What are mastermind groups? A mastermind group is a collection of likeminded people who come together to offer one another guidance and support. Mastermind groups provide many of the same benefits as mentoring, but there are several notable differences. For instance, instead of meeting with one person, mastermind groups include five or six members. Also, when you become a member of a mastermind group, you will be expected to participate by sharing and receiving advice. If you enter into a mentorship situation, you’ll just receive advice.
What Happens During a Group Meeting?
When you meet with this type of group, you can expect to brainstorm with other group members. The group may offer an educational presentation, or you could wind up talking about personal issues.
Mastermind groups are often mistaken for mastermind classes, but this is not accurate. Mastermind groups do not have one teacher who presents a prepared lesson each time you meet. Think of this type of group as a “meeting of the minds.” As a member of one, you’ll be able to speak truthfully and receive the same from other group members.
Mastermind meetings are not places where people network. You should not expect one-on-one coaching or any other kind of coaching from the group because it won’t have a solo authority figure. The group will have a leader, but this person’s job is merely to oversee community-building within the group.
Why You Should Become a Mastermind Group Member
The benefits of mastermind groups include:
• Being a member of an exclusive community
• Gaining access to expert advice
• Collaborating with likeminded people
• New learning opportunities
• Promotional assistance
• Receiving encouragement to think bigger
Before becoming a member of a group, consider:
• Why you want to join the group
• What you want to contribute to the group
• How the group will help you achieve your goal
The great thing about mastermind groups these days is that technology has made it possible for anyone in the world to come together on a regular basis. In fact, it may be especially beneficial to join a group that includes people from different parts of the world.
People think and act in different ways when they are in a group than when they are working on their own. When people are in a group, they work better. It’s invigorating to be a part of a group. Also, when you’re a part of one, you may be more encouraged to develop goals and continue working toward them.
A New Mentoring Method
People know that it’s helpful to have a mentor, but it’s becoming rare to have one. Thomas DeLong, a professor for the Harvard Business School, studied professional service firms. He said, “Everyone we spoke with over age 40 could name a mentor in his or her professional life, but younger people often could not.” What are mastermind groups? Mastermind groups are a great way for professionals to gain access to the guidance they need but don’t know how to find.
