What is a mastermind group?
A mastermind group (sometimes referred to as a “peer advisory board”) allows individuals to come together to present and solve professional challenges in an environment of mutual trust, encouragement, support, and accountability.
Mastermind membership is often fee-based and by invitation only, although informal groups regularly allow members to participate free of charge. Either way, attendance and participation are key components of a successful group. As such, mastermind groups tend to be intimate in number and nature so as to promote individual contribution.
The agenda for a given mastermind meeting traditionally allows for select members to sit in what is referred to as the “hot seat,” presenting a concise professional challenge to the group. In the time allotted, the group shall then brainstorm solutions, identify obstacles, consider resources, offer connections, celebrate achievement, and hold one another accountable for future progress.
In addition to convening mastermind groups himself, Erich educates others on the purpose, format, and benefits of masterminds through his Power of the Mastermind workshops.
During the workshop, attendees learn how to…
- identify reasons for starting a mastermind group
- select mastermind group participants
- consider membership fees
- structure agendas
- facilitate meetings
- communicate effectively with participants before and after the meeting
…and much more.
Workshop attendees take part in an actual mastermind-style conversation so that they can experience the many benefits first-hand.
Time is also set aside for networking, allowing attendees to begin forming their own mastermind groups before the session even concludes.
Contact us today to have Erich speak on the topic of mastermind groups for your organization or conference!