I’ve been hearing the buzzword “Mastermind Group” for a few years now and wasn’t really sure what it is. Later on, I joined a mastermind group for a while which is now finished, so I know more about it by now.
But I still would like to articulate to the ones who are not sure what this means, What a mastermind group is exactly and what you can get from it?
I made some research on this:
If you will google “what is a mastermind group?”, you’ll get to a lot of references to Napoleon hill famous book: “Think and grow rich”. Some search results quote from the book a sentence or two and then going on to the most practical info of how exactly you run such a group. I decided to check if these quotes are real and not rely on the “quotes” but looking into the source. Here is what I’ve found.
Napoleon Hills talks about 3 sources of knowledge to gain power and grow rich:
- Infinite intelligence
- Accumulated experience
- Experiment and research
If you want to read more here is a reference to his book. The page specifically about mastermind groups is on pages 175 – 181
Why I’m telling you all this?
Mike Michelini and I decided to open a mastermind group to link minded people. As Napoleon Hill puts this:
The “Master Mind” may be defined as: “Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.”
No individual may have great power without availing himself of the “Master Mind.” In a preceding chapter, instructions were given for the creation of PLANS for the purpose of translating DESIRE into its monetary equivalent. If you carry out these instructions with PERSISTENCE and intelligence and use discrimination in the selection of your “Master Mind” group, your objective will have been half-way reached, even before you begin to recognize it.
so, we defiantly want your goals to at least be “half-way reached”, with mastermind.
Two sources of knowledge will come into place on this mastermind:
- Accumulated experience – Mike and I will contribute from our experience and knowledge advising and helping the members of the group as well as gaining knowledge from other members.
- Experiment and research – As all members of the mastermind group are required to share details about their work, you will also gain knowledge from these as well.
I don’t like the word “discrimination” in Napoleon Hill’s text as it has a negative context these days, but since we are looking for the right people we do have an application process in order to join the group.
What kind of results can you expect from participating in such a Mastermind group?
Mastermind group as you probably understand by now are all about the community. A community that you can trust and openly discuss business decisions you need to take, complete knowledge gaps and use other members networks.
We think that this group may lead to:
- Business breakthroughs
- New partnerships
- Ability to build a better product or focus on new audiences you didn’t think of.
- Long term relationships you can leverage towards your next business goals.
What’s our commitment?
No, we are not magicians, so we won’t promise you things we can’t live up to
However we do know that with both of us being involved in the Chinese business world since 2007, we can contribute from our knowledge and connections to your business goals. Both Mike and I have been heavily involved in the tech sector in China for the past few years, creating our network and helping people grow through it. We will share our knowledge and network in order to make people in the group succeed and reach the next level in their businesses.
We will also carefully choose the group’s members to create a safe environment where people can share knowledge and dilemmas. We will open a Facebook group for all our members, which will stay open the whole time and not only during our weekly calls.
What will the weekly calls include?
Each week we will have a round table of each member sharing their struggle for the week and achievements. Then each week we will highlight two members where other members will deconstruct their business and make suggestions on how to improve it.
It’s important for us to keep this group small as we want to give the most value to this new group. Therefore this time, the group will include Mike and myself joining all calls, actively participating the Facebook group and working with the members and connecting them to the right people we know.
It’s only 8 people, so every person gets special attention from us and the rest of the group.
Application process only lasts until December 31st, when then we will start going over the applications and let people know if they got accepted. We can’t accept everybody, for different reasons.
The main one will probably be refused is that we want to make sure we can help your business with our knowledge. The 2nd reason might be that we want to make sure people in the group are coming from the same field or set of problems and can help each other.
Anyway, We will still keep your info for our next groups which we plan to open in the future.
Both Mike and I are open for questions on the process. Frankly, Mike is best to reach via his Twitter or China business cast email. I can be reached through the contact form, email, or twitter (@StartupNoodle).
Here is Mike’s side of the story on his blog
Now Over to you
Image credit by modup.net