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 fellow mastermind group members achieve success. Participants challenge each other to set powerful goals, and more importantly, to accomplish them.

Empowering, educational and inspiring Mastermind groups can create magical transformations in business for participants.

Through a mastermind group process, first you create a goal, then a plan to achieve it. The group helps you with creative ideas and wise decisions-making. Then, as you begin to implement your plan, you bring both success stories and problems to the group. Success stories are applauded (loudly!), and problem are solved through peer brainstorming and collective, creative thinking.

The group requires three key elements:

1

Commitment

Regular attendance to the meetings is essential to both support your fellow embers and to gain the most for your self from these sessions.

2

Confidentiality

To allow everyone to speak freely and openly about their plans, hope and misses is it essential that the group is a safe space.  It’s like fight club…  but with an NDA.

3

Willingness to Participate

No hovering around the edge, lurkers will not benefit from these groups. Full on dive bombing into the unknown in the group is required.  Members will be expected 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.

Each meeting has a mastermind group agenda, so that conversations stay on course. The Facilitator, Me!, is tasked with making sure that conversations are deep and balanced, and that all mastermind group meeting agenda items are covered in the time allotted.

What a mastermind group is NOT

  • It’s not a class. While your group could 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 collaboration opportunities, lead sharing, and professional networking.

About the Author

The Founder of Yarn Academy Babs is all about inspiring others to find their creative juices. Babs finds it exhilarating to learn as many new techniques and skills as humanly possible and explore the entire world of yarn. Babs is always looking for the win win solution to any situation so we can all grow together in the wonderful world of fibre and colour.

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