Do Mastermind groups work? And, if so, how?

I've been thinking for some time about joining or creating a mastermind group. However, I'm not sure how to structure it.

I know a small group is ideal, and you invite those you trust and admire. Then what? Do you each bring a topic or question to work on at each gathering? How long is a typical meeting? How often do you meet to make it effective but not overwhelming?

I'm interested in hearing from others who have been a part of a successful mastermind group. Why was it successful? What would you do differently? I'd love to hear your suggestions.

5 Bizniks have posted replies

Posted by Krista Dunk, Olympia, Washington | Jul 03, 2008

My sister (also a business owner) is part of a CEO group. They meet once a month for 4-5 hours and discuss anything and everything - even non-business related things. I think each person brings a topic or question to work on, although they don't always get to everyone's.

That group has approx. 10 members. They brainstorm for each other, strategize, help advise with family issues when necessary, and no topic is taboo apparently when someone genuinely needs help.

Not just anyone is welcomed in, but serious business people are invited to join. It's a trust issue.

Hope that helps! Krista NWweddingplace.com
Posted by Kaya Singer, Portland, Oregon | Jul 04, 2008

I have been in a very successful mastermind group. There were six people initially and then five. We met every other week and had e-mails and phone calls in between. We were all small business owners and had clear goals. I have some written information and guidelines I am happy to share with anyone interested. I have also facilitated mastermind groups. That is another option as it helps build the commitment and structure. In my group we each had three and six month goals and shared our progress, got feedback, support and challenged to be our best. My group lasted for two years until I moved overseas.It helped me immensely. Hope this helps. Contact me mre fore more.

Small business support, mentor, coach, Portland, Oregon
Posted by Amy Woidtke (woid-key), Greater Seattle, Washington | Jul 04, 2008

Lisa Bradley has been running them here for Biznikers. I bet she would gladly talk to you about how to make it happen and work down there in your neck of the woods!

Have fun!

Got personalized, inspiring, supportive, eco-interiors?
Posted by Mark Silver, Portland, Oregon | Jul 11, 2008

Hey there, Tia- I believe you have my book, which has that bonus pdf "Mastermind of the Heart" which describes the very successful mastermind structure that I've been using for years now.

It's gone through some big changes, and I even changed groups at one point- but that's all part of the process.

Take a read through that booklet on Masterminding- let me know if you need to access it.

Can working on your business nourish your heart?
Posted by Taylor Ellwood, Portland, Oregon | Jul 14, 2008

Hi Tia,

Think and Grow Rich by Napoleon Hill is an excellent book to read to learn about Mastermind Groups. I'm participating in a couple and I've found them very useful so far, in helping me get clear on my goals. Contact me if you have any questions.