Category Archives: High Stakes Mastermind Groups

The Key to Setting New Year’s Business and Personal Goals

Photo by Samuel Clara

Something happens when you define and persist with the right strategy. You can feel empowered and highly motivated toward achieving set goals. However, this challenging process requires a very persistent approach, especially in such a fast-moving world where complexity and distractions are increasingly common.

That is to say; there are distinct factors which can decide success or failure when it comes to your business or personal goals. In many ways, this is also one of the reasons we decided to create a mastermind group in Phoenix as we fully realize there is no room for unrealistic expectations or vague direction when it comes to goals.

Anyway, here are some of the most important factors to consider when setting New Year’s business and personal goals:

Important Factors for Setting New Year’s Goals

Setting Clear Objectives

As mentioned above, you need a solid objective for your goals. Without a clear strategy in place, there is no blueprint from which to build the foundations of your business.

For example, HighStakes Masterminds Groups seek to empower entrepreneurs and accelerate growth for new businesses. In this sense, our mastermind groups in Phoenix are an ideal starting point from which to define a concise objective which is practical, clear, and realistic. That being said, this is also true in the context of personal goals, for you need a solid objective to work toward.

Brainstorming and Advice

Brainstorming is the fastest and most practical way to create a solution of any kind. Furthermore, these sessions are often a creative spark for new ideas or ways to enhance an existing product or service. For this reason, our mastermind group in Phoenix provides the perfect platform for such discussions which can also provide clear direction during the decision making process.

Learning from experienced, wise or influential characters is also a great way to accelerate toward personal goals. Simply put, there is no substitute for first-hand experience, and you can gain this valuable knowledge through listening to advice.

Creating a Tribe

Tim Ferriss is one of the most respected entrepreneurs in the online world. However, when the bestselling author wrote an article entitled “1,000 True Fans” back in 2008, he provided some incredible insight into the power of having a tribe mentality.

In short, this viral article outlined how finance is not the key to making a living as a photographer, designer, musician or an entrepreneur of any kind. On the contrary, this powerful article makes a convincing case that one thousand “True Fans” is enough to succeed in business. In many ways, this also shows how a positive attitude can also be the difference between success and failure in terms of personal goals.

  1. This is also another reason our mastermind group in Phoenix is useful to new businesses and entrepreneurs – we want to be a part of your tribe.

Networking with the “Right” people

When it comes to scaling a business, networking is crucial. After all, the growth of any concept requires a diverse set of skills and this is even more important as an exciting idea transitions to a business model.

Simply put, networking is the most effective way to cultivate the relationships which are often necessary to take you closer to set goals as the business continues to grow. That being said, not everyone has time to network in person and for this reason, we also decided to offer a virtual group option so that members can participate from anywhere, at any time.

Again, networking is also a great way to aspire toward personal goals, for if you surround yourself with the right people, you are more likely to feel confident regarding achieving set goals.

Accountability and Support

Often, the best advice is not what a person wants to hear. At the same time, this is usually a turning point in which corrections can be made to get goals back on course.

As for new businesses and solopreneurs, mastermind groups are a source of support for like-minded people. When you need some honest assessment, these groups encourage accountability, and when faced with challenging situations, the group is a reliable support.

As you should see, each of the above factors is equally important when it comes to setting New Year’s business and personal goals. Either way, have a prosperous new year and remember, the right strategy requires clear definition and relentless persistence.

Click here for more information on our mastermind groups in Phoenix.

 

 

 

Masterminding Can Be Like Parenting Someone Else’s Child

Parenting – if you can do that, you can mastermind.

Some of you may know that I have my fourth exchange student living with us right now. I’ve decided that there are some interesting similarities between parenting somebody else’s child living with you and masterminding.  Now, that may seem like a really weird correlation but read on…

We’ve had four exchange students and so I know that one of the tough things about being the parent of an exchange student is that real life sets in after the “getting to know each other phase” and it’s difficult to parent someone else’s child. As a parent sometimes there are “discipline” types of things that occur. Maybe they’re not emptying the dishwasher when you’ve asked them to, or they’re not getting their homework done and teachers are emailing, or things of that nature.  There are also a lot of great things, just like with your own children, like when they participate in school sports you go and cheer them on.  Or you attend their school play.  You want to support them, and be parents to them, as if they were your own child. Yet there’s this little part that’s detached because this kid doesn’t really belong to you and it’s also temporary.  At some point you hug goodbye at an airport and return home to their empty room.

That’s where I see an interesting connection to Mastermind groups.  When you’re involved in a mastermind group you want to talk about what’s going on in your organization and get feedback from the other members, and sometimes you have to remind yourself that these members don’t really have buy-in to your company, except that they care about your success the same way that you care about their success in their own companies.

Like parenting someone else’s child their success is your own success.  If your fellow Mastermind group members do well in their businesses; they grow their businesses and achieve their goals, then when they succeed you also succeed.  Because you had a connection and involvement in what happened to their business because you were there to give advice, brainstorm, and support them.  In our High Stakes Mastermind Groups, we call it taking the “Silo out of Solo”.

Being in a mastermind group is a responsibility you sign on to – to be a support mechanism for others. And the payoff is really huge.  Just like when you see your own kid walk across that stage and carry away their diploma, there’s a great deal of pride in seeing the success of your fellow Mastermind group members. And the cool thing is they feel pride when you succeed too. And another special feeling, love.

So yeah, Masterminding is a little bit like parenting someone else’s kid.

Limbic “Brainiacs” Giving Incentive to Masterminds

Limbic Brain- Its Positive Effects on Commitment to a Business Mastermind Group

By Guest Blogger
What is the Limbic Brain?

The limbic brain is that part of the brain that deals with emotions, memories, instincts, and arousal (stimulation). It is the emotional switchboard of the brain. The limbic system consists subparts like the hippocampus, hypothalamus, and amygdala.  These help in controlling various emotional, endocrine, voluntary and visceral responses to our environments featuring in our daily activities. The best function of the limbic system is the emotion control, while a part of this system called the hippocampus helps in the formation and retaining of memories, which is very crucial for development and learning.  Some of the functions performed by the limbic brain: remembering of past events, making choices based on experience, movement control based on past learning, perceive threats from surroundings, form sensory preferences, etc.

What’s the Connection?

A business Mastermind Group is a group created with the aim of brainstorming and collaborating together to achieve a particular set of goals. This concept was initialized by Napoleon Hill around 75 years ago in his book “Think and Grow Rich”. A Mastermind Group helps individuals to navigate through challenges using the collective ideas of other people. These groups are for real change, growth and trust. They are entrepreneurs and solopreneurs who believe they can easily achieve their set goals through working with high-productive and accountable people.

Joining a Mastermind Group helps to eliminate isolation. Working collaboratively with a mastermind group can be very advantageous, it helps to maximize profit as it integrates business ideas from different sects of experienced people. The benefits of Mastermind Groups  includes insights from the skills and expertise of others, solutions and ideas from brainstorming, trusted network of others who are supportive, a professional community, goal mastering, an instant and valuable support network, accountability and real progress in business, problem-solving sessions, etc.

The brain plays a very important role in the control of the body system. It is responsible for all the human body activities. The brain is divided into different segments which perform their distinct functions. One of these segments is the limbic brain, responsible for memory and emotion control. The way people react to various stimuli is determined by how the limbic brain controls the emotion or how it is aroused. The functionality of the limbic system, to a great extent, affects human social interaction especially commitment to some things like membership of a Mastermind Group. Different parts of the limbic system perform various functions that control human reaction. Below are some of the major parts:

  • Thalamus: It is responsible for detecting and relaying information from the human senses. This part helps in sharing of knowledge among Mastermind Group members as people perceive things differently which will bring about maximization of ideas.
  • Hypothalamus: It acts as the regulator of hormone control. It helps to maintain body homeostasis. Its interaction with other parts of the limbic brain helps it to control the part of the body responsible for “fight and flight” response. Hypothalamus regulates human emotions as this will help in their relationship with one another in a Mastermind Group.
  • Amygdala: This is tied to fear and anxious emotions. It assists in the development of memories especially emotional events and emergencies. Activeness of members of a Mastermind Group is essential, and members must be anxious to seek more knowledge from others.
  • Hippocampus: It is generally associated with memory and focus. This part of the limbic brain helps in retaining of memory/ learning. The main purpose of a Mastermind is for individual development, i.e. gaining more knowledge and experience for maximum output. Hippocampus can help in achieving this.
  • Cingulate gyrus: it is involved in many sections of memory and emotion. This performs similar functions with the hippocampus.
In Summary

The limbic brain plays an essential function in the human brain which tends to affect the cognitive and social behavior of people thereby affecting their productivity. Being in a Mastermind Group is determined by the functionality of the limbic brain which helps in emotion control influencing person’s social interaction decision. The limbic brain regulates the emotional decisions effecting how people react to external stimuli such as being in a Mastermind.

Membership in a Mastermind Group is a part which aids maximization of profit thereby arousing the interest of people to participate more because of its financial benefits. Self-development and enhancement is also a major concern for Mastermind, improving the intellectual competence of its members. This is made possible by the retaining memory function of the limbic brain, storing information/knowledge for future purposes.

Mastermind group members are people who believe they can easily achieve their set goals through working with high-productive and accountable people – and can thank their Limbic brain for the incentive.

 

 

Loyalty

Do You Give as Much as You Expect to Get?

Let’s talk a little bit about loyalty, shall we? I’m going to guess that loyalty means different things to different people. Some people think that they’re loyal, to friends, for example, but they are sporadic and undependable; yet satisfy themselves that that is “good enough”.

For me it’s not enough. I’m constantly accused by my husband of having too high expectations of other people. I beg to differ. I don’t expect anything different from other people than what I expect of myself. And one thing I pride myself on is when I have a friend I’m loyal to them and I stay that way.

Some of my friendships have ended and it’s always been when the so-called friend did something really hurtful that directly affected somebody I know, or love, or did something directly to me. Having said that though, I do watch how my friends treat other people. Because that is also a huge indicator of their true character. And true character is, in my book, the be-all-end-all.

For example, years ago an Exchange student of ours had a best friend she made here in the U.S.  These two girls not only treated my daughter horribly, but several other girls at the high school as well.  I would talk to my student about her good friend’s ultimate character, and her choice of friend.  It fell on deaf ears because to her, as long as the friend treated her well, how she treated others didn’t matter.  In the end – the poor character of both girls caused the falling out of several relationships.

I found this portion of the definition of loyalty on Wikipedia: Josiah Royce presented a different definition of the concept in his 1908 book The Philosophy of Loyalty. According to Royce, loyalty is a virtue, indeed a primary virtue, “the heart of all the virtues, the central duty amongst all the duties”. Royce presents loyalty, which he defines at length, as the basic moral principle from which all other principles can be derived. The short definition that he gives of the idea is that loyalty is “the willing and practical and thoroughgoing devotion of a person to a cause”. Loyalty is thoroughgoing in that it is not merely a casual interest but a wholehearted commitment to a cause. (Source: https://en.wikipedia.org/wiki/Loyalty)

In my Mastermind groups the loyalty that develops among the members is astonishing and yet I’m not surprised, because I have a tendency to choose people who really have true and loyal character; and for that I’m ever grateful. The expectation of my members to be loyal to each other is a good portion of the very foundation that High Stakes Mastermind Groups are made of.

I don’t particularly have an expectation that they will be loyal to me beyond the year in which somebody is a member. Having said that I’m enormously heartened by the number of members who have said they will continue to be a part of High Stakes Mastermind Groups for as long as they can imagine.

I’m not holding their feet to the fire and I know that there are no guarantees in life. I will tell you this though, hearing those words prompts me to be even more loyal to them in everything I do; during the meetings, behind-the-scenes, and continuously looking for contacts and opportunities to grow the businesses of each and every member. That is at the heart of High Stakes Mastermind Groups. And in their loyalty to the group, we all get as much as we give.

 

 

The Power of “Ding!” – What a Timer Will Do for You

Photo by Veri Ivanova

What a Timer Will Do for You

Do you have a list of “to-dos” and you’re having trouble maintaining your focus so as to get things done? Or maybe you find yourself jumping from one incomplete task to the other or skipping from one project to another. Have you tried setting a timer to help you in accomplishing your list of to-dos?

Well, a timer may just be the solution you need to help you stay focused and get done with, with your list of to-dos.

Most times our excuse for being less efficient is limited time. But the main reason why we’re often less efficient at getting tasks done is that we spend too much time on a single task or project. Setting an alarm could just be the magical solution you need to help you stay focused and spend limited time on a particular task from your list of to-dos. All you have to do is prioritize your tasks and decide how long it will take you to accomplish each of them.

Chances are, you’re most likely going to accomplish the task within the limit you gave yourself. If you were unable finish with that particular task. Or schedule a “meeting” with yourself on your calendar for another working session on that project.

Nothing can motivate you more to be more effective at accomplishing your projects than setting a time limit for yourself.

My timer for this article will soon be up. So, without much ado, below are three reasons why setting a timer is so effective

  1. It gives you speed

Without a timer, you can spend time which would have been enough to accomplish two tasks on accomplishing one only. For instance, I could spend more time developing this piece, but for the fact that the time limit I set for myself is almost up, I need to look for a way to round it up. The implication is that I’m getting this article done at a faster pace than I would have if I had not set an alarm for this task. So, setting a limit for yourself will motivate you to accomplish the task at an incredible speed while resisting distractions.  Since goal accomplishment is the primary objective in High Stakes Mastermind Groups, I not only have to help our members achieve their goals by coaching them to find solutions like this one, I have to model it myself.

  1. Work becomes more like a game challenge

Nobody can say he or she gets tired of playing and winning his or her favorite game. The moment you set a timer to accomplish a particular task, it becomes as though you are playing your favorite game of which your primary goal is to win. Beating the timer you set for a given task is like winning the game in the sense that you feel happy about it.

  1. You Work With More Focus

Setting a timer for 15, 30 or 60 minutes will help you tune out distractions; this is because you know you need to stay focused in order to complete your task before the time runs out. And since you already know what you need to accomplish during that time frame, you won’t waste time trying to multi-task.

Okay, my egg timer just went off, so I think it’s time to wrap up this productivity tip! You should try using a timer today and see how it goes. Personally, I use either a simple egg timer or the timer on my phone. And if there are so many distractions, then put your phone in airplane mode and get to work!  I also don’t allow my email to flag a notification, or make a sound for incoming messages.

So that’s it, now you know how beneficial using a timer can be – it really helps in keeping you organized as you’re able to check off each and every task on your to-do list.