March 25th, 2018 8:25 AM by Christel Silver
Together Means Stronger
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: “A friendly alliance with one or more persons who will encourage one to follow through with both plan and purpose.”
The ideal size of the group is anywhere between 4 and 6 members, if your meetings are 60-90 minutes long, because everybody should get enough time to talk. It is not a networking group, this group helps each other and your mastermind group members will achieve success. It is not about a facilitator coaching each member- it is about sharing with each other and empowering each other. Everyone in the mastermind is unique in skill, experience and connections. They are interacting and sharing any challenges.
The agenda is decided by the group. At the end of each meeting the topic for the following meeting is discussed. They challenge each other to set goals and share the accomplishment. The group helps you making wise decisions. In my group we were discussing CRM systems. Each one of us was searching the internet and exploring the possibilities and then reported why they liked one over the other at your next meeting. Yes, you could google this yourself – but the brainstorming, interaction, discussion and creative thinking would not be available.
The group helps you with creative ideas and wise decisions-making. Then, as you begin to implement your plan, you bring both success stories and problems to the group and problems are solved through peer brainstorming and collective, creative thinking
The biggest value of a mastermind group is that in an instance you have multiple minds using their brainpower to help solve your particular and individualized business problems. It's very much peer-to-peer mentoring and if you are lucky enough to get invited to one, you will most likely see a marked change in yourself and your business.
Whether you are invited to an existing mastermind group to join, or start a new group, you’ll love what this group process can help you accomplish!
Here are some suggestions to ask your members when creating a new group:
I have been a member of a mastermind group for about 3 1/2 years, and it has shaped my life and my business, besides becoming close friends. We can discuss openly our concerns, successes, frustrations – without being critiqued.
Our members – all CRS’s (Certified Residential Specialist) are Clark Niblock, Texas
Joanne Fraser and Jeff Dowler, California and Silvia Dukes and myself from Florida.
We have created a real estate agent marketing Think Tank. We get together once a month via a conference call and when possible in person at real estate events we all attend.
Silvia Dukes is our newest member, she says: ”as one of the newer members of the mastermind group, I appreciate the different perspectives every member brings to the group and the topics we discuss. I find it beneficial to know how things are done differently across the country and maybe even apply that knowledge to my own real estate practice.
Clark Niblocksays: “My monthly interaction with these fellow agents Inspires, Encourages,
Enlightens, Challenges me and keeps me Focused. Each of these 5 successfully agents comes
with very different individual and geographic perspectives, professional insights and career
achievement I absolutely believe this consistent think tank agent interaction facilitates and
increases sales performance plus helps me objectively evaluate and quantify the RESupermen’s team sales results.”
Joanne Fraser shared: “even working in totally different market areas with different challenges,
and real estate procedures, we find common grounds to help each other.”
Jeff Dowler says: Participating in a Mastermind with other top-producing agents from other parts of the country over the last 3 1/2 years has been tremendously rewarding, personally and business-wise. It's been an excellent learning experience to find out what others are doing as far as marketing, lead generation, pricing, and multiple other business topics, and to try new strategies that are working in our respective markets which are quite diverse. Our Mastermind has blossomed into a very personal forum where we can all share our concerns, frustrations, questions, and ideas to obtain feedback and input from others in a positive, supportive way, without fear of criticism. Not only do we learn new things, but we learn about ourselves and our personal styles that contribute to our successes and help us improve the real estate industry. Lastly, we have become very good friends who are there to help each other out, whenever needed.