Leadership: The Power of a Mastermind

leadership“The strongest oak of the forest is not the one that is protected from the storm and hidden from the sun. It’s the one that stands in the open where it is compelled to struggle for its existence against the winds and rains and the scorching sun.” -Napoleon Hill

What do Thomas Edison, Henry Ford, and Harvey Firestone all have in common? In addition to being powerbrokers of industry, revolutionaries of their crafts, they ALL belonged to a mastermind group. In fact, they all belonged to the same mastermind group! Imagine being there when these leaders convened on a regular basis to share goals, resources, innovations, strategies, and contacts. The results are written on the pages of history.

“…you are the average of the five people you associate with most, so do not underestimate the effects of your pessimistic, unambitious, or disorganized friends. If someone isn’t making you stronger, they’re making you weaker.” –Timothy Ferriss, The 4-Hour Workweek

What is a mastermind group? Each one is different, but essentially it is a group of people that are committed to a journey together. A mastermind group that I belonged to seven years ago met for a year, weekly for 2 hours a week. The format of our meetings:
◾Opening reflection (one member would share a quote, prayer, or small story of inspiration)
◾Round robin style, sharing 1-2 successes from the past week (2-3 minutes for each member)
◾Round robin style, sharing of an issue you want the group to take a deeper dive on and co-develop a best next steps plan (10-20 minutes for each member, depending on the issue and needs of other members)
◾Round robin style setting of goals for the next week (often based on best next steps plan, about 2-3 minutes for each member)
◾Close in positivity, this could be a round robin sharing of ‘what’s right in this world’, sharing of gratitude, complimenting members of the group…it was different each week but we always parted in a positive light

So many breakthroughs were experienced by members of the mastermind group. My personal transformation included securing my first professional speaking engagement, deciding to go back to school for my MBA, and setting me on the path toward my first executive role.

Going into the next year, develop a mastermind group of 4-10 people to share the journey of 2014 with. You will be developing a powerful network of support and having a weekly opportunity to tap into the collective wisdom with your mastermind cohort of fellow professionals.

The best way to save time, money, and pain while still achieving your goals is planning and setting foundational systems in place. Don’t wait until January to set your personal and professional goals. Start today and put together a mastermind group!

Shawna Beese-Bjurstrom, RN, MBA lives in Spokane, WA with her family where she is an Executive/Business Coach.  She writes on issues such as healthcare strategy, operational excellence, communication, and leadership, read her blog.
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2 COMMENTS

  1. I have been in a Mastermind group for two years and cannot express how grateful I am to have one. The collaboration and accountability gifts are extraordinary and I have made more progress in my business than I could have ever imagined. I venture to say that my Mastermind group has been and still is the number one success factor for my business. Thanks for the article!