7 Ways to Think and Grow Rich In The Sharing EconomyThrough Mastermind Groups
How collaboration and synergy can bring you the best ideas
One of the most important things I learned when I was first starting out in business is that it was essential for me to find and work with a mastermind group if I was to survive and prosper.
A mastermind group is a peer-to-peer mentoring group. It is used to help members solve their problems with input and advice from the other group members.
The concept of these groups was coined in 1925 by author Napoleon Hill in his book The Law of Success and described in more detail in his 1937 book Think and Grow Rich. The benefits of having a supportive mastermind group are plenty:
1. You have a group of people available to help you succeed.
2. You get the benefit of differing perspectives, input, and feedback.
3. Your mastermind team can bring resources and connections to the table you might not have had on your own.
4. You receive accountability and inspiration from the group, thus enabling you to maintain focus in achieving your goals.
Napoleon Hill even went so far as to say there was a mystical quality created when a mastermind group was formed. He said: “No two minds ever come together without, thereby, creating a third, invisible, intangible force which may be likened to a third mind.” In other words, your ability to create things in the world is increased by having that invisible “third mind” of the mastermind group. Clearly, Hill understood the concept of synergy though the word had not been coined yet.
How to Create a Mastermind Group
1. Seek out individuals with a positive attitude who are also seeking to improve the quality of their lives, are good listeners, and who seem to have some basic common sense.
2. Introspect but still connect. Realize that many friends (and strangers who will become your friends) are truly and earnestly eager to help you at this time, even if they have never discussed such a subject with you. Don’t be a loner. Reach out to others.
3. When you connect with individuals with a positive attitude who are also seeking to improve the quality of their lives, share the concept of a mastermind group without pinning them down to joining. Mention how common the concept is in most societies. Speak of the simplicity of the work required — just an hour or two once per week, or per month.
4. Keep in touch with the members of your group. As the one who has formed it, it is your responsibility to keep your partners interested until they are firmly established in the rhythm of this “solution-based thinking”.
5. Every member of your group should be encouraged to form other groups. Your own leadership qualities can be developed and expanded by taking on the responsibility of encouraging them to do so. Bring this matter to their attention and provide whatever help and inspiration you can to support their efforts. It is only in this way that the “garden of visionary seeds” that you are planting can grow and spread from group to group with little effort.
6. Remember, if you wish, you can have more than one group, even many.
7. Thanks to technology and social networking it is not necessary for the members of your group to live in the same place as yourself. A group can conduct conference calls, a three-way phone call, or make use of cutting-edge technology to facilitate the process. For instance, you can create a group for business brainstorming, one for multi-cultural interaction, etc.
Multi-cultural mastermind groups are a wonderful tool for opening us to an entirely new way of experiencing life. New cultures can expand our world view and reduce the chance that we will unexpectedly accept racial or ethnic stereotypes in our lives or allow them to breed and spread through us onto others.
As a result of your work within your group expands, it should become increasingly easy for you and the members of your mastermind group to experience greater effectiveness, productivity, and self-awareness.
The personal example of a life lived in the right relationship with others is inspiring and infectious.
About the Author: Lewis Harrison, is a speaker, a seminar leader specializing in Applied Game Theory Strategies and Personal Improvement
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