The Perfect Mastermind Formula has been renamed and changed to The Knowledge Business Blueprint.
Dean Graziosi and Tony Robbins have just recently decided to change the name of their brand to Knowledge Business Blueprint and so has changed the website address. This is the new website: https://www.theknowledgebusinessblueprint.net and the official review website: https://www.gfkamerica.com/product-reviews/knowledge-business-blueprint-review
Their Social accounts were moved as well:
Mastermind groups – what they are and the benefits they bring
Following your dreams and building a business from the ground up with your own two handscan be hugely rewarding, but relying solely on your own knowledge, judgement and perspective can sometimes curb the potential for growth and new business opportunities. Meeting people with similar interests and ambitions to exchange ideas can help you overcome your obstacles and open new, previously unexplored venues for your business to thrive.
That is what mastermind groups essentially are – an assembly of people, sharing common interests and objectives, designed to exchange ideas and knowledge. The concept was introduced in the 1930s by the American author Napoleon Hill, describing it in his highly popular business book Think and Grow Richas “the coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.” Even though more than 80 years have passed since Hill wrote those words, the concept still feels fresh and new to most people.
Mastermind groups come in different shapes and forms, from long-standing organizations, to less formal Facebook groups and chat applications like Slack with focused chatrooms. As usually, there are positives and negatives to every type.
Traditional organizations like YPO (formerly Young Presidents’ Organization), Entrepreneurs’ Organization and World Presidents’ Organization are generally non-profit organizations, created by successful entrepreneurs andbusiness ownerswith the purpose of networking, mentoring and learning. These are all well-established institutions with a lengthy presence. Admission requirements are usually in place for new applicants, like minimum annual revenue or company’s estimated worth, and members are expected to pay a membership fee. Members from around the globe are organized into smaller local chapters and groups that operate by scheduled, regular in-person meetings.
The well-thought-out structure is one of the major advantages of such organizations. The initiation requirements ensure that the members are highly-motivated and committed, and the size of the membership body provides a diverse range of business backgrounds. On the other hand, some people might find the structure a bit rigid and focusing on specific topics difficult with such a broad scope of people involved.
Facebook groups or forums, focused on business, vary from less to more formal. Some have similar membership rules as the organizations mentioned before – annual revenue, company worth or age limit, while others are free for everyone to join. Groups like The Startup Chat Mastermind Group, Small Business Connections, Women in Business, Digital Marketing Questions, Millionaire Mindset, Software as a Service (SaaS) Growth Hacks and Black Owned Business Portal cover a wide range of business topics and advice, and cater to people from nearly all backgrounds. No matter how specific your problem is, odds are you will be able to find a group that will help you.
With such a large number of groups available to a potential user, it can sometimes be difficult to sift through the weeds and find the one that really suits your needs. You should also expect to invest more time with free groups as they tend to be fairly large and there will be lots of background noise and redundant information for you to navigate. The benefits, on the other hand, are the anytime, anywhere access and the diverse, narrowly focused topics. Not having to commit to a lengthy debate and just simply asking a one-off question is also a very helpful feature of such social media groups.
Lately, chat apps are also emerging as a widely used business communication service. Started as an internal tool, used by the company while developing an online game, Slack app has since become a very popular team collaboration tool. Chatrooms are easily created for workplace or everyday communication, or you can join a group, focused on a specific topic, where you can interact with other users. The pros and cons are basically the same as with Facebook groups, but there is a really handy feature available with Slack – all content is searchable, including conversations, people and files.
If none of these options or “formats” appeal to you, you can always start your very own mastermind group that caters to your interests and needs, and free yourself of rules and restrictions that you find impractical. You will need to invest your time and resources in doing so, but the results should be very rewarding as long as you follow some guidelines.
The basic steps to start a mastermind group
Choose a topic – this will be the cornerstone of your group. It is up to you to decide how wide or narrow your focus will be. If this is your first group, it is generally recommended to start with a more specific topic that will be easier to manage.
Pick your members – the people your invite, are the core of the group. Choose people with similar interest and aspirations that you think will be mutually beneficial to your cause – the group will only be as good as its members, after all. Decide on the size of the group. While more people will bring more knowledge and diversity, smaller groups will be easier to manage and will allow better communication. Set some requirements for members to join the group. This will ensure a level of commitment and motivation.
Establish rules – once you have picked your members, set some ground rules they need to follow in order to stay in the group and keep the group functional and beneficial to everybody involved. Possible disciplinary measures should also be agreed upon beforehand, not when the situation is already out of hand.
Set a schedule – decide when and how often you want to meet and how long the meetings will last. Choose the way you intend to meet and communicate – in person, by phone, email, video conference or chat app. Agree to a regular schedule, make sure every member keeps their appointment and is punctual, and finally, simply meet.
To conclude the subject of starting your own mastermind group – some general advice. Each member should be given an equal amount of time, the conversation should be respectful and without interruptions. Deciding on the current topic and choosing a facilitator is not strictly necessary, but it might smooth the process. Make sure a record of the meetings is kept regularly, to capture all the lessons, the triumphs and the goals achieved.
Finally, let’s highlight some of the benefits of joining or starting a “mastermind”:
Advice and support – members of the mastermind group will hear out your business problems and queries and offer their advice on how to tackle such issues. They might have similar experiences themselves and will know how to proceed. Group members will support each other to achieve the desired goals and will hold you accountable to the objectives you have set for yourself. This will serve as an added motivation for your growth and progress.
New knowledge – each mastermind member will bring unique knowledge and experience to the table. Discussing potential stumbling blocks and approaches to deal with them is the cornerstone of every mastermind group as it allows the members to share the knowledge they possess and shed light on situations unknown to others. By interacting with your fellow members, you should learn something new at every meeting if the group was chosen fittingly.
Varied points of view – every member of the group has led a different life and has had different business experiences. Comparing advice or offering alternative solutions can broaden your way of thinking and tackling problems. Even if you disagree with a certain perspective, it is useful to consider different points of view as an exercise and it might bring up ideas you would not consider otherwise. Acknowledging other members’ take on things will improve your approach to business and life in general.
Resources and networking– during the course of their life, every person in the group has developed relationships, connections and resources that can benefit the others and vice versa. By creating or joining a mastermind group, you have already expanded your network and you usually gain the networks of the other members as well. People prefer doing business with like-minded individuals after all and so, why not open some doors for the fellow member that can be mutually beneficial.
Companionship – surrounding yourself with people that share similar interests and values can create strong bonds and lasting friendships. Group members that meet and interact regularly will naturally start to develop such connections. Besides all the other benefits, you might make a couple of new friends along the way.