The Power of a Mastermind Group – Part 1

I wrote the following article on masterminds with one of my mastermind partners last year for our other website. We call ourselves the “Triad”, simply because there are 3 of us on the team.

This article discusses our experience with mastermind groups,  what a mastermind group is and how to form a mastermind group. Part 2 will describe how to start a mastermind group and measure its success.

What is a Mastermind?

A mastermind group is the “Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.” – Napoleon Hill.

A mastermind is the coming together of different people in a relationship. We’ve all heard the saying that “two heads are better than one”. Well, imagine what happens when you bring together two heads or more to create a team to work on a problem! The concept of a mastermind is easy to understand, but it is difficult to find a successful mastermind group. Why is that? People are people – everyone is different. My Triad team feels that you will need to find a group of people that have similar core values and goals to yourself.

If you’ve ever formed a study group while in school, you’ve been part of a mastermind group.

Benefits

Let’s talk about some of the benefits of a mastermind group.

Napoleon Hill states in his Think and Grow Rich,When a group of individual brains are coordinated and function in harmony, the increased energy created through that alliance becomes available to every individual brain in the group.

Here are some other benefits from Masterminds groups:

  1. To help accelerate your personal growth and journey towards your goals.
  2. To provide the team with emotional support.
  3. To help generate creative solutions for each other.
  4. To provide beneficial, productive and positive feedback.
  5. To leverage group experience.

In the spring of 2008, my Triad team and I attended a conference together. It was a sheer coincidence that we were all enrolled to attend at the same time (this was before we became the “Triad”). Regardless, we hooked up at the conference and spent 4 days together. There wasn’t any expectation of each other to “hang out together”, it just turned out that way. We were all so comfortable in each other’s company that we ended up spending all our time during and between sessions together.

During this conference, one of the speakers happened to mention the topic of masterminds. Over dinner on the second to last evening, we started talking about our individual experiences with mastermind groups in the past, and how they had failed. We still recognized the values and benefits of masterminds, so we decided to form a group of our own once we were home again. At that time, we set a date about 3 weeks into the future to meet, along with the topics to be discussed.

It wasn’t till we were at home, that we decided to move our first “meeting of the minds” to an earlier date to maintain the energy and momentum that we shared during the conference. And hence our Triad Mastermind group was started.

As previously mentioned, we each had tried to form Masterminds in the past, and none of them worked.

Each of us had between 2-3 previous independent mastermind groups, before we met. None of these groups succeeded because there was no commitment on behalf of the other attendees, people had different goals and needs, some members didn’t fully understand the benefit of a mastermind group, and during the course of these previous masterminds, some members had no initiative to keep the group evolving. Note that this is not a complete list of all the reasons why they didn’t work for us.

So what was it that made us feel that our Triad Mastermind would work?

Prior to attending the conference that brought us together as a mastermind, we had shared similar tangible experiences without our knowing it. For example, we had attended conferences and workshops with similar themes, plus 2 of us on the team actually worked together at a client site. We also realized that we had similar ways of problem solving. We’re all open to learning, we’re open to different perspectives and ideas, and we all set goals for ourselves. We also recognized that there were some intangible core values that we shared, such as mutual respect for each other. We recognize and leverage off each other’s strengths and don’t mind filling in each other’s weaknesses, and we know how to have a good time while having delivering powerful results. Also, we all recognize that there is more to life and we’re willing to do what it takes to achieve our dreams.

In part 2 I’ll discuss the steps my Triad believes are required to start a mastermind group.

To The Greatness Within You!

Trish

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