What is a Mastermind Group
Being a dreamer, a visionary and gaining clarity with the type of life you want to live is important. But the hardest part is being able to execute upon those dreams. Every Irene is a community that not only emphasizes the dreaming part but more importantly the actual doing part so that “one day” actually becomes today.
One crucial component I found that helps me achieve my dreams and keep growing are mastermind groups. You can think of a mastermind group as multiple accountability buddies. A friend that kicks you in the butt when needed and helps you stay on YOUR track. I’m not one for many cliches but I do believe that you are the top five people you surround yourself with.
The goal of a mastermind is rising the tide for everyone in it. To help each person level-up in their field. A lot of us have robust professional networks but a mastermind group has structure and more frequent touchpoints to proactively help you in your career, business or life in general. It’s different than mentorship as it’s more flat in that everyone brings similar levels of experience and knowledge to the table.
Why You Should Create One
Consistent growth. Whichever career path you’ve chosen or wherever you are in life as a college student or otherwise, it’s easy to get comfortable. We need to constantly evolve. Think about your development similarly to the annual inflation we see with global economics. You need to also constantly grow just to keep up with the pace at which the world is evolving.
Connection and community. Let’s face it. Life can feel lonely at times. More so for entrepreneurs, but even in corporate or student life, maybe there are times you ask yourself, ‘am I the only one struggling with this?’ or ‘am I the only one who feels this way?’. It’s hard to admit and be vulnerable, but the reality is we’re all human and go through struggles. Masterminds can create a safe space to let down your guard, bring awareness to whatever you’re struggling with, and help find solutions to your problems from various perspectives.
Motivating energy. If you’re like me, you like competing against yourself and seeing others around you hustling in their lives motivates you to hustle in your life too. It goes back to what I was saying earlier about rising the tide for everyone. You can liken it to a mental gym. Just like sports or any physical training, there’s so much more energy gained whether it’s running, practicing yoga, basketball, or lifting weights when it’s done in a group.
How to Create One
Create a list of group candidates. Create a list of 10 or so people you think would be ideal for your mastermind group. They can be individuals from different industries or have different skillsets from you. Often times, the more diversity you have the better so you can approach your problems from various perspectives and likewise, you can offer advice and help from your own experiences that others may not have thought of.
Choose individuals carefully. Make sure you’re not inviting people from competing competing or industries. This allows for a more open, vulnerable space for people to truly be open about struggles their facing personally or professionally. You also want to make sure people you are inviting understand your rules or standards and are committed to them.
Set standards. The great thing about masterminds is that it’s whatever you want it to be! Like with most things, the more you put in the more you get out. Set weekly calls and time limits for each person to share. Ensure the conversations stay constructive and doesn’t just turn into a complain fest. That’s not the point. The point is to discuss problems, openly diagnose the deep rooted issues, then use the power of the group to help create solutions.
Let us know in the comments below if you are part of a mastermind group. What are some ways you structure it? What has worked? What hasn’t? Or, comment below if you’re interested in creating one! You may find and form your first mastermind group here on Every Irene.