Mastermind groups met long before 1937, the year Napoleon Hill, author of Think and Grow Rich, coined the term. Napoleon Hill says that when a group of minds come together, they essentially create an unseen, powerful force—a mastermind. Successful Leaders like Walt Disney, Franklin D. Roosevelt, Benjamin Franklin, and Thomas Eidson all shared one secret that propelled them to success: each person was a member of a mastermind group. Being an entrepreneur of business owner can be lonely. Having a group of people share their challenges, successes, experiences in safe private space make the experience less so.
What distinguishes a business mastermind from a regular group is the fixed agenda, goals orientation, time bound focus, laser sharp action points, succinct experience sharing , innovative brainstorming that the mastermind group members bring in. Mastermind members meet in person or online via zoom or Teams. It’s best to meet regularly (once a week or once every two weeks) so that not too much time lapses between meetings.
The important factors of a successful business mastermind is commitment, confidentiality, willingness to both give and receive advice and ideas and commit oneself to time-bound actions to implement the goals
Running a mastermind is simple not necessarily easy. Mastermind group facilitators start and run these groups. They help the group for finalize the niche, the mastermind agendas and to dive deeply into fruitful discussions and work with members to create success — as each member defines it. Mastermind facilitators are the secret to thriving mastermind groups success and progress.
How the Business Mastermind works?
Through the mastermind group process, first one creates a goal, then design a systematic plan to achieve it. The mastermind group helps each other with creative ideas and wise decisions-making. Then, as the members begin to implement their plans, they bring both success stories and problems to the group. Success stories are applauded (loudly!), and problem are solved through peer brainstorming and collective, creative thinking.
Each meeting has a mastermind group agenda so that conversations stay on course. The facilitator is tasked with making sure that conversations are deep and balanced, and that all mastermind group meeting agenda items are covered in the time allotted. The mastermind members support each other with total honesty, respect and compassion.