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11 Tips for Creating, Participating in and Enjoying Mastermind Groups

11 Tips for Creating, Participating in and Enjoying Mastermind Groups

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Published by David Turnbull
Find more content at http://www.davidturnbull.com

Mastermind groups are incredibly effective ways to network with like minded individuals.

If you're a smaller business owner looking to expand your networking capabilities effectively then creating or participating a mastermind group (or "master mind" as some call it) are absolutely brilliant.

Mastermind groups allow small business owners interested in networking to share their small business and marketing ideas without too much formality.
Find more content at http://www.davidturnbull.com

Mastermind groups are incredibly effective ways to network with like minded individuals.

If you're a smaller business owner looking to expand your networking capabilities effectively then creating or participating a mastermind group (or "master mind" as some call it) are absolutely brilliant.

Mastermind groups allow small business owners interested in networking to share their small business and marketing ideas without too much formality.

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Published by: David Turnbull on Jul 10, 2009
Copyright:Attribution Non-commercial

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05/11/2014

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11 Tips forCreating,Participating Inand EnjoyingMastermindGroups
Find more content at
 
davidturnbull.com
For me, the word “mastermind” evokes thoughts of rich politicians in a secluded hut discussing “theplebs” whilst burning $100 notes. I’m not sure why that pops into my mind but it just seems like avery old concept, even though it’s only been around since Napoleon Hill coined the phrase (whichis only about 72 years ago). Luckily, masterminding isn’t like that (at least not with my experiences)and still remains the best way to:
Think of awesome ideas
Stay motivated and on track
Learn from people who know more than you
Add some social interaction for us sole business ownersFor the last few months myself and a couple of friends havebeen meeting up every 1-2 weeks (it’dbe more frequent but 1/3 of the group still has quite a lot of shifts at his current job…) and casuallyshare our plans and thoughts about business. We don’t outline anything we’re going to talk aboutbefore we get there (although individually we have a vague idea) nor are we in any rush to finish themeeting. We just hang out at a friends place and then maybe finish off the night with some Thaifood (which is luckily only a short walk down the road).This is where mastermind groups are going as whole.Some people still follow the format of having powerpoint presentations, a hired out room full of 30+ people and an overall restrictive environment, but I think one of the amazing things aboutbeing individuals in business is the fact that we don’t have to go through that much trouble.
 
We show up at a fuzzy time (between 4pm-5pm is generally the rule we follow), chat for a coupleof hours whilst writing some notes down occassionally, get the Thai food to eat, and then hang outdown at Manly Wharf for another 30-60 minutes.Doesn’t that sound awesome? Because it is.I’m not saying this to show how awesome we are though (okay, maybe a little), so here are somepractical tips gained from my experiences:
1.
Smaller mastermind groups allow for more personal interactions
and are less likely tocause conflict.
2.
Don’t focus meetings on any individual.
Everyone should get equal attention each timeyou get together. This means its less of a problem if a member doesn’t show up too much.
3.
Have a
cool down period after the bulk of masterminding is done
. Go to a localrestaurant or just starting blabbing on about random things.
4.
If you don’t look forward to a mastermind group you’re doing it wrong
.
5.
A notebook is a handy tool to have with you even if you don’t plan to write anything down.
6.
You should feel 100% comfortable with the people you’re masterminding with.
Ourmastermind group is made up of people I was at school with every day for 6 years. We’deven hang out at recess + lunch and just talk about this kind of stuff.
7.
Bring your expertise to the table.
I’m the guy that can make websites (and damn goodones at that).
Work on making yourself useful to the group
as a whole - it’ll make youand other group members feel better.
8.
Share your “secrets”. I
f you don’t trust your mastermind group enough to keep yoursecrets secret then you have a problem.
Sharing your secrets signifies trust and will giveeveryone else the chance to help you.
9.
Mix it up.
Don’t let meetings become monotonous.
We get Thai food and that addsdiversity. But we also randomly wandered around the beachfront whilst talking aboutbusiness stuff. Little things like that make it even more fun.
10.
Have a rough idea of what you want to talk about, but
let ideas flow freely
.
11.
Try to
hold meetings at a time where no one has any committments for the rest of theday
. This gives everyone the chance to share their thoughts and ideas.
Summary? Mastermind groups rock.
If you don’t have friends who are suitable for a mastermind then consider heading over tomeetup.comto find like minded individuals. A lot of those meet ups can be quite large, but if youfind people that become good friends it’s easy enough to break off from the large meetings and meetup in smaller numbers.

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