How To Start a Business Mastermind Group The Right Way

If you have come here, you are most likely thinking of starting your own business mastermind group. Well, if that is so, then you have come to the right place.

To begin with, it makes sense to mention that the concept of mastermind groups was first introduced by Napoleon Hill in his book called “Think and Grow Rich“. In the book, he explained that “The coordination of knowledge and effort between two or more people who work towards a definite purpose in a spirit of harmony… No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind”. 

Having been a part of other people’s mastermind groups and even led one of my own, I can say with all honesty that it is the most effective and quickest way to educate yourself and become an expert in some field. No other type of education can stand even close to a group of motivated, like-minded people that are working towards a definite purpose in a spirit of harmony.

Now, let’s get into the nitty-gritty of what it means to have your own business mastermind group.

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What is the purpose of your business mastermind group?

When in the process of creating a business mastermind group, the very first thing that you should be asking yourself is: “why am I doing this?”

Now, I am sure that if you have decided to start your own group, then you kind of already have an idea why you want to do it. You may be thinking of things such as:

  • making more money and being able to work from home
  • creating new connections with like-minded people
  • feeling the need to give back and share your wisdom
  • wanting to learn from others in the field

Regardless of whether you want one of the above or all, the goal is to understand what exactly you are after. Knowing your cause, the purpose, will allow you to see the bigger picture, which will help you figure out all of the other details of your future group.

Remember, you want to be strategic about your business mastermind. Once it has been created, you can’t go on switching things around.

Identify your tribe

Who will your group members be, the tribe?

Think of the people that you want in and ask yourself a few very important questions.

How to Start a Business Mastermind Group Guide 2

What type of business should the members own?

If you already know what the purpose of the group is, then it won’t be difficult to answer this question. Do you want your…

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