Napoleon Hill wrote about the mastermind group principle 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, which may be likened to a third mind the master mind.”
Mastermind groups offer a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills. A mastermind group helps you and your mastermind group members achieve success.
Participants challenge each other to set important goals, and more importantly, to accomplish them. The group requires commitment, confidentiality, willingness to be creative and brainstorm ideas/solutions, and support each other with total honesty, respect and compassion. Mastermind group members act as catalysts for growth, devil’s advocates and supportive colleagues. This is the essence and value of mastermind groups.
Mastermind Groups are not:
- It’s not a class. The main focus of a mastermind group is the brainstorming and accountability support among the group members.
- It’s not group coaching. Mastermind groups are about the MEMBERS sharing with each other, not about the facilitator coaching individuals in a group setting. You get feedback, advice and support from everyone in the group.
- It’s not a networking group. As a result of working with each other and connecting you will find opportunities to work together BUT this is not the main objective.
Are you ready for a Mastermind Group? Check out this article – Is mastermind right for you
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