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The concept of the Mastermind Group was formally introduced by Napoleon Hill in the early 1900’s. In his timeless classic, “Think And Grow Rich” he wrote about the Mastermind principle as:

“The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.”

In a Mastermind Group, the agenda belongs to the group, and participation is key. Your peers give you feedback, help you brainstorm new possibilities, and set up accountability that keeps you focused and on track. You create a group of like minded members who will brainstorm together to move the group to new heights.

You’ll gain tremendous insights, which can improve your business and personal life. Your Mastermind Group is like having an elite staff of executives.

You can start out sharing an issue, success or breakthrough and this can be a personal or business example. The group can also focus on an area where members may need support on, so everything is not always focused on the simple things. The Mastermind Group should is there to help the group stay focused, motivated and inspired.

It is always good to bring new ideas to contribute to the group. Sometimes it helps to bring an article, a tape, a book to discuss and share with others. Identify members with complementary businesses, similar career levels and shared values. All members should be able to bring something to the table in the way of expertise.

Make sure your Mastermind Group has a purpose. Mastermind Groups meet for various reasons. Some meet as a support group, as a networking group or as a high level secret member group. Be very clear on what you’re trying to accomplish. The more specific you are, the more productive you’ll be.

Make sure your mastermind group has a set of guidelines to follow such as when, where, how and what will be the agenda of the meeting. Never put down a member, make sure members respect each others time and try to dominate the meeting. Keep the mastermind group simple but clear.

The beauty of Mastermind Groups is that participants raise the bar by challenging each other to create and implement goals, brainstorm ideas, and support each other with total honesty, respect and compassion.

Knowing that there is a group of professionals who make a fuss about when a member have a success, or a solution when a member hit a brick wall, or who help a member sort things out when feeling overwhelmed means so much to the group. Most members are sure that they would not be as close to reaching so many their goals without this group.

By Pam Knight
http://ezinearticles.com/

\\ tags: Business, Motivation, Networking