Mastermind groups are relatively new to most people, even though Napoleon Hill created the concept around 75 years ago with his book, "Think and Grow Rich." A mastermind group is designed to help you navigate through challenges using the collective intelligence of others – peer level mentoring and coaching.
How does a mastermind work? A group of smart people meet weekly, monthly, daily even if it makes sense, to tackle challenges and problems together. They lean on each other, give advice, share connections and do business with each other when appropriate. It’s very much peer-to-peer mentoring and if you are lucky enough to get invited to one, you will most likely see a marked change in yourself and your business.
Mastermind is a super-community of small business owners to push and support each other towards greater growth. How does it work??
2. “You are the average of the five people
you spend the most time with.”
Jim Rohn
*Special thanks entrepreneurial genius to Ami Sanyal for helping me grow my business by
introducing this mastermind to me over one year ago. Check him out: www.AmiSanyal.com
3. THE CHALLENGE
For those us working in small business, we
face unique challenges that those working
in larger organizations wouldn’t fully
understand.
We cannot talk to our clients, or our
staff-members and we have no bosses to
turn to.
So where do we go for advice and
support?
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4. THE VISION
Mastermind is a super-community for
small business, startups and entrepreneurs
to support each other in its growth.
Each industry and function will have its
own micro-community of people who
meet regularly and to support each other
on this journey of entrepreneurship.
It’s simply a regular meeting of great
minds to push each other’s growth.
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5. THE MISSION
To support each other
to achieve the next
level of our business!
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A SUPER-COMMUNITY
6. THE VALUES Openness – sincerely sharing our challenges
and fears so we can start to make real
changes.
Trust – what we say in here is confidential; it
will not leave the room. We listen without
judgement because we all have our own
challenges.
Positivity – we support and help each other
grow, by giving advice, sharing contacts when
appropriate and pushing each other to be
better.
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7. HOW TO RUN THE MEETING
Each member will have a chance to share
during each of the following rounds:
Updates > Challenge > Value Add >
Pledge.
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1. Updates 2. Challenge
4. Pledge 3. Value Add
8. ?
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3) Value add
a. Share a resource:
connection, article, idea
b. The idea is to
continuously think of
something for others
4) Accountability pledge
a. Goal is to push us to
do something outside
what we would normally
b. SMART goals
EVERYONE SHARES
1) Updates
a. What progress have
you made?
b. How did you do with
your pledge?
2) Current challenge
a. What are your
obstacles right now?
b. Why is it a
challenge?
9. NOTES
* The key
we hold each other accountable to the
pledge. Everyone must push towards
their goal to keep the motivation up.
* Size
3-5 members is ideal for maximum
sharing time
* Frequency
meet every 2 weeks to keep
momentum moving forward
* Members
(1) aim for diversity to get different
perspectives (in terms of experience,
personality and industry) and
(2) aim to keep the job function /
title as similar as possible for
relevancy
11. “A friend sent me the invitation to Su's
Mastermind Event. I was definitely in
the need of some fellow entrepreneur
inspiration and support. This
Mastermind happened to be the
perfect event.
I had no idea what to expect, but left
with a new found excitement and
confidence. The people, the
conversation, and the location made
for a lovely event and a great way to
spend a morning!”
THE PERFECT EVENT
Lindsay Jernigan
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