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Characteristics of a Quality Mastermind Group

By on November 18, 2008 in Mindset

The Power of the Mastermind group I spoke of some of my experiences from being involved in a mastermind group.

Today I would like to set out for you of some of the characteristics to look for in choosing a quality mastermind group.

Listed below are some of the key elements particpants should look for.

  • Be committed to the goals of the group
  • Be supportive of other group members
  • Contribute energy and ideas to the group
  • Be prepared to challenge and encourage each other
  • Treat other members with respect and compassion
  • Act as catalysts for each other’s growth
  • Share a common interest in the topic or purpose of the group
  • Be self-motivated and prepared to take action
  • Be willing to learn and receive constructive criticism
  • Communicate openly and honestly with each other

In essence a Mastermind group is about people coming together to create “synergy”, where the output of the whole is greater than the sum of the parts. As with everything in life those who contribute the most get the most in return.

The key is to look for a group that you are compatible with and that focuses on something you are interested in and then get committed to it. If you can’t find such a group then why not consider starting one yourself?

In the final post of the series, I will be looking at the benefits of being part of a Mastermind Group.

I would be interested in any feedback from anyone that has experienced this synergy in a mastermind group?

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The Power of a Mastermind Group

By on November 14, 2008 in Mindset

I have recently joined a mastermind group and am finding it a great way to personally learn and grow. You may not have ever been part of a mastermind group and I am getting so much value out of this one that I thought it would be a good idea to tell you a bit about mastermind groups.

So what is a Mastermind Group?

In simple terms it’s a group of people who meet to share ideas, encourage one another and hold each other accountable.

The mastermind concept first became popular when Napoleon Hill talked about it in his book “Think and Grow Rich” which was published in the early part of the twentieth century.

He referred to the mastermind principle as:

“The coordination of knowledge and effort of two or more people, who work toward a definite purpose in the spirit of harmony”, he also said “No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind.”

The mastermind group I have joined is a group of people from all around the world who are learning about the whole new world of social media marketing.

We are exploring the rapid development of social interaction online and what this means for our businesses reaching the market place of the 21st century.

The world we live in is changing rapidly. Traditional means of marketing and communication are becoming less and less effective, and business people who fail to adapt quickly to the new mediums will get left behind.

This particular mastermind group meets entirely online using an interactive webinar room, a Wiki, a Google group and email.

In recent weeks I have discovered Feedly, Twitter, Flickr and a number of other rapidly growing and thriving online communities.

If you don’t have any idea what these things are then can I encourage you to find out more about them… because these things, and others like them, are having massive impact on the way we communicate, interact with each other, and do business together and this impact will increase and not diminish in the future.

You can find out more here.

In my next post I will outline for you the characteristics that make up a good mastermind group.

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