can also learn from each other. Everyone in the group has something to teach the other members and value to share.

 

MASTERMIND GROUP BENEFITS

2 – Support.

 

Do you need emotional support or encouragement?

Do you need an expert to help you with something?

A mastermind group can provide that, too.

 

MASTERMIND GROUP BENEFITS

3 – Access to new partners.

 

Maybe you need a business partner or someone to collaborate with.

Maybe you’re looking for a play dates or help with homeschooling your child.

Mastermind groups often have members that are looking for opportunities.

 

MASTERMIND GROUP BENEFITS

4 – Social circle of like-minded people.

 

Many of your mastermind group’s members will be just like you.

You all have a lot in common.

You can add significantly to your social circle by joining or starting a group.

 

MASTERMIND GROUP BENEFITS

5 – A new level of thinking.

 

A mastermind group can expose you to others that have achieved much more than you have. All of a sudden, your goals might seem a little small and conservative.

 

You’ll strive for greater levels of success when you’re part of a mastermind group.

 

Remember you are the average of the five people you spend the most time with.

 

MASTERMIND GROUP BENEFITS

6 – Accountability.

 

Everyone in the group knows what you’re working on.

They’ll hold you to your plans.

Remember to get ahead you will need to accept responsibility for your actions, be accountable for your results and take ownership of your mistakes.

 

It is not only what we do but also what we do not do, for which we are accountable. Moliere

 

If you hang out with chickens, you’re going to cluck and if you hang out with eagles, you’re going to fly. Steve Maraboli

 

Accountability is the glue that ties commitment to the result. Bob Proctor

 

Thankfully there are so many mastermind groups already in existence.

Do your best to see if there is one that suits you online – hopefully there is a group that meets your needs.

 

If you can’t find a group, you can start one!

 

Creating a Mastermind Group

 

These tips will help you get started:

 

MASTERMIND GROUP TIPS

1 – Decide on the topic and purpose.

 

When you advertise or contact prospective members, it needs to be clear what type of person you’re looking for.

Is your mastermind group for internet marketers or stay at home dads?

What are you hoping to accomplish with the group?

 

 

MASTERMIND GROUP TIPS

2 – Seek out members.

 

They should have something to offer and should receive benefits from being part of the group.

 

  • Be picky. Your mastermind doesn’t have to be big.
  • Focus on quality over quantity. Seek to build a high-quality group with high-quality members.
  • Look for people with different skills. The members should be similar, but not clones of each other. For example, your group might be focused on real estate investing. It would be nice to have a builder, a banker, and a broker in the group.
  • Members should have similar levels of commitment. Try to ensure that everyone has the same level of drive as you do. A group with both super serious and very casual members will be dysfunctional.

 

MASTERMIND GROUP TIPS

3 – Determine the frequency and format of meetings.

 

How often will you meet?

How will the meetings be conducted?

Will it be online or in person?

Will one person run the meeting?

Will it be the same person each time?

These details should be decided by all the members.

 

MASTERMIND GROUP TIPS

4 – Expect everyone to contribute.

 

People shouldn’t be allowed to just gain a benefit from the meetings.

They should be expected to also provide value to others, too.

That is how the group will flourish!

Give everyone a chance to speak and contribute.

 

All in all, I encourage you to find a mastermind group that suits your needs.

 

If it isn’t suitable keep looking until you find one that you click with.

If all else fails, don’t be afraid to start your own group.

 

A mastermind group can greatly speed up your progress, regardless of your objective.

 

Take the plunge and get started with one today!

 

Mastermind and collaborate with other smart entrepreneurs if they have futures that are even bigger than their present. Yanik Silver

 

Deliberately seek the company of people who influence you to think and act on building the life you desire. Napoleon Hill

 

No man can become a permanent success without taking others along with him. Napoleon Hill

 

 

If you enjoyed this post, please feel free to share it!

 

mastermind group mastermind group

 

Before you go…

  • If you are wanting to create new great money babits, I have a great free habit tracker here for you.
  • You can check out my list of favorite must-read money books here.
  • If you want to know 365 excellent savings hacks check out  THE SAVINGS HACKS BIBLE.
  • THE LIFE HACKS BIBLE is for dream-chasers wanting 1001 tips to save you time, stress and money.
  • Finally if you want to stay in touch feel free to join our MAMA LOVES MONEY TRIBE for your weekly dose of inspiration. The mere fact that you are here right now means you would be perfect fit!