Category Archives: Mastermind groups entrepreneurs

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.

 

 

7 Reasons You Want a Trained Facilitator

Photo by Stefan Stefancik
How is it Different?

As a facilitator, one of the most consistent questions I’m asked about my mastermind groups is, “Is it a networking group?”

While there’s no doubt that networking certainly occurs between the members of the mastermind group, relationships are built and cross referrals happen on a consistent and regular basis.

But at the end of the day, true mastermind groups and networking groups are very different. In a networking group you’ll meet lots of people and it’s really up to you whether you build on those relationships; and have coffee with people outside the regular meetings, or talk to each other about your businesses.

There may also be educational sessions, but nobody’s holding you accountable to make sure that you apply what you’ve learned. But a mastermind group is significantly different. A mastermind group is about accomplishing your goals and holding you accountable to build and grow your own business. And the only way that that’s going to happen is to have a skilled and trained facilitator at the helm.

Here are seven more reasons why having a skilled facilitator is so important.
  1. Not the Chairperson of the Board

A trained Mastermind facilitator knows how to bring out the discussion. They know how to make sure that no one person overwhelms the conversation and monopolizes the group’s time while others sit back quietly, not speaking.  And not being heard.

They will make sure the meeting moves according to the agenda but draw out participation from everyone.

Trained facilitators know how to keep the Mastermind groups structured and moving so that there is value for every minute spent in the Mastermind.

  1. Unbiased

Having an “outsider”, as trained facilitator will also ensure you that you have an impartial and unbiased individual guiding your group. When you have a facilitator who is not a part of your organization, and is completely unbiased yet cares deeply about the success of each individual member, than members of the Mastermind group feel comfortable in confiding with the group. The outside facilitator makes the Mastermind group of safe space to speak honestly, opening without fear of reprisal or embarrassment.

  1. Have Your Success Top of Mind

A trained facilitator also has the skill set to make group members successful.  Mastermind group members grow their businesses at a much greater rate than individuals who are not in Mastermind groups.  If you want your investment to pay off join a group with a trained facilitator.

The facilitator doesn’t answer to a corporation whose agenda must be met.  They have a vested interest in individual member success.  Every member’s.  No other business group environment can equal that claim.  Gymnastics teams yes, business groups – you’re not going to find anything comparable.

  1. Not Your One-to-One Coach

While there can be elements of coaching in a mastermind group the facilitator’s purpose is to make sure that all of the members participate, and help all members with value-adding suggestions; giving resources so that each member has a plethora of information they can apply to their own businesses.  In our groups sometimes the “homework” assignment for one translates into similar goals for the rest of the members.  There’s a good deal of anticipation for the next meeting, “How did yours go?”

Trained Mastermind facilitators are knowledgeable about goal setting and accountability. They know how to make it much more effective than simple brainstorming sessions.  If you want to get things done, be in a Mastermind group with a trained facilitator.

If you want to accomplish your goals you’ll get better “bang for your buck” by going with a group that has a trained Mastermind group facilitator.

  1. It’s a Dirty Job – But Someone’s Gotta Do It

It isn’t a dirty job. Not at all, not even close.  But it did get you to keep reading!

Your facilitator will take on all the logistics of your meeting: time, place, refreshments, note taking, follow-up, message boards, PR, meeting agendas, honestly the list goes on.  And we love doing it.  Even the administrative parts of everything behind the scenes is an aspect that makes for healthy, thriving and productive groups.  Thriving productive groups are comprised of thriving and productive individuals.

  1. Celebrating Your Success

What a party!  We have the same pride in our individual member’s successes as we would if they were our kids.  Like peacocks puffing their chests out.  It’s like, “We did that together!” when one person achieves a milestone, or a goal.  Whether it’s learning to do their own accounting or landing the most elusive client for a six-figure project.  Every success is a celebration. Just writing this blog makes me look forward to our next meeting!

  1. Full Circle

We’re talking about trained facilitators here, right?  So we’re talking about people who have spent their own money and time to complete a course or certification; an investment in themselves so that they can translate that into an investment into you. If you’re a member of a group and your success is stemming from your facilitator’s skills – then tell someone.  Tell a lot of someones.  Give credit where it’s due.  Your facilitator succeeds when you succeed. It comes back to them full circle.

Strategic Thinker – Sometimes You’re Not Born That Way

Photo by Jonathan Simcoe

A friend of mine, who I found to be the consummate strategic thinker, was a sales and franchising expert. He spent years consulting with people who had sunk their saving into franchises because they were sold on the promises of making money “in their sleep”.  Now they were overworked and in debt.

I’m not saying buying into a franchise is a poor choice.  Not at all.  If you’re prepared, educated, have the funds and are ready to put it a lot of hours.  Practice being a strategic thinker. Think intentionally before you commit.  That’s true of any business decision.  And strategic thinking doesn’t mean you mull over it endlessly.  It means look at the decision from every angle – top, bottom, sides and end to end.  In his article Are You A Strategic Thinker? Test Yourself, Peter Walsh lets you answer for yourself.

Let’s just bring it into a smaller scope for the sake of this blog – your individual business.

Rather than constantly reacting to everything that comes up, keep it a list of the regular questions that your customers, clients, friends and contacts are consistently asking you. Do people at networking events ask you the same questions over and over?  Then the strategic move would be to answer the questions before they are asked. Be prepared with what you need to say, or do, in order to answer your client’s questions.  Anticipate them.

Sometimes the biggest barrier to strategic thinking is simply having the time to think at all. people who allow themselves time to quietly think and reflect upon choices and “the big picture” find ways to connect what would never otherwise have been connected at all and therefore come up with the most brilliant ideas, or comfortably decide which projects to pursue. Like Bill Gates’ famous “Think Weeks”.

Practice being a critical thinker – and not one that’s easily sold on every idea that’s thrown your way. Some people are easy targets for every “shiny object” that’s set before them. Practice saying “no” and giving yourself time to reflect and do research.

The solopreneurs and entrepreneurs I work with nearly always tell me that in one way or another they feel alone, isolated, even “in a silo”.  The best way out of that stifling position is to join a mastermind group. There, in the right group that is, you will feel empowered, energized, respected, trusted, and valued. And you will exercise your strategic thinking.

Most successful strategic thinkers are not born that way but they learned to exercise their strategic thinking “mental muscle” and the best place to do that is in a mastermind group. In a mastermind group you can get honest feedback and fresh ideas from other individuals. There you can verbalize your thoughts and gain clarity from others.  Leaving you the opportunity to make informed decisions.

“Internal” mastermind groups that are within a single organization, work well to develop and enhance strategic thinking.  They are most successful when lead by an outside facilitator who has no bias within the company.

Mastermind groups where not everyone belongs to the same company, or the same industry, are the most beneficial way to do this. In a group of people from different disciplines and different levels of expertise you will get new and fresh ideas in the least homogenized fashion.

There you will also find accountability where your feet are “held to the fire” in the most supportive way so that if you tend towards “analysis paralysis” you’ll be forced to make decisions. That force is what exercises your muscle. It’s a little uncomfortable but over time it helps you think better faster, stronger and more clearly.  Before you know it, voila, you’re a strategic thinker.

 

 

 

Why Entrepreneurs and Solopreneurs Should Belong to a Group

Belonging to a group gives a real sense of well…belonging.

Do you wish to excel as an entrepreneur or a solopreneur? I bet you do, well, in that case, you need to digest every detail of this piece. You must have heard of the popular proverb that says “two heads are better than one.” Well, quiz any successful man or woman who has excelled in one endeavor or the other and he or she will tell you the proverb is very true. Little wonder then, that goal oriented individuals in particular and humans, in general, tend to form or belong to a group of people who are like-minded to help them achieve their goals.

Humans have always possessed a sense of belonging, be it in schools (where students who aim to excel academically form study groups), in offices among colleagues or even in the larger society where we have different social groups such as various dance groups, supporters club of a soccer team, etc.

And there have been several instances where individuals attribute their academic success, business growth or source of happiness to being a part of a group. This, therefore, underlines the fact that, it is very important for every individual to belong to a group. However, it is important to note at this point that,  the fact everyone should belong to a group doesn’t mean an individual should join a negative group such as a gang or a cult.

In case you’re wondering what group you should belong to as an entrepreneur or a solopreneur. Then, you should be looking forward to finding and joining a Mastermind Group. This is the point where I expect you to be engrossed with this article to enable you discover more about Mastermind Groups and how they can help your business to grow.

According to Napoleon Hill, author of the timeless self-help book, Think and Grow Rich (1937) “ a Mastermind Group is the coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony”. In other words, when a set of people (usually from different industries) comes together to form a group with the specific purpose of achieving common goals and success, such groups are known as Mastermind Groups.

With that said, let’s now take a look at the benefits

  1. Support:

You are surrounded in a community with people of like minds. They help you in achieving your goals and offering support to you. As the founder of High Stakes Mastermind Groups, I’ve realized I find it particularly exciting to help others achieve their set goals. Support is never in short supply in Mastermind groups in general and in High Stakes Mastermind Groups in particular, as members of the group who you become friends with automatically are there to offer support to you during meetings.

  1. Accountability

A Mastermind group allows the opportunity to regularly know how others are doing which helps you to remain focused on achieving your goals.

When one member of the group fills the others in on a challenge he/she is experiencing, the other members of the group put heads together to proffer solutions that can help the challenged member over his/her challenge.

  1. Resources

The fact that each member of the group specializes in different fields or industries provide you with the opportunity of receiving powerful tips on how to excel as an entrepreneur or solopreneur.

So, if your desire is to have yourself surrounded, encouraged and inspired by great minds or individuals who have succeeded and know what it takes to succeed as an entrepreneur in different industries. Then, you should belong to a mastermind group, and there is no better group than High Stakes Mastermind Groups to serve this purpose. For information on how to be a member visit http://www.StephanieAngelo.com/ and you can be sure to have fun growing your business and masterminding.