Surround yourself with people who are going to lift you higher. — Oprah Winfrey
What is a Mastermind Group?
Per definition, a Mastermind Group is a mentoring concept through which individuals can form groups to learn from each other and grow together.
A Mastermind Group can significantly help you in shaping your life, personality, and business.
The intention of a Mastermind Group is that peers can help each other solving problems and developing themselves together through input and advice from each other.
The core value of a Mastermind Group is the synergy of energy, motivation, and commitment as well as the willingness to learn and grow together.
The concept of Mastermind Groups was first introduced by Napoleon Hill. In his book Think and Grow Rich (1937) he described Mastermind as a group of at least two people who come together with the aim of solving problems. Hill’s findings mainly based on studying successful American companies which had some sort of Mastermind Groups.
“No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind [the master mind].” — Napoleon Hill
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.
Types and Goals of Mastermind Groups
There is no ultimate solution for the perfect Mastermind Group. There are several approaches which can have different goals and outcomes.
For example, the goal can be the success of an individual person or the success of everyone in the group.