Mastermind Group Research Paper

703 Words3 Pages

How start and run a Mastermind Group that works Starting a mastermind group may entail the following steps Pick a Topic. If you are new to mastermind groups, it is advisable to choose from some specific aspect of your life like career, school, or some other broad area that you would like to improve on. However there is no limitation on the specific areas to pick from. Pick your Partners. The kind of partners will greatly impact the success of the group. Hence it’s important to screen the partners and come up with a combination that will yield the intended results. The following are some factors to consider: 1. Commitment –Members must portray a consistent willingness to be involved in the processes and activities of the group. 2. Follows …show more content…

It’s important that the group defines its intention; the ‘why’ of forming the group. This helps them keep on track since there is clarity on what they want to get out of the group. Apart from a clear summary of purpose for the group, the statement should include the priorities of the group. If your group is for women or certain income levels, it should be made clear here. The following is an example of a mastermind group statement of purpose: The XYZ Mastermind Group is a group of proactive entrepreneurs who meet monthly to brainstorm, problem solve, create and share collaborative opportunities, increase our collective profitability, positively impact and shape our local community. Establish Basic Rules of Engagement. A few of these may include: (1) be on time for each meeting (2) be prepared for each meeting (3) keep confidences (4) the proper process for exiting the group (5) the proper process for asking people to resign for violation of any of the rules. Decide When You Will Meet. Monthly Mastermind meetings are the *absolute* minimum for effective results. For virtual Masterminds, once a week is ideal because the frequency helps compensate for the fact that it’s …show more content…

Before the meetings are scheduled there must be prearranged set of items to be tackled, where each item is strictly assigned a particular amount of time. Require Honesty. The members must be open about their challenges and struggles. Pretending to have it all together may deem the formation of the group a waste of time. However, confidentiality of information must be emphasised and put in writing. Invite a Special Guest occasionally. This helps break up the monotony and injects some new ideas into the group. Tweak as You Go. The group should be firm in its mission and rules, but not so firm that things cannot be changed. Meet Regularly. Meeting should be scheduled regularly to ensure progress and focus. Give each member equal time. This will ensure that time is spent

Open Document