How to Create and Run a Mastermind Group for Maximum Profit

How to Create and Run a Mastermind Group

by Karyn Greenstreet (Copyright © 2004, by Karyn Greenstreet. All rights reserved.)

What is a Mastermind Group?

There is synergy of energy, commitment, and excitement that participants bring to a Mastermind Group. The beauty of Mastermind Groups is that participants raise the bar by challenging each other to create and implement goals, brainstorm ideas, and support each other
with total honesty, respect and compassion. Mastermind participants act as catalysts for growth, devil’s advocates and supportive colleagues.

The concept of the Mastermind Group was formally introduced by Napoleon Hill in the early 1900's. In his timeless classic, "Think And Grow Rich" he wrote about the Mastermind principle as:

"The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony."

He continues ...

"No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind."

In a Mastermind Group, the agenda belongs to the group, and each person’s participation is key. Your peers give you feedback, help you brainstorm new possibilities, and set up accountability structures that keep you focused and on track. You will create a community of supportive colleagues who will brainstorm together to move the group to new heights.

You'll gain tremendous insights, which can improve your business and personal life. Your Mastermind Group is like having a objective board of directors.

What Will You Get From It?

• Experience, skill and confidence
• Real progress in your business and personal life
• An instant and valuable support network
• A sense of shared endeavor - there are others out there!
• Design things to be the way you want them to be, not as you've been told they "should" be

Who Should Attend?

People who:

• have a similar interest (such as a group for self-employed
• people, or a group for spiritual thinkers, or a group for people in a
• certain corporation or industry)
• have a similar skill and/or success level
• have the desire and inspiration to make this year extraordinary
• want a supportive team of Mastermind partners
• want to reach or exceed their goals
• are ready to let their desire to be passionate about their life
• and work overcome their fear of change

How Does It Work?

Mastermind Groups can meet in person, on the telephone, or via online message boards. For those groups that meet in person or on the phone, typically a once-a-month meeting is scheduled. You can find a Mastermind group here, or learn how to start your own Mastermind
group.

Because of the group nature, a commitment is required. Look for highly-motivated people who are willing to ask for -- and give --help and support.

How Do You Screen Applicants?

Before agreeing to let any new applicants into your group, it’s important to screen them to make sure they’ll fit into the existing group and that their commitment level is high. Decide in advance how many people should be in your group (5-8 is recommended), and only allow new members into the group with the unanimous consent of everyone in the group.

• Do you have a personal or business mission or vision statement?
• What are your five-year goals?
• Where will you find time to participate in the Mastermind Group?
• What is your commitment to moving forward in your business and personal life?
• Why should you be chosen to participate in this group?

Even with a screening process your group is likely to run across people who say that they’re committed but then don’t participate, or who say that they’re honest but then fail to keep the trust of the group. Be prepared to ask people to leave the group who are not participating up to the group standard and do it quickly once the poor behavior becomes evident. A "slacking" member will bring down the energy and fun level for the whole group.

Mastermind Groups create a win-win situation for all participants. New friendships develop and everyone grows because of the support and encouragement of the Mastermind Group.

How Pride & Money DON'T Mix

How Pride & Money DON'T Mix

Here's the point of this blog...to help everyone get to their first million. We're not interested 'get rich in 30 days' rubbish. Can it happen? Yes. Does it happen by you signing up for some affiliate program...No, most likely
it won't.

Here's our story...
We once had a large home in a nice neighborhood on the bench. We were making a lot of money, I had my own business, free time, vacations in Greece & Costa Rica. We could afford to do whatever we wanted; we had the best of the American Dream....& then the bottom fell out from under us.
My business partner quit & left me with a ton of debt causing a domino effect.

We burned through our equity, my business went up & down, our investments died, all sources of income stopped.
We were once 'the family' in our ward; we had it all. As it began to unravel, I had to uproot & move my family. With 3 little children & a wife 9 months pregnant, we were forced to sell our dream home and move into a rundown area of town into a home filled with black mold & possibly meth fumes.
After unpacking, we only stayed in the house for one night; the mold & chemicals nearly causing us to black out.
Once again, I packed up my family & had to move into my wifes parents home to sleep on the floor or couch. Our family of 6 crowded into a home with five already there. We only stayed for a month & then moved again into a 70 year old, 1600 square foot rental home owned by one of my wife's high school friends.
There I was, 40 years old, with a dead end job & no prospects; having only made about $3000 dollars in 6 months, a family to support; how in the world had this happened to us?

In a word...PRIDE. Complete, evil Pride.

We had grown prideful of the trappings of our 'success.' It was very intoxicating to realize that I made more in one month than most people made in the entire year. Slowly, with little perception, this pride led to seeing others in a different light. I had the outward appearance of a good person but, deep inside I was prideful.
Pride I found leads to Fear. Fear feeds pride but, pride is a insatiable beast that can never be sated & will eventually will bring about complete failure. I was deeply afraid that the money would run out, and it did. This fear led to our downfall.

During the downfall, I found myself sitting in a cubicle surrounded by 90 other salesmen who were 25 years my junior, working 60 hours a week at a commission only job when I had once owned my own company was crushing to my soul but, very, very therapeutic.
I had a lot of time to think & reflect on what had happened in the last 12 months. I did a lot of fasting & repenting; I changed.
At this time (perhaps out of desperation) I began to get into success literature: Anthony Robbins, T. Harv Eker, Napoleon Hill, James Arthur Ray et al & I realized, "I did this to myself!' I'm 100% responsible for my life & no one else." We lost it all because of pride, fear & doubt.

I want others to learn from our mistakes & see us climb back out of this. I have also established a discussion forum where I want everyone to come & discuss how they are working to earn their first million & I want to invite our team to join in the discussion:
http://groups.google.com/group /millionaire-mind-set?hl=en

Our discussion group is dedicated to helping everyone reach their first million but first, everyone needs to change their thinking down to their DNA to get themselves in the mindset to be a millionaire. Having had a lot & lost it all, I can directly testify that you must be able to first be a thousandaire before you can be trusted with a million & be a millionaire.

We want everyone to come & join the discussion. We have a STRICT 'no spam' policy & I moderate all messages to make sure that we're always on task & not discussing ' rubbish.

So, please invite anyone who wants to discuss how we can help one another become successful from the inside out.

Cheers,

Darrell

Millionaire Thoughts: How to get your mind clear for maximum results

I want to open a discussion on how everyone first gets themselves clear & then gets clear about what it is that they want.

Here's what I do to get clear...
1. CHECK MY EMOTIONS: This is the classic THOUGHTS lead to FEELINGS, feelings lead to ACTIONS, actions lead to RESULTS.
If my thoughts are constantly on the fact that I've lost my nice home in the nice area it was in & that I went from making a tremendous amount of money each month to a lot less then...my thoughts spiral downward thus creating negative, low-level energy feelings which thereafter lead to self-defeating actions which finally result in status quo.

By thoroughly checking my emotions, I ensure that they are high-level, positive emotions that will result in the effect I want. Since this newsgroup is dedicated to having a millionair mindset, I continually repeat to myself, "I am a multi-millionaire & I'm financial successful.'
After beginning this new, high-energy weatlh building thought, I go over what it feels like to be a millionaire.

Now, I've had the previlege to know first-hand several multi-millionaires who built a tremendous level of wealth. With this envaluable experience I can truly think & feel how it feels to be a multimillionaire.

One mult-millionaire that I know is very giving to our community; he has set up a large museum to which I take my kids on a frequent basis. Another multi-millionaire that is a personal friend of my wife paid for her all of her college & sent her on several medical relief trips to different areas of the world.

These creative, clear & give wealth building thoughts give rise to feelings of wealth & prosperity. Holding the feelings of abundance, wealth & prosperity then move me to money making actions & activities. I now are mentally charged to make that next sales phone call, talk to that new, potential client & create that next money making email that I will sent out to my mailing list.

I also have the added bonus of having had a small taste of financial success. As I began my rise to my first million dollars, IPublish Post found that I was more giving, more compassionate. If a person who was down on their luck approached me I would ask them if they were really hungry or, if they wanted the money for some other reason. I don't believe it's my position to judge but, I will not enable someone in their destructive lifestyles. Therefore, I would often take someone into a local restaurant & have them order whatever they wanted & I would then have the kitchen create two more orders for them to take with them.
This made me feel wonderful; not that I was the lord of the manor but, that I had the financial where with all to help more than I normally would.

2. CONTINUE IN MY HIGH-LEVEL THOUGHTS: I continue to monitor my thoughts to ensure that I have high level, millionair mind set thoughts.