Importance Of A Mastermind Group

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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…
No Competitors – There is not much members can benefit from a group consisting of competitors. Since all of them will want to protect their interests and none of them will be open to the problems or ideas of the others. 4. Similar Success and Experience Levels – In a case where members have different experience levels, the more experienced end up mentoring the less experienced without getting any real value. However with similar levels of experience, and each member having special expertise, all can benefit from the variety of expertise brought into the group. Create a Statement of Purpose. 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…show more content…
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 virtual. Create an Agenda and Keep time. 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 efficiently. Don’t Interrupt. Each person should be given their chance to speak without anybody interrupting unless they have a
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