Entries Tagged 'planning' ↓

Some people like to cooperate with others to achieve their goals, while others prefer to chase their dreams on their own.  I find that involving mutually committed partners in my pursuits is intensely rewarding – especially mastermind groups.  I’ve strengthened my friendships, made measurable progress towards my goals, and continue to grow thanks to the support I’ve received in my mastermind groups over the years.

In this article I’ll lay out what a mastermind group is, the benefits of having a mastermind group, and concrete strategies and actions you can take to start your own mastermind group today.

What Is A Mastermind Group?

The first place I came across the concept of a mastermind was in Napoleon Hill’s Think and Grow Rich.  In it, Hill describes a mastermind group as:

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

In my experience, my mastermind groups have formed around multiple people striving for a common purpose – from goals as small as college admissions and improving fitness, to as large as your entire life.

What Are The Benefits of a Mastermind Group?

• Mutual support. I like to form groups around a specific activity, but even with differing goals you’ll be able to lean on each other for support.  Many times when my progress has slowed on a specific goal, the members of my mastermind are the only people who really understand what has been going on behind the scenes, and give me support in spite of my failed efforts.
• Differing perspectives.  Hearing the different views my fellow mastermind participants have allows me to see issues I wouldn’t otherwise become aware of – in my life, and in my approach to my goals.  Whether I agree with their assessment or not, it always gives me a better understanding of how I can better improve my approach.
• Resources.  Everyone in your group will have access to a different skillset and network of people. I’ve often found that when I ask for help in my mastermind groups, these resources help me make progress in ways I never could by myself.
• Accountability.  My fellow group members hold me accountable to goals I set.  In addition, just knowing that I have a regularly scheduled meeting internally drives me to make progress – because I don’t want to be the only person reporting back that I haven’t made an effort to move my projects forward.

How Do I Start a Mastermind Group?

Starting a mastermind group is deceptively simple in its steps:

• Pick a Topic.  This may be as narrow as you like, or as broad as you like (such as your entire life).  If you are new to mastermind groups, I would recommend picking one specific aspect of your life to start out with.  Perhaps fitness, your career, school, or some other broad area that you would like improvement with.
• Pick your Partners.  I’ll discuss this in detail below.  A mastermind group is only as good as the people in it – pick your partners with care.
• Agree On Ground Rules. I’ll provide some guidance below, but keep in mind the purpose of setting rules is not to stifle anyone – the purpose of the rules is to ensure everyone benefits from the mastermind group. I like to keep a loose set of rules and count on mutual respect of the individuals to keep everyone in line, but you may choose to have strict ground rules if you like.
• Meet!

Who Should I Invite Into My Mastermind Group?

Two words:  mutual beneficiaries.  Any member in your mastermind group should not only be able to provide you with sound feedback and advice, but should be able to receive some benefit from your feedback as well. Some qualities I look for in a participant include:

• Similar Drive and Commitment.  You want everyone in the group to be similarly committed. If one person is striving to compete in a bodybuilding competition, while you’re just trying to cut the sugar out of your diet, you may not be compatible for a mastermind group.
• Diverse Skill Sets.  For me personally, I am very analytical and approach things from a scientific, engineering perspective.  I enjoy mastermind groups where some people share this perspective, but also gain valuable feedback from people who are perhaps more abstract and in touch with their emotions (as opposed to a “cold” analytical approach).
• Problem Solvers.  This is my personal preference, I like partners who are active problem solvers.  My purpose in a mastermind group is to get feedback, solutions to my issues and move forward.

I like to limit mastermind groups to between 3 and 5 people.  This keeps meeting short, in depth and on point.  You can experiment with more or less, but I recommend starting with 2 or 3 if this is your first time with a mastermind group.

How Do I Run A Mastermind Group?

1. Meet Regularly And Precisely. I call this the “nuts and bolts.” Keep to a regularly scheduled time, ensure all members are punctual – and end on time. I typically meet for 60 minutes once a week. You may require more or less time, but ensure that you have adequate time because you want to…
2. Give each member equal time. We don’t use a timer, but for larger groups that may be necessary.  I keep most of my groups to only three people, and generally we are all aware that we have approximately 20 minutes per person, and try to keep it in that time frame.
3. Don’t Interrupt. One person at a time, and keep in mind the purpose of the meeting is to give everyone a chance – it’s not always about you. Hold all comments until the person speaking has a chance to speak. We generally do not jump in at all unless someone has a specific question.
4. Decide if you need an agenda. My mastermind groups typically have a conversation topic (often decided at the meeting prior), but no explicit agenda.  I previously have run groups that had more explicit items on the agenda for accountability and progress reports – try it out and decide what works best for you.
5. Decide on whether to have a facilitator. In my groups, I start the calls, and act as a very loose facilitator – I point out who is going to go first. That’s it – everyone polices themselves. Perhaps your group will need a facilitator who is more active – keeping people on target for time, and moving you from one items on the agenda to the next.
6. Capture.  Make sure you capture what happened at each meeting – lessons and triumphs, goals, and items you want to keep each other accountable to.  I like to use Google Documents and Mindmeister.  When I conduct groups online using Skype I use MP3 Skype Recorder (free) to record mp3s of my calls.

Three Question To Kick Start Your Mastermind Group

If you’re ready to start a mastermind group, you may want some very basic structure help you in the beginning.  These three questions never fail to get my mastermind groups off to a great start.  As your group evolves, you’ll come up with your own agenda and questions that you’d like each member to answer – but if you don’t know where to begin, this is a great place to start:

• What Are You Working On? Nice and broad, and each member can answer with whatever they feel comfortable sharing.
• What Did You Learn? Very often my groups are focused on similar goals, and lessons learnt by one member benefit all of us.
• What Do You Need Help With? By having a specific question on the agenda, this helps take pressure of members who want to reach out to the group for help.

Your Thoughts and Strategies?

What do you think?  Have you run a mastermind group before?  Do you have additional tips to share, or perhaps pitfalls to avoid?

Sid Savara is a a lifehacking fanatic. Visit Sid's website for more information about how to get motivated and analysis driven personal development. Sign up for his newsletter and pick up a copy of his free motivational quotes book, The Little Book Of Big Motivational Quotes.

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A Quick Survey

Before we get under way with today’s briefer-than-normal chat, I want to conduct a little research on the run. Put up your hand if happiness is one of your aims in life. And no, participation is not optional at Stepcase Lifehack today. Yep, even you scaredy cats. Okay, keep ‘em up so I can count… 1001, 1002, 1003… yep; that’s all of you. Guessed as much. So it seems that despite the fact that we’re all different people, in different situations, inhabiting different parts of the globe… we have one common goal; happiness.

Who’da thought?

But do we Need a Happiness Plan?

We create plans to build wealth. And plans to lose weight. Plans for our dream home. Future plans. Travel plans. We plan the academic path that will lead to our ideal career. Or so we think. We plan our wedding (well, some do). Our marriage. Our family (2.3 kids and a Golden Retriever). It seems we have a plan for pretty much anything that’s remotely important in our lives, so why wouldn’t we have a plan for the thing which drives us all: a desire to be happy? Perhaps we think we’ll find it in all our other plans? That is, happiness will be the net result of all the other.. stuff.

Blaah Central

If happiness is such a universal pursuit, why does it prove to be so elusive to so many? Dare I say, to the majority? Perhaps not in your (personal) world, but step back a little and take a peek beyond your fence. Take a look around. And not a cursory glance, a proper look. Examine the faces, the body language, the posture. Listen to the conversations, the words, the tone. So much of it reeks of… blaah. So much of it seems to be devoid of happiness.

Why the Long Face?

Walk around your city and look people in the eye (don’t get beaten up in the process) and what do you see most? Fear? Uncertainty? Stress? Self-doubt? Frustration? Apathy? If you had to label it, what would you say the dominant emotion is these days? Would it be closer to the positive or negative end of the emotional scale? To be honest, I’m not seeing a whole lot of joy out there lately. Why all the long faces? Why all the busy therapists? Why all the affairs? And body-modifying surgery? And substance abuse? And other addictions? And why all the accumulation of stuff we don’t need with money we don’t have?

Could it be that when it comes to the universal goal, we’re missing something crucial? Something massive perhaps? Like the whole point? Could it be we’re looking where happiness ain’t? Perhaps we’re chasing the wrong things? Perhaps we shouldn’t chase at all?

Could it be that happiness is not to be found in the chasing but rather, in the choosing?

The Accumulation Lie

Maybe happiness doesn’t live in places or things? Maybe our happiness methodology and mentality is all wrong? Could it be that we don’t really understand it? Or maybe we don’t recognise it because we’re not sure what it looks like. Perhaps we already have it and don’t know? Perhaps we unknowingly and unintentionally make happiness an impossibility? Perhaps that’s it over there, hiding behind our insecurity, fear and self-doubt? Maybe it’s in the second drawer underneath all our issues? Perhaps it’s obscured by the crap. The cerebral crap. The emotional crap. The human crap. The crap we hold on to. The crap we believe. Perhaps we don’t see it because, like the masses, we have somehow bought into the lie of the ego; the accumulation lie. The when we get enough stuff we’ll be happy paradigm. You know the one. And if we’re not happy, it’s obviously because we need more stuff. Or new stuff. Or different stuff. Or best of all: stuff nobody else has.

Bingo.

Perhaps happiness is not to be found in the chasing, the acquiring, the accumulating or even the planning; perhaps we’ll find it in the letting go. That’s where I find it.

I’s love to hear your thoughts on happiness. It’s such a universally relevant issue — it might make for some interesting group discussion. Feel free to be as deep, philosophical and/or spiritual as you like. What has your journey taught you? What do you have to teach the rest of us? Could we (the collective mindset) possibly have it wrong? Has your thinking (about happiness) changed over time? If so, how? What have you had to un-learn along the way? Can happiness be a permanent state or will it always be transient? Is happiness a matter of perspective? Is it different things for different people? Is happiness.. joy? Is it contentment? Is it the absence of fear? Or perhaps the absence of pain? What do you think?

As always, we’re not about “right or wrong” here at Stepcase Lifehack, we’re all about the respectful sharing of ideas, lessons and experiences. And yes, we’d love to hear from you Newbies and Lurkers too. We don’t bite.

Craig Harper (B.Ex.Sci.) is a qualified exercise scientist, author, columnist, radio presenter, television host, motivational speaker and university lecturer. For the past 25 years he has been a leading presenter, educator, motivator and commentator in the areas of personal and professional development. You can visit Craig's blog at Motivational Speaker. FREE eBook – So… You’ve Decided to Get in Shape (Again) Craig's FREE eBook takes 20 – 30 minutes to read, and addresses the REAL getting-in-shape issues based on his 25 years of experience. To get Craig’s FREE eBook click here, weight loss books.

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If you are a first year MBA student, especially if you are at a lesser-known MBA program, networking is going to be an essential component to landing your summer internship.

Start Early

If there’s any piece of advice that I would give first year MBA students it’s that your job search stats the day you start school, and if you are really a go-getter even before you arrive at school. There are several reasons you should start early. First off, the later you start, the less leverage you have when you talk to people. When you start later, people know you need something from them and are less likely to help you in the process.  Another reason you should start early is because getting in touch with people can often take time and an early start will save you from scrambling to get things done in a short amount of time. Effective networking as an MBA student is really about planning and an early start will help you formulate a plan.

Informational Interviews/Research

Informational interviews are REALLY important to your networking strategy. First off you may have certain impressions of the industry you want to work in and those impressions could be completely off. For example, when I started business school I was convinced that I wanted to work in the entertainment industry. After about 4 conversations with people in the entertainment industry, I realized I had no desire whatsoever to work in that world. Using informational interviews also enabled me to build a network of contacts at Harrah’s (an organization that didn’t recruit at my school) and get to the final round of interviews for the MBA internship program.  Here are a few things that you should keep in mind about informational interviews:

• Keep it short and sweet, 15-20 minutes tops.
• Have a list of questions about the company/intern program.
• Find out what skills you need to develop during your MBA to get hired.
• Send a copy of your resume to interviewee prior to the interview.
• Don’t ask for a job.
• Conduct multiple informational interviews (different perspectives will shed more light on the position and the organization).
• Send a follow-up note thanking the interviewee for his or her time.

LinkedIn

At this point in your career, it’s highly unlikely that you don’t have a LinkedIn profile, and if you don’t, set one up right away. LinkedIn is an essential asset to networking. If you want to find recent MBA graduates or people who have completed an MBA internship at an organization that you are interested in, LinkedIn is a great way to connect with these people. When I targeted Harrah’s President’s associate summer program, I used LinkedIn to identify all of the current President’s associates at various Harrah’s properties and set up informational interviews with all of them.  Thanks to these efforts, when I had my first interview with the recruiter, I was so well-versed about the organization that the first round was a breeze.

Alumni Networks

Depending on where you go to school, an alumni network can be a huge asset. When approaching alumni keep the same tips about informational interviews I offered above in mind.  I would recommend you try to reach out to at least one or two alumni a week.  If you connect with one alumni every single month that you are in business school  (i.e. 2 years) and form a solid relationship, at the end of two years, you’ll have a network of 24 solid contacts who can help you.

Networking Events

With the current state of the economy there are so many networking events going on that it would be foolish not to take advantage of them. If you do a Google search for networking events in your city, you’ll find a list of events that occur on a monthly or even biweekly basis. I recommend trying to fill your calendar with at least one event a week. Try to make at least one solid connection at each event that you go to.

Volunteer Work

In Brian Tracy’s book The Luck Factor, he mentions doing volunteer work as one of the most effective networking strategies ever. While your immediate thought might be soup kitchens and homeless people, there are numerous opportunities to do volunteer work for organizations in your area of professional interest. The most amazing example Brian Tracy gave in this book was how his work as a volunteer for the chamber of commerce eventually led to a committee position, and ultimately connected him to many influential leaders in the community.  As a result of doubling his number of contacts, he doubled his income.

Social Life

Your social life can provide another tremendous outlet for networking.  Simply turning and saying “hello” to the person next to you at a bar or lounge can connect you to some highly influential people. As a result of doing this, I’ve met other MBA graduates, real estate developers, and other people who could be of tremendous value in my networking efforts.

While each of these strategies is effective at different levels, be smart. Use the 80/20 rule and realize that 80 percent of your results will come from 20 percent of your efforts. So rather than trying to do them all and do them poorly, choose the ones that work for you and do them well.

Srinivas is a volunteer for the Quality of Life Project. The website shares best practices on getting the most out of life from well known types like Richard Branson and Tom Skerritt to lesser known but equally interesting individuals. The mission of the organization is to help people live more enjoyable, purposeful and contented lives. Srinivas also writes at www.theskooloflife.com.

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