What is a Mastermind Group?
A Mastermind group offers a combination of masterminding, peer brainstorming, education, accountability and support in a group setting to sharpen your business and personal skills. A mastermind group helps you and your mastermind group members achieve success. Napoleon Hill wrote about the mastermind group principle as:"The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony."
Why did Townsville Business Women's Network introducing these groups?
- Over the past few years many of our members/past members have taken part in Feedback surveys and indicated they would like opportunities to brainstorm/mastermind/mind map and spend quality time with other business/career women who are experiencing the same success/ challenges on a day to day, to assist and be assisted in finding the right solution for challenges.
- Penelope-Ann Sullivan Enterprises in association with TBWN has facilitated Mastermind Groups introduction for TBWN Members. Preparing the Non Disclosure requirments, and Guiding Principals for the Mastermind groups, interviewing a selction of member to understand their needs and expectations from a mastermind group. Thus the intorduction of 4 Targets MMG's for TBWN Membership.
What a Mastermind Group is NOT
- A mastermind group is not a training class. While groups can vote to bring in guest speakers occasionally to teach on a specific topic, the main focus of a mastermind group is sharing among the group members.
- A mastermind group is not group coaching. Mastermind groups are about the MEMBERS sharing with each other, not about the facilitator leading or coaching individuals in a group setting. You get everyone's feedback, advice and support.
- A mastermind group is not a networking and referral group. While you may share leads and resources with each other, the main focus of a mastermind group is brainstorming and support to create success.
How much will it cost?
- Membership to the Mastermind Groups is FREE to all TBWN Members.
- There will be a nominal charge for each meeting to cover Catering [If required]and Administration only, this fee will be advertised in advance of each event
What will be expected of me if I join a mastermind group?
- Harmony and respect are the keywords to any successful mastermind group.
- Adherence to the Written Group Guidelines.
- Attendance and commitment to the group and yourself
- Active participation in discussions-whether asking questions, highlighting your own experiences, or recommended reading or business services
- Be willing to listen to feedback
- Know ahead of time what you need to ask for help with
- Give feedback only when relevant to your experience or knowledge
- Be mindful of the time and do not go over your allotted portion
- Confidentiality is a must! Do not discuss what goes on outside the meeting. Complete and sign a Non-Disclosure Document
- Cultural and other barriers may exist.
- Agree before group starts to respect the other's work by not using or copying their ideas without permission
- If you commit and then drop out this could tarnish your reputation
- Be on Time and ready to participate - Turn off your mobile phone and "be there"!
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