A mastermind group can be an effective tool to help you accomplish your goal, virtually any goal. It does not matter if it is a business or personal goal.
Many of the Mastermind Groups consist of two or more people, who work together in perfect harmony, to help each other to attain a specific goal. If two heads are better than one, five or six can kick it into high gear.
Members are committed to each other
The key to a great Mastermind Group is that members are committed to each other and are willing to hold each other accountable. Meaning that you will do what you commit yourself to do and that you are attending the scheduled mastermind group meetings. Depending on the group, a meeting could be in person, video, or a phone conference call, monthly or quarterly.
The group members need to be committed to meet. Less than that will be a waste of everyone’s time and effort. One of the main goals for all the mastermind group attendees is to help each other to get things done.
Attending a mastermind group can be a time commitment depending on the group size.
Each of the members should be given 15-20 minutes of time to discuss challenges, progress, or goals. They should have another 10-15 minutes to give their feedback, thoughts, and possible discussions about the given information. The larger the group, the more diverse the discussions or exchange of ideas could take. Due to that it is good to keep the group small. Maybe 5-10 members.
It is all about accountability and trust
To keep the flow going, make one of the members a facilitator. Make certain that no one member gets stuck in the facilitator role. Have the facilitator role rotate between members. The facilitator will keep everybody on track and make certain that no one member dominates the conversation.
When a Mastermind group is formed or new members are added, the facilitator also gives everyone the ground rules the group will work under. This should include attendance, format of the meeting, confidentiality, making decisions, and dealing/settling conflicts. When needed, outline grounds for dismissal from the group, such as after missing a certain number of meetings or violating confidentiality.
You also should meet in an area where outside distractions are limited.
Chemistry of a Mastermind Group
Many times a mastermind group is formed without it actually being called a Mastermind group. This happens through casual networking or you happen to bond and feel comfortable and great around or with certain individuals. When you are looking for a mastermind group, look for groups who give you that exact feeling and when you cannot find a group like that start your own.
You might start with one person that fits the criteria you are looking for in an individual and together build your group.