How do I start a mastermind group? Can I start my own mastermind group? What should I know before starting a mastermind group? What are the rules for starting a mastermind group? How can I get people to join my mastermind group startup? What are the benefits of starting a mastermind group? If you have been looking for answers to these questions, you have come to the right place.
My name is Sean Galla. I am a men’s support group facilitator with more than 10 years’ experience. Part of my facilitating journey has been overseeing Mastermind Groups. This has given me the privilege of witnessing how beneficial being part of a mastermind group can be. If you are thinking about starting your mastermind group, this article has all the information you need to understand how mastermind groups work and get you started.
If you are passionate about personal growth, this article will teach you everything you want to know about running a Mastermind Group.
Table of Contents:
What Is a Mastermind Group?
This is one of the most commonly asked questions by people who are interested in mastermind groups.
If you talk to successful people about how they reached their height of success, they will tell you that they had a team of supporters and mentors who helped them in their journey. Successful people understand an important concept: they need to surround themselves with a group of people who have attained the kind of success they aspired to attain. This is what a mastermind group is.
A mastermind group can be defined as a group of peers who meet regularly to brainstorm, advice, and support. While it is almost similar to mentoring, mastermind groups comprise members who give and receive advice. They are also about brainstorming, addressing personal issues that hinder success or advancement, and can be educational presentations.
The idea of forming a mastermind group was made popular by Napoleon Hill, author Think and Grow Rich, and The Law of Success. He defines a mastermind group as “A friendly alliance with one or more persons who will encourage one to follow through with both plan and purpose.”
While Napoleon’s definition is right, a mastermind group can also be defined as a small group of men who seek accelerated growth in different capacities. Because of this need for growth, the mastermind group members commit to meeting and regularly networking, in person or online.
Mastermind group meetings aim to discuss careers, business goals and build lasting networks to help the members reach the set goals. This can only be done in a network of like-minded people who keep each other accountable.
Why Should You Start a Mastermind Group?
If you are thinking about starting a mastermind group, there are numerous benefits associated with running a mastermind group.
Starting a mastermind group allows you to create a group that best serves your personal development goals and needs. Once your group is up and running, you get to collaborate with individuals who teach you new things and even things you did not think you needed to learn.
You grow your network
When you create a mastermind group, you immediately grow your network through the members of your group. Every member in your group has a network that instantaneously becomes your network too. As you grow the group and make connections, you will build a group of friends who will be there when you need them the most.
You grow your way of thinking
Being part of a mastermind group allows you to see things from different perspectives as presented by different members. This helps to grow your thoughts and improve your way of thinking.
While most mastermind groups are built by business owners looking to build their business network, business mastermind groups are not the only types of mastermind groups. There are more than 35 types of mastermind groups for different purposes. Generally, you can start a mastermind group for any need.
So if you’re looking for information about A Mastermind Group Near Me, then join mensgroup.com today!
Online vs. In-Person Mastermind Groups
When starting your mastermind group, you need to decide whether to focus on in-person meetups or online meetings. All mastermind groups fall into one of these two categories. While in-person meetings work, online groups make it easier to expand your network.
An online-based mastermind group can connect new members from different parts of the world, regardless of their location. This improves your chances of getting better advice, support, and guidance. Starting an online mastermind group ensures you do not limit your connections to just people in your locality, as would be the case with an in-person mastermind group.
Online Mastermind Groups are flexible, which boosts the commitment of the members. It also eliminates the need for a physical meetup location since all mastermind meetings take place online on social media forums and channels like a Facebook group, zoom, Slack, LinkedIn, and skype.
How a Mastermind Group Works
A mastermind group process involves creating goals and designing plans to achieve the goal. The groups help members with creative ideas about business, entrepreneurship, and effective decision-making skills. As the members implement their plans, they are required to share their success stories, setbacks, and issues with the group. The members celebrate each other’s success and offer help to solve the issues experienced in their journeys.
Each group meeting is guided by an agenda to ensure the conversations remain on course. The facilitator works to ensure the discussions are balanced and helpful without deviating from the group’s purpose.
A mastermind group is started and run by facilitators who help structure the group and ensure it meets its purpose. The facilitator ensures the group has the necessary information and resources to start meaningful conversations and discussions to help the members achieve success. This makes the facilitator a critical component in the success of any mastermind group.
For a mastermind group to work, it requires confidentiality, the members’ willingness to give and receive advice and ideas, mutually beneficial support, honesty, compassion, and respect. With the right mastermind group, the members act as a catalyst for growth. Mastermind groups are built on this basis.
Essential Rules of Starting a Mastermind Group
How to Start a Mastermind Group
Starting and running a mastermind group is relatively easy. To get started:
Pick a topic
This defines the nature of your mastermind group. The topic refers to the group’s specialization and the kind of people you want to attract. Since you have an idea of why you were starting the mastermind group, this should be easy to decide.
Recruit groups members
A mastermind group is only as good as the members in it. Every member in the mastermind group should be willing and able to offer sound advice, want the best for other members, and be open to receiving advice. The best members of the group should share the same drive and commitment to success and similar interests. The best groups are made of people with diverse skillsets and problem solvers. Consider limiting the number of members of your group to less than 10.
Agree on group rules
Together with the members of your newly formed mastermind group, you need to develop a set of ground rules that benefit all members. You can create rules for membership, accountability, sharing, and support.
How to Run a Mastermind Group
Schedule regular meetings
A mastermind group needs to meet regularly at a scheduled time to ensure members do not miss. Generally, most mastermind groups meet once or twice a week, depending on the agenda of the group.
Ensure every member gets quality time
To ensure fairness and equality in the group, you should agree on an ideal time for sharing. This is determined by the number of members and how long the sessions last. Every member should be given the same amount of time to share their progress, ideas, or questions with the group.
Hold each other accountable
The whole idea for starting a mastermind group was to offer and get support and guidance to achieve your goals and success. Members need to hold each other accountable and demand progress reports from members. This helps to keep each member on toes and prevent procrastination.
Joining a Mastermind Groups
If starting a mastermind group is more demanding than you imagined, you still have the option of joining existing mastermind groups and still reap the benefits of a mastermind group. MensGroup is one of the leading mastermind groups for men. It is an online mastermind group that builds friendships and offers support to help men overcome obstacles and achieve their dreams.
About Men’s Group Mastermind Group
Men’s Group is an online-based mastermind group for men by men. When you join Men’s Group, you will get a network of fellow men ready and willing to offer advice, support, and guidance to ensure you reach your life goals.
As one of the most active online men’s groups, Men’s Group is a platinum mastermind group that positively influences personal life, business life, and professional growth. In this online-mediated platform for all men. Here, you will meet men who have previously walked in your shoes and have managed to experience personal development and find their definite purpose through mentorship from a mastermind group.
If you are a man looking to get to the next level of your success, Men’s Group is the right mastermind group for you.
Starting a mastermind group is one of the best ways to build networks, make friends, offer and get support from like-minded individuals. If you cannot build a mastermind group, you can join one to get the same benefits.
Being part of the right mastermind group like Men’s Group gives you a rare opportunity to network and enjoy personalized help from the industry’s best players even as you make new meaningful, and lasting friendships.