During the past several months I have talked about Mentoring – Micro Mentoring and Reverse Mentoring.
Let’s review
Micro mentoring is an abbreviated form of Mentoring. Rather than contracting for months, Micro Mentoring is a once or twice meeting with your mentor. Needless to say, “You’ve got to be ready!”
Reverse mentoring is a new concept introduced by Jack Welch when he was at General Electric. In reverse mentoring, the younger professional mentors the older professional.
Today I am shifting gears… to Mastermind Groups.
What is a MasterMind Group?
In his book, “Think and Grow Rich,” Napoleon Hill defines a “MasterMind Group” as the coordination of knowledge and effort, in a spirit of harmony, between two or more people.
Typical MasterMind Groups are small, with no more than eight people.
MasterMind Groups are not networking events. Group participation is at the forefront.
7 Reasons to Join a Mastermind Group
- You’ll be part of an exclusive community
- Other members of the group will become your business associates
- Collaboration is the name of the game
- Extend your network
- New learning
- Cross-promotion
- Think bigger
What are the top 3 benefits of being a mastermind member?
1. According to the U. S. Bureau of Labor Statistics, around 20 percent of businesses fail during their first year. The whole concept of a mastermind is to tap into the strength of a group network.
2. A Mastermind increases goal achievement. A study by the American Society of Training and Development found that people have a 65 percent of achieving their goals when they commit to another person.
3. In The Compound Effect, Dr. David McClelland shows that “The people you habitually associate with determine as much as 95 percent of your success.
Tips to Find a Mastermind Group
Consider:
- Why you are joining a mastermind (purpose)
- What you want to achieve from the experience (results)
- How the considered options could get you closer to your goal (benchmarks)
- Research multiple mastermind groups
- Know the commitment that you are making
Are you interested in a short-term, focused, intensive group? Let me know and I’ll send you an invitation to a “discovery group.”
