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.
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:
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.
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.000000