Forming a Mastermind Group

If you want to experience exponential growth toward your dreams, then you’ll want to participate in a mastermind group. In a recent newsletter we discussed why masterminding is one of the most important principles of success. How do you get started?

Mark Victor Hansen reveals seven keys to building a successful mastermind group during an interview in the multiple-CD series, Interviews with the Experts. To create a successful mastermind group, members must:

1. Have complementary core competencies. After asking yourself what you want to achieve, your next step is to ask yourself who would be likely players. You need two to five individuals to form a group, and the key is to enlist others who have strengths that complement your weaknesses and vice versa. For instance, if you are a writer you might search for someone who is a speaker and someone else who has a marketing background.

2. Have positive mental attitudes. These are people who have worked on -– and are willing to continue working on — getting rid of programs or belief systems that limit success.

3. Be dependable and committed to the group. If members say they’re going to show up for a meeting, then they must show up.

4. Have a desire to contribute. The bottom line is service to one another.

5. Be willing to develop a high level of trust. This means being open and honest with what’s going on in our lives. Trying to look good in front of other group members stifles connections within the group.

6. Be committed to a high level of confidentiality. A lack in this area breaks down trust and again, stifles connections within the group.

7. Be like-minded. This does not mean being a “yes” person, but demonstrates a willingness to dialogue and collaborate in an open manner.

Groups should meet regularly, ideally every seven to ten days. In advance of the meeting, members prepare and send out goals to one another. Each meeting is led by a leader who keeps the hour to hour-and-a-half meeting on track and allows time for each person to share wins and his or her progression toward previously-stated goals. After this, new goals are stated and the means to support these goals are discussed.

As trust develops within your group, and members achieve exponential growth toward their dreams, it will be clear why Napoleon Hill considered masterminding to be one of the most important principles of success.

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