What’s a Mastermind Group?

I am so grateful to Napoleon Hill who introduced the concept of a “Master Mind Alliance” in his book, The Law of Success. He expanded upon the concept in his next book Think and Grow Rich. The term has shifted to Mastermind Group” but the concept is the same. He said that a mastermind alliance involves two or more people who work in perfect harmony for the attainment of a definite goal. He described a mastermind group as “a friendly alliance with one or more persons who will encourage one to follow through with both PLAN and PURPOSE.” He explained the concept and encouraged people to gather together in a structured environment for the success of ALL.

The picture above is from the most recent mastermind group that I participated in. I’ve been a part of close to a dozen of these types of programs and I’ve found myself loving EVERY minute of it. The environment of a mastermind, when done right, fosters expansion and growth. The best masterminds are FRIENDLY, GROWTH-ORIENTED and participants are WILLING to share information.

Over the course of six months, our group met virtually to brainstorm, hold each other accountable and provide support in a group setting. Our backgrounds were different and included corporate executives, entrepreneurs, attorneys and creatives. The program culminated with an in-person multi-day retreat in Tulum, Mexico where we continued to support each other. Our facilitator, Jenny Fenig, kept us on track with our commitments and provided exceptional coaching and consulting to each of us. She has been one of my most trusted advisors over the past few years and her advice is always on point. The mastermind required commitment, confidentiality, a willingness to both give and receive advice and ideas as well as total honesty, respect and compassion. We each acted as devil’s advocates and supportive colleagues. These were all critical to our collective success.

As a result of my experience as an active Mastermind participant, I have decided to start my own Mastermind group this fall. I’ll be rolling out more details later this month as I invite in women that I believe could benefit from having a safe space to bring their challenges, problems and concerns.

Finally, I leave you with quote from Napoleon Hill that says, “no two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind.”

Posted October 10, 2017
Category: Blog, Leadership, Updates from Tracy

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