The Importance of Mastermind Groups

The Importance of Mastermind Groups

Many entrepreneurs feel alone at times and cannot connect with friends or family because they simply do not understand, that is where mastermind groups come into play. Mastermind groups can be your secret weapon when it comes to staying focused and making progress. 

A mastermind group is a selection of people who are actively trying to accomplish a similar goal. Once a week or more, this group meets either in person or via video chat to discuss their problems, their wins and to keep each other accountable for the tasks they said they would achieve. At the end of the meetings, each member tells the rest their goals for the next week. 

<h3>What Can You Create A Mastermind Group For?</h3>

Mastermind groups have typically been used by entrepreneurs trying to achieve similar goals but this is not the only use for them. So what kind of achievements can you use mastermind groups for?

 Starting A New Business
 Learning A New Skill
 Passing College Classes
 Increasing Your Income
 
 *The worlds smallest list of types of mastermind groups...
 
 <h3>Creating One Is Easy</h3>
 
 To create your own mastermind group all you need is active members, preferably no more than 5 people and a way to communicate each week. Using services like Google Hangouts or [insert link here]. To create a good group and be efficient you will need to create a structure for each time you meet. A structure like so;
 
12:00 Welcome/Agenda

12:05 Sharing a 'win' from the previous week

12:20 Hot Seat – One Member 
-What are you working on?
-What's working for you? 
-With what do you need help?

12:40 Last Question
-Who can help (member) with their problem?

12:50 State your goal for the next week 1:00 End

 Obviously you can play around with the structure but this is a great template to get you started to a successful mastermind group. The overall objective is for each member to grow and achieve their goals with the help and support of the other members. If you are still not completely sure of the importance or value of a mastermind group, read this quote;
 
 “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.”
Napoleon Hill - Think and Grow Rich

I am happy to say that I just joined my first mastermind group and am incredibly excited to see where it goals and the things we achieve together.