What is a mastermind group?

A mastermind group is a type of peer-to-peer mentoring group where individuals come together to support each other in achieving their goals and ambitions. Typically, these groups consist of 5-10 people who meet regularly (weekly, bi-weekly, or monthly) to discuss their progress, challenges, and ideas.

The purpose of a mastermind group is to provide a supportive and collaborative environment where members can share their knowledge, skills, and experiences to help each other achieve their goals. Members of a mastermind group may come from different backgrounds and industries, but they share a common interest in personal and professional development.

The concept of a mastermind group was popularized by Napoleon Hill in his book “Think and Grow Rich.” Hill believed that a group of individuals with a shared purpose could achieve much more than any individual working alone. Today, mastermind groups are commonly used in business, entrepreneurship, and personal development circles. Members challenge each other to set high goals and inspire one another in achieving them. They hold each other accountable.

Meetings of a mastermind can be in person as well as online.

For the overall success of the group, every group member is required to be committed, adhere to confidentiality and be willing to both give and receive advice and ideas.

Is there a cost to belong to a mastermind group?

Depending on several factors, membership to a mastermind group can be as low as a few dollars per month up to thousands of dollars per member per month. Find a mastermind group that fits your goals and that is affordable to you and achieve your success.