Wealth Tip 22: Follow the Five Laws for Forming your Mastermind Group
The Five Laws for Forming Your Mastermind
1. BE SELECTIVE -- Character is contagious. Be careful whose character you catch!
2. EACH MEMBER BENEFITS -- No one will give their full-hearted cooperation over time without getting some tangible benefit in return. Make sure you work to benefit each member of your mastermind group on a consistent basis.
3. MAINTAIN HARMONY -- This is a tall order. A mastermind group with tension or conflict is degraded to a simple committee. The single most important rule to maintaining harmony in the group is that while you can question ideas and input, never question INTENT. If you do, you will destroy the relationship.
4. COMPELLING AND DEFINITE CHIEF AIM -- Collectively create a compelling outcome for the group towards which all of you are fully in agreement on. This direction will focus your collective power and allow you to harness it to awesome effect.
5. MAINTAIN CONFIDENTIALITY -- People will be much more open and cooperative if they feel they can let their guard down and authentically and safely share.
Tomorrow I’ll share with you a simple format to actually run your mastermind meetings.
For more strategies and techniques to get the most out of your mastermind team, including a powerful technique to use your mastermind team to generate breakthrough wealth ideas see, The Maui Millionaires, pp.125-164.
1. BE SELECTIVE -- Character is contagious. Be careful whose character you catch!
2. EACH MEMBER BENEFITS -- No one will give their full-hearted cooperation over time without getting some tangible benefit in return. Make sure you work to benefit each member of your mastermind group on a consistent basis.
3. MAINTAIN HARMONY -- This is a tall order. A mastermind group with tension or conflict is degraded to a simple committee. The single most important rule to maintaining harmony in the group is that while you can question ideas and input, never question INTENT. If you do, you will destroy the relationship.
4. COMPELLING AND DEFINITE CHIEF AIM -- Collectively create a compelling outcome for the group towards which all of you are fully in agreement on. This direction will focus your collective power and allow you to harness it to awesome effect.
5. MAINTAIN CONFIDENTIALITY -- People will be much more open and cooperative if they feel they can let their guard down and authentically and safely share.
Tomorrow I’ll share with you a simple format to actually run your mastermind meetings.
For more strategies and techniques to get the most out of your mastermind team, including a powerful technique to use your mastermind team to generate breakthrough wealth ideas see, The Maui Millionaires, pp.125-164.
posted by David Finkel at 8:21 AM
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