Tag Archives: Business mastermind

A High Stakes Mastermind Group and My Experience

By Adrianna Huff

I remember when I first heard the word “Mastermind” from my talent manager at work. I thought she was referring to the Mastermind Board Game from the 1970s where players move around different colored pegs. She in fact, wasn’t talking about this game, but actually referring to a group she belonged to where they discussed their goals over a group phone call. Once she explained what a Mastermind group actually was, I was hooked on the idea.

A Mastermind Group is not a new concept

A Mastermind Group is not a new concept, it has been around since Napoleon Hill wrote “Think and Grow Rich” in the 1930s. In theory, a Mastermind Group’s ideal purpose is to get individuals to discuss and encourage one another’s ideas to meet a goal or overall purpose.

As I started my search for a Mastermind Group, I found that there are many varieties. There are groups you can find on Meetup.com, Facebook groups, groups that resemble coaching calls, and groups that are limited in size to a smaller amount of participants (between 5-10 individuals).

I chose to join a smaller group (the upper limit is 6 participants) where I could work with the same members over a period of time and have continual feedback, support, and accountability. In addition, our moderator is not a group participant; instead our moderator facilitates the meeting to ensure we stay on time and don’t get side tracked.

At each meeting, before launching right into business, we all have a few minutes to chat and build our relationships. If I were just speaking to a group of strangers, I would not be prepared to voice my thoughts or explain how I am meeting my goals. Since the participants have all become my business friends, I open up about myself personally and professionally and what I am accomplishing.

In the last 11 months as a participant in a High Stakes Mastermind Group, my goals have changed drastically. Both in my personal and professional life, I have had significant changes (job changes, re-locations, and family additions). Throughout all of these drastic life shifts, there has been one constant: the High Stakes Mastermind Group. As I have adjusted my life and entrepreneurial goals, the group has been there to listen, provide encouragement (and suggestions), and give me an avenue to continue feeling like I am making a difference both in my entrepreneurial journey and someone else’s.

For me the High Stakes Mastermind Group has been more than writing a goal plan, updating the plan, and staying accountable to my goals. (Throughout the last 11 months these have still remained the pillars of purpose in the High Stakes Mastermind Group). For me, the High Stakes Mastermind Group has been a rock during challenging life changes. When I meet with the group, I still feel like I have a purpose (and a brain). Instead of just being a “Mom”, I am still an entrepreneur who is working towards goals.

In the end, the intention of a High Stakes Mastermind Group is to typically have entrepreneurial members use each other as resources for success in their business endeavors. And while this continues to be a large part of the purpose of the High Stakes Mastermind Group for me, it is also a community. It is a community of entrepreneurs who care about each other and work together to meet goals, even if these goals are constantly in flux.

What have been your experiences with a High Stakes Mastermind Group? How has it benefited you, personally or professionally?

You Can’t Have Epiphanies in a Pigeonhole

You Can’t Have Epiphanies in a Pigeonhole
Photo by Rafael Rodrigues Machado

Comfort can be limiting

The other night at a party, my friend Bob and I got into a discussion about reading books.  How we read them. He’s a diehard Kindle user and I like reading books.  The real ones, with front and back covers and pages in between. Bob was adamant that his way was better.  He likes highlighting passages and making notes.  OK.  Fine. I have a Kindle too. But no matter how insistent Bob got, it wasn’t going to change the fact that I rather read a real book.

Bob was trying to pigeonhole me into always reading my books on a Kindle, Nook or iPad because that’s the way he likes to read, even when I kept telling him I’d rather just read a real book.  I love holding real books!

In my business mastermind groups we won’t pigeonhole you into doing your business the way we want you to.   We help you brainstorm and process your ideas.  We are a sounding board, supporting you in getting your goals accomplished in the best way that’s comfortable for you.  I have a signature system in the way that I work with my clients. Having said that just because it’s a system, doesn’t mean that it’s rigid. It means that it’s a process that works and is successful.

“Pigeonholing” is often a concern when it comes to work, like getting stuck in a niche or considered limited in your capabilities as Cheryl Dahle wrote in her article for Fast Company: https://www.fastcompany.com/52849/escape-your-pigeonhole

The Joy of Epiphany Moments

But I look at it as being limited in your business mastermind choices and worse yet, how the mastermind itself functions. Having said that, I’m not criticizing; just pointing out that there are many different forms and styles of mastermind groups, even once your narrow it down to business masterminds.  You owe it to yourself to investigate before choosing.

One mastermind group I know, sits around a board-room table, like a family does at a dining room table and they just start talking about a topic. It might be marketing, it might be how to do your website; it could be any number of things. They sit and discuss it, and that works for them. That’s the way that group operates.

Another group I know of has a facilitator who sets a curriculum and the groups follows that from A-Z over a six month period.  When the curriculum is complete the groups disbands and another starts.

Our High Stakes Mastermind Groups are based on you being able to process through a single page goal plan that we have helped you developed; so it’s very clear and time honored based on SMART goals.  “SMART” goals are Specific, Measurable, Achievable, Results-oriented and Time-bound.

In the course of discussing what is going on in your business, we have an amazing way of processing thoughts and clarifying opportunities our groups result in “ah-ha!” moments. Epiphanies. Sometimes to the point of bringing on tears – happy tears.

We thrive on our ability to be achievement and accountability based sounding boards for our members. I tell each one that their goal plan is a “living document’ because it must flex with changes and updates in their business growth.  That wouldn’t be possible if we clung to the status quo. In fact you could say we’re about taking you out of your pigeonhole.

 

 

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.

 

 

Naked and Unafraid- The Benefits of Being Vulnerable in Your Mastermind Group

Masterminders sharing what really happens in their work.

You joined, or are thinking of joining, a High-Stakes Mastermind Group for several reasons. Maybe you’re a solopreneur or an entrepreneur who wants to bounce ideas off of other professionals. Perhaps you want to be able to associate with others who experience the same professional, personal and social challenges and sacrifices that you do in your field. Or maybe you are looking to build your personal network of support and confidants.  Whatever your reason, you should do one thing once you’ve joined the group. You should be completely honest and allow yourself to be vulnerable.

Why would you want to show your true self, with all of your challenges and weaknesses to other people? Won’t they stop respecting you so much? The answer is no. You want to be completely honest and vulnerable with your fellow members, and especially your Mastermind group facilitator, because that is the only way that they can help you diagnose any issues and help you improve to become the very best person and professional that you can be. This is the safe place to be emotionally naked.

Think about it – if they don’t know what the problem is, how can they give the advice that you’ve joined the group for?

Remember each member is in the same position.  You may feel like they’re holding your emotional cards – but you’re holding theirs as well.

In the blog by William Butler, The Benefits of Being Vulnerable he writes:

Risking vulnerability allows you to be, or have:

  • deeper degree of honesty
  • greater degree of transparency
  • higher level of understanding
  • deeper relationships
  • honestly yourself
  • less defensive
  • less lonely than that of isolation
  • more accountable
  • more courageous
  • more sensitive and tenderhearted
  • truly human

Source: http://www.williambutler.ca/2013/09/power-vulnerable/

There’s something extremely freeing about being vulnerable and releasing the weight of your most stressful business decisions, confusing questions, and untried ideas. It humanizes all of us to let down our guards and be…well, human.

What may look like the weakest form of humanness is actually what takes the most strength – vulnerability.

In her TED Talk Brené Brown said, “Vulnerability sounds like truth and feels like courage. Truth and courage aren’t always comfortable, but they’re never weakness.”

Your time is precious. Clearly, you’ve joined a Mastermind group to get something out of it. Get the most out of it by allowing yourself to be vulnerable – emotionally naked and unafraid. That’s how you can help others to help you.

 

 

HSMmG™ – The Right Elements…Make the Best Ingredients

#4  Dec. 16, 2015 by Stephanie Angelo, Chief Focus Officer

periodic table

Have you ever eaten at a traditional German restaurant in Germany, and then eaten at a traditional German restaurant in the U.S. and noticed the food just isn’t the same?  Or have you eaten New York Pizza in New York, and then New York style pizza somewhere else in the U.S. and your taste buds just didn’t have the same experience?  That’s because all ingredients are not created equal.  There truly is something different within the very elements that make up the individual ingredients.

The same is true of Mastermind Groups.  Whether you belong to a business mastermind group or a group that is based on a book club, a cause or anything else, how you go about your group brainstorming is dependent on the people you have in your group.  Is it a collaborative group of friends chosen somewhat at random?  Is it a number of individuals from the same workplace but in different functional areas?  Are you all from the same industry?  Is there a selective application process, like the one used in High Stakes Mastermind Groups™?

Whether you are the facilitator forming a mastermind group or someone who is thinking of joining one, give careful thought to the element of individual members.  Think to yourself what you want your end result to be.  What are your goals?  Will these people get you where you want to go?  Will you have the energy to help them achieve their goals in return?

Some tips to bear in mind:

  1. What background (personal and professional) do the potential members possess individually?
  2. Are there members of the group who can draw upon past experience to offer you something new?
  3. Are there any that seem to be talking heads that will undermine the process of everyone having a chance in the hot-seat?
  4. Are any individuals simply there for the social aspect, who prefer chatting more about personal issues than participating in a brainstorming group?
  5. Do some individuals balk at the idea of being held accountable?

If you truly are ready to be a part of something better, faster, and stronger than a networking or leads group then you will take the time to research what you’re getting yourself into.  In High Stakes Masterminds ingredient HSMmG, we believe in the strength of intimacy and trust that grows and sustains when members can rely on the consistency of the group.  Isn’t it time you had the best ingredient in your life?