We recently launched our first sponsored Mastermind Group with L3 Leadership. Why? Because we acknowledge this is the best way to assist our high performing clients in need of that extra edge. As much as we would love to be in the trenches with our clients as they grow, conventionally that’s not possible. Mastermind groups, coupled with web training and CFO services allow us to get fairly close by creating and facilitating the board room.
This is a crucial gap for most entrepreneurs and small business owners who are wearing many hats and don’t have the team resources of a larger company or otherwise need fresh new ideas and perspective to take their venture further.
What is a Mastermind Group?
Mastermind groups offer a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills. A mastermind group helps you and your mastermind group members achieve success.
Participants challenge each other to set powerful goals, and more importantly, to accomplish them. The group requires commitment, confidentiality, willingness to both give and receive advice and ideas, and support each other with total honesty, respect and compassion. Mastermind group members act as catalysts for growth, devil’s advocates and supportive colleagues. This is the essence and value of mastermind groups.
What a mastermind group is NOT
- It’s not a class. While your group can vote to bring in guest speakers and teachers occasionally, the main focus of a mastermind group is the brainstorming and accountability support among the group members.
- It’s not group coaching. Mastermind groups are about the MEMBERS sharing with each other, not about the Facilitator coaching individuals in a group setting. You get everyone’s feedback, advice and support. Yes, if the Facilitator is an expert on the topic, by all means chime in. But keep the conversation balanced between all members.
- It’s not a networking group. While you may share leads and resources with each other, it is not the main focus of the meetings. However, through your connections with other members, you will find plenty of joint venture opportunities, lead sharing, and professional networking.
Napoleon Hill’s definition
The concept of the “master mind alliance” was introduced by Napoleon Hill in his book from the 1920s, The Law of Success, and expanded upon in his 1930s book, Think And Grow Rich.
While Napoleon Hill called it a “master mind alliance,” it’s been shortened and modernized to “mastermind group” these days.
Mastermind groups have been around since the beginning of time. Even Benjamin Franklin belonged to such a group, which he called a Junto.
Napoleon Hill wrote about the mastermind group principle as:
“The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.”
“No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind [the master mind].”
What you’ll get from belonging to a mastermind group
In a mastermind group, the agenda belongs to the group and each person’s participation and commitment is key. Your mastermind partners will give you feedback, help you brainstorm new possibilities, and set up accountability structures to keep you focused and on track. You create a community of supportive colleagues who brainstorm together to move the members to new heights.
Starting in February 2017 we will run three mastermind groups, maximum of 10 members each. Do NOT wait to apply. There is an application and interview process. (Select below to learn more and apply!)