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How To Start and Run a Mastermind Group

How To Start and Run a Mastermind Group

Some people like to cooperate with others to achieve their goals, while others prefer to chase their dreams on their own.  I find that involving mutually committed partners in my pursuits is intensely rewarding – especially mastermind groups.  I’ve strengthened my friendships, made measurable progress towards my goals, and continue to grow thanks to the support I’ve received in my mastermind groups over the years.

In this article I’ll lay out what a mastermind group is, the benefits of having a mastermind group, and concrete strategies and actions you can take to start your own mastermind group today.

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What Is A Mastermind Group?

The first place I came across the concept of a mastermind was in Napoleon Hill’s Think and Grow Rich.  In it, Hill describes a mastermind group as:

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The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.

In my experience, my mastermind groups have formed around multiple people striving for a common purpose – from goals as small as college admissions and improving fitness, to as large as your entire life.

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What Are The Benefits of a Mastermind Group?

  • Mutual support. I like to form groups around a specific activity, but even with differing goals you’ll be able to lean on each other for support.  Many times when my progress has slowed on a specific goal, the members of my mastermind are the only people who really understand what has been going on behind the scenes, and give me support in spite of my failed efforts.
  • Differing perspectives.  Hearing the different views my fellow mastermind participants have allows me to see issues I wouldn’t otherwise become aware of – in my life, and in my approach to my goals.  Whether I agree with their assessment or not, it always gives me a better understanding of how I can better improve my approach.
  • Resources.  Everyone in your group will have access to a different skillset and network of people. I’ve often found that when I ask for help in my mastermind groups, these resources help me make progress in ways I never could by myself.
  • Accountability.  My fellow group members hold me accountable to goals I set.  In addition, just knowing that I have a regularly scheduled meeting internally drives me to make progress – because I don’t want to be the only person reporting back that I haven’t made an effort to move my projects forward.

How Do I Start a Mastermind Group?

Starting a mastermind group is deceptively simple in its steps:

  • Pick a Topic.  This may be as narrow as you like, or as broad as you like (such as your entire life).  If you are new to mastermind groups, I would recommend picking one specific aspect of your life to start out with.  Perhaps fitness, your career, school, or some other broad area that you would like improvement with.
  • Pick your Partners.  I’ll discuss this in detail below.  A mastermind group is only as good as the people in it – pick your partners with care.
  • Agree On Ground Rules. I’ll provide some guidance below, but keep in mind the purpose of setting rules is not to stifle anyone – the purpose of the rules is to ensure everyone benefits from the mastermind group. I like to keep a loose set of rules and count on mutual respect of the individuals to keep everyone in line, but you may choose to have strict ground rules if you like.
  • Meet!

Who Should I Invite Into My Mastermind Group?

Two words:  mutual beneficiaries.  Any member in your mastermind group should not only be able to provide you with sound feedback and advice, but should be able to receive some benefit from your feedback as well. Some qualities I look for in a participant include:

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  • Similar Drive and Commitment.  You want everyone in the group to be similarly committed. If one person is striving to compete in a bodybuilding competition, while you’re just trying to cut the sugar out of your diet, you may not be compatible for a mastermind group.
  • Diverse Skill Sets.  For me personally, I am very analytical and approach things from a scientific, engineering perspective.  I enjoy mastermind groups where some people share this perspective, but also gain valuable feedback from people who are perhaps more abstract and in touch with their emotions (as opposed to a “cold” analytical approach).
  • Problem Solvers.  This is my personal preference, I like partners who are active problem solvers.  My purpose in a mastermind group is to get feedback, solutions to my issues and move forward.

I like to limit mastermind groups to between 3 and 5 people.  This keeps meeting short, in depth and on point.  You can experiment with more or less, but I recommend starting with 2 or 3 if this is your first time with a mastermind group.

How Do I Run A Mastermind Group?

  1. Meet Regularly And Precisely. I call this the “nuts and bolts.” Keep to a regularly scheduled time, ensure all members are punctual – and end on time. I typically meet for 60 minutes once a week. You may require more or less time, but ensure that you have adequate time because you want to…
  2. Give each member equal time. We don’t use a timer, but for larger groups that may be necessary.  I keep most of my groups to only three people, and generally we are all aware that we have approximately 20 minutes per person, and try to keep it in that time frame.
  3. Don’t Interrupt. One person at a time, and keep in mind the purpose of the meeting is to give everyone a chance – it’s not always about you. Hold all comments until the person speaking has a chance to speak. We generally do not jump in at all unless someone has a specific question.
  4. Decide if you need an agenda. My mastermind groups typically have a conversation topic (often decided at the meeting prior), but no explicit agenda.  I previously have run groups that had more explicit items on the agenda for accountability and progress reports – try it out and decide what works best for you.
  5. Decide on whether to have a facilitator. In my groups, I start the calls, and act as a very loose facilitator – I point out who is going to go first. That’s it – everyone polices themselves. Perhaps your group will need a facilitator who is more active – keeping people on target for time, and moving you from one items on the agenda to the next.
  6. Capture.  Make sure you capture what happened at each meeting – lessons and triumphs, goals, and items you want to keep each other accountable to.  I like to use Google Documents and Mindmeister.  When I conduct groups online using Skype I use MP3 Skype Recorder (free) to record mp3s of my calls.

Three Question To Kick Start Your Mastermind Group

If you’re ready to start a mastermind group, you may want some very basic structure help you in the beginning.  These three questions never fail to get my mastermind groups off to a great start.  As your group evolves, you’ll come up with your own agenda and questions that you’d like each member to answer – but if you don’t know where to begin, this is a great place to start:

  • What Are You Working On? Nice and broad, and each member can answer with whatever they feel comfortable sharing.
  • What Did You Learn? Very often my groups are focused on similar goals, and lessons learnt by one member benefit all of us.
  • What Do You Need Help With? By having a specific question on the agenda, this helps take pressure of members who want to reach out to the group for help.

Your Thoughts and Strategies?

What do you think?  Have you run a mastermind group before?  Do you have additional tips to share, or perhaps pitfalls to avoid?

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Last Updated on November 28, 2018

Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny

Why Do I Have Bad Luck? 2 Simple Things to Change Your Destiny

Are you one of those people who are always suffering setbacks? Does little ever seem to go right for you? Do you sometimes feel that the universe is out to get you? Do you wonder:

Why do I have bad luck? Is bad luck real?

A couple of months ago, I met up with an old friend of mine who I hadn’t seen since last year. Over lunch, we talked about all kinds of things, including our careers, relationships and hobbies.

My friend told me his job had become dull and uninteresting to him, and despite applying for promotion – he’d been turned down. His personal life wasn’t great either, as he told me that he’d recently separated from his long-term girlfriend.

When I asked him why things had seemingly gone wrong at home and work, he paused for a moment, and then replied:

“I’m having a run of bad luck.”

I was surprised by his response as I’d never thought of him as someone who thought that luck controlled his life. He always appeared to be someone who knew what he wanted – and went after it with gusto.

He told me he did believe in bad luck because of everything happened to me.

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It was at this point, that I shared my opinion on luck and destiny:

While chance events certainly occur, they are purely random in nature. In other words, good luck and bad luck don’t exist in the way that people believe. And more importantly, even if random negative events do come along, our perspective and reaction can turn them into positive things.

Your luck is no worse—and no better—than anyone else’s. It just feels that way. Better still, there are two simple things you can do which will reverse your feelings of being unlucky and change your luck.

1. Stop believing that what happens in life is out of your control.

Stop believing that what happens in your life is down to the vagaries of luck, destiny, supernatural forces, malevolent other people, or anything else outside yourself.

Psychologists call this “external locus of control.” It’s a kind of fatalism, where people believe that they can do little or nothing personally to change their lives.

Because of this, they either merely hope for the best, focus on trying to change their luck by various kinds of superstition, or submit passively to whatever comes—while complaining that it doesn’t match their hopes.

Most successful people take the opposite view. They have “internal locus of control.” They believe that what happens in their life is nearly all down to them; and that even when chance events occur, what is important is not the event itself, but how you respond to it.

This makes them pro-active, engaged, ready to try new things, and keen to find the means to change whatever in their lives they don’t like.

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They aren’t fatalistic and they don’t blame bad luck for what isn’t right in their world. They look for a way to make things better.

Are they luckier than the others? Of course not.

Luck is random—that’s what chance means—so they are just as likely to suffer setbacks as anyone else.

What’s different is their response. When things go wrong, they quickly look for ways to put them right. They don’t whine, pity themselves, or complain about “bad luck.” They try to learn from what happened to avoid or correct it next time and get on with living their life as best they can. They have this Motivation Engine, which most people lack, to keep them going.

No one is habitually luckier or unluckier than anyone else. It may seem so, over the short term (Random events often come in groups, just as random numbers often lie close together for several instances—which is why gamblers tend to see patterns where none exist).

When you take a longer perspective, random chance is just . . . random. Yet those who feel that they are less lucky, typically pay far more attention to short-term instances of bad luck, convincing themselves of the correctness of their belief.

Your locus of control isn’t genetic. You learned it somehow. If it isn’t working for you, change it.

2. Remember that whatever you pay attention to grows in your mind.

If you focus on what’s going wrong in your life—especially if you see it as “bad luck” you can do nothing about—it will seem blacker and more malevolent.

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In a short time, you’ll become so convinced that everything is against you that you’ll notice more and more instances where this appears to be true. As a result, you will drown yourself in negative energy and almost certainly stop trying, convinced that nothing you can do will improve your prospects.

Not long ago, a reader (I’ll call her Kelly) has shared with me about how frustrated she felt and how unlucky she was. Kelly’s an aspiring entrepreneur. She had been trying to find investors to invest in her project. It hadn’t been going well as she was always rejected by the potential investors. And at her most stressful time, her boyfriend broke up with her. And the day after her breakup, she missed an important opportunity to meet an interested investor. She was about to give up because she felt that she’d not be lucky enough to build her business successfully.

It definitely wasn’t an easy time for her. She was stressful and tired. But it wasn’t bad luck that was playing the role.

Fatalism feeds on itself until people become passive “victims” of life’s blows. The “losers” in life are those who are convinced they will fail before they start anything; sure that their “bad luck” will ruin any prospects of success.

They rarely notice that the true reasons for their failure are ignorance, laziness, lack of skill, lack of forethought, or just plain foolishness—all of which they could do something to correct, if only they would stop blaming other people or “bad luck” for their personal deficiencies.

Your attention is under your control. Send it where you want it to go. Starve the negative thoughts until they die.

I explained to Kelly that to improve her fortune and have “good luck”, first decide that what happens is nearly always down to her; then try to focus on what works and what turns out well, not the bad stuff.

Then Kelly tried to review her current situation objectively. She realized that she only needed a short break for herself — from work and her just broken-up relationship. She really needed some time to clear up her mind before moving on with her work and life. When she got her emotions settled down from her heartbreak, she started to work on improving her business’ selling points and looked for new investors that are more suitable.

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A few months later, she told me that she finally found two investors who were really interested in her project and would like to work with her to grow the business. I was really glad that she could take back control of her destiny and achieved what she wanted.

Your “fate” really does depend on the choices that you make. When random events happen, as they always will, do you choose to try to turn them to your advantage or just complain about them?

What’s Next?

Now that you’ve learned the 2 simple things you can do to take control of your fate and create your own luck. But this isn’t it! These simple techniques you’ve learned here are just part of the essential 7 Cornerstone Skills — a skillset that will give you the power to create permanent solutions to big problems in life — any problem in any area of your life!

If you think you’re “suffering from bad luck”, you can really change things up and start life over with these 7 Cornerstone Skills. It may even be a lot easier than you thought:

How to Start Over and Reboot Your Life When It Seems Too Late

Thomas Jefferson is said to have used these words:

“I’m a great believer in luck and I find the harder I work, the more I have of it.”

Your luck, in the end, is pretty much what you choose it to be.

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Featured photo credit: LoboStudio Hamburg via unsplash.com

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