Here's some of the ideas that I like the sound of...
At the first meeting, schedule at LEAST three months of meetings in advance. A few weeks before the last of these meetings, schedule a “Review Meeting” – and during that meeting, schedule out the next three months, as well as check in about changes to format, etc.
When you schedule your meetings in advance, you are not counting on “inspiration” and whim. Face it. You sometimes won’t “feel” like going to your group meetings – but those are often the BEST times to go. And when they’re in your calendar, then you’re more likely to show up.
Meet Regularly And Precisely. Keep to a regularly scheduled time, ensure all members are punctual – and end on time. 60 min once per week or once every two weeks. You may require more or less time.
Don’t Interrupt. One person at a time, and keep in mind the purpose of the meeting is to give everyone a chance – it’s not always about you. Hold all comments until the person speaking has a chance to speak. We generally do not jump in at all unless someone has a specific question.
Decide if you need an agenda. My mastermind groups typically have a conversation topic (often decided at the meeting prior), but no explicit agenda. I previously have run groups that had more explicit items on the agenda for accountability and progress reports – try it out and decide what works best for you.
Decide on whether to have a facilitator. In my groups, I start the calls, and act as a very loose facilitator – I point out who is going to go first. That’s it – everyone polices themselves. Perhaps your group will need a facilitator who is more active – keeping people on target for time, and moving you from one items on the agenda to the next.
Make sure you capture what happened at each meeting – lessons and triumphs, goals, and items you want to keep each other accountable to. I like to use Google Documents. Google doc storage with real-time access to the same docs so that we could ALL update regularly throughout the course of the session – we ended up with pages and pages of notes, links and ideas shared – and everyone contributed to it.
Slack for asynchronous comms, maybe after the first few sessions?
No worries if anyone decides it's not for them and wants to leave the group. The point of the group is that all gain value from it, so no value, no point in being in the group.
What is a Mastermind group?
- Mastermind groups offer a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills. A mastermind group helps you and your mastermind group members achieve success. Participants challenge each other to set powerful goals, and more importantly, to accomplish them. The group requires commitment, confidentiality, willingness to both give and receive advice and ideas, and support each other with total honesty, respect and compassion. A Mastermind group helps overcome the resistance that is holding us back. Mastermind group members act as catalysts for growth, devil’s advocates and supportive colleagues. This is the essence and value of mastermind groups.
Here are 7 reasons why a mastermind might be right for you:
You’ll be part of an exclusive community. Joining a mastermind typically involves you being invited by the members or going through an application process. The other members need you just as much as you need them, so quality of experience and knowledge is crucial to all involved.
Advisement. Once you are involved in a mastermind, that feeling of “being alone” while running your business is gone. The other members of the group turn into business advisors of sorts and vice versa.
Collaboration is the name of the game. You may find someone in the group that is a perfect fit to work on a project with you. Or, you may be the perfect person to help another member as well. The group works together collaboratively, to achieve more together.
Extend your network. Joining a mastermind expands your network exponentially and rapidly. If you are in business, you know how important your network is. By joining a mastermind, you instantly add to your network and typically gain the networks of those in the group with you.
New learning. Everyone in the mastermind is unique in skill, experience and connections. By interacting and sharing your challenges, it’s almost certain that someone in your mastermind will have a solution for you and you may also be able to offer a solution, connection or tactic to help another in the group.
Cross-promotion. When you join a mastermind, you will most likely find ways to help each other by utilizing cross promotion. Finding ways to help each other through promoting to your respective networks.
Think bigger. Being in a mastermind will truly give you a Master Mind! You can’t help but think bigger and stretch beyond your boundaries when surrounded by amazing people doing amazing things.
Masterminds are incredible and can do wonders for your business as well as for you, personally. Growing in a group is not only more effective, it’s quite a bit more fun!
What a Mastermind Group is NOT
- It's not a class. While your group can vote to bring in guest speakers and teachers occasionally, the main focus of a mastermind group is the brainstorming and accountability support among the group members.
- It's not group coaching. Mastermind groups are about the MEMBERS sharing with each other, not about the Facilitator coaching individuals in a group setting. You get everyone's feedback, advice and support. Yes, if the Facilitator is an expert on the topic, by all means chime in. But keep the conversation balanced between all members.
- It's not a networking group. While you may share leads and resources with each other, it is not the main focus of the meetings. However, through your connections with other members, you will find plenty of joint venture opportunities, lead sharing, and professional networking.