Tuesday, October 19, 2010

Mastermind Groups and You - Part One

Given that creating connections is crucial to success, it makes sense to leverage your time by doing something for yourself and your search for a new opportunities, career or otherwise, simultaneously. As the world moves to towards becoming more virtual and people become more isolated, it is even more important that strategic networking be a part of your strategy for success.

Joining a Mastermind group may end up being one of the better job search strategies out there. These groups are structured to help its members connect with like-minded people to make lasting business connections. Although, Mastermind groups have been around for decades, the activity was typically reserved for the wealthy and the elite.

What is a Mastermind Group?

The idea of a Mastermind Group comes from the book by Napoleon Hill "Think & Grow Rich", written in 1937.

Who Makes up a Mastermind Group?

The Mastermind group is made up of individuals, typically from diverse backgrounds, who meet in an open, supportive environment on a regular basis. They are built on the foundation of trust, confidentiality and harmony. .Due to the group nature, a commitment of time and energy is required. Group members should be motivated people who are willing to ask for as well as offer help and support.

What Goes On at a Mastermind Meeting?

Although the agenda belongs to the group, and each person’s participation is key, Mastermind Groups are facilitated by A Mastermind mentor acts as chairperson for the group. The leader is typically someone that the group respects and can guide its group’s members to share concerns, inspirations, and ideas.

In order for the Mastermind group to be more effective, its members should be prepared to do the following:

  • Give each other feedback

  • Help brainstorm new possibilities

  • Set up accountability structures that keep members focused and on track

  • Create a community of supportive colleagues who will work together to move the group to new heights


Theoretically, it is through this process that the group creates yet another ‘collective’ mind and that this ‘collective mind’ can provide hints and/or insights to help get its individual members get ‘unstuck’, regardless of the issue


Copyright © 2010, Career Matters. All Rights Reserved.Permission to Reprint: This article may be reprinted, provided it appears in its entirety with the following attribution: Copyright © 2010, Career Matters. Reprinted by permission of Mary Salvino.“Career Matters” is a blog hosted by Mary Salvino, Senior Consultant for SMART Career Planning.com. This blog is dedicated to those who are seeking advice on managing their career and future job opportunities. We welcome readers to share their experiences, post their comments or ask questions about career related matters. For any questions or comments that are better addressed privately, please feel free to e-mail Mary directly at Mary.Salvino@shaw.ca