Mastermind group

by Dennis Perry on October 2, 2011

My Mastermind group has been on a retreat for the past 3 ½ days in a lake home in Eastern Tennessee. 

One of my definitions of a Rich Life is to have rich and rewarding experiences in life.  As already written about earlier, being rich is a lot more than simply having money.  More important than money is having experiences that enrich, empower, and improve your life in one or more ways.

My Mastermind retreat was all that and more.

A Mastermind group is a group of 2 or more individuals who meet on a scheduled basis for the purpose of goal setting, encouragement, accountability, and problem solving.  The idea was introduced by Napoleon Hill in the incredible book, Think and Grow Rich.

When 2 or more people meet in an atmosphere of total honesty, support, participation, and cooperation, the result is far greater than simply having 2 or more brains working on a problem.  The result is often exponentially greater.

The process can lead to powerful new ideas, breakthroughs, and an extreme level of accountability both to yourself and to the group.

My group consists of 2 individuals; Dr. Philip Humbert and Debbie Mrazek.  All three of us come from substantially backgrounds and experiences but we are united in the desire to grow our businesses in order to better serve our clients and customers.

This group meets every Monday morning via telephone conference.  Meeting in person is possible for groups that are all in the same geographic area but we are all in different parts of the country.

We meet for an hour with each hour divided roughly into thirds with each of us taking time to discuss what worked for us the prior week, what didn’t and why, what our goals and commitments are for the coming week, and anything that we are stuck on or need better direction.

Since we come from vastly different backgrounds, we each have strengths and weaknesses.  Our strengths complement the process while our weaknesses are often diluted by the strengths of the group.

This results in a very positive dynamic where great progress can and usually does occur.

We decided recently that to really magnify our progress and efforts that we should get together in person for an uninterrupted multi-day session to really get focused.  We chose the Tennessee lake home due to its relatively remote location and absence of distractions.

We spent an average of about 6 to 8 hours each of the 3 full days focused on our businesses and setting goals for both business and our personal lives.  I personally came away with a very clear list of what I need to do in the next 7 days as well as the next 30, 60, and 90 days. 

Not only did I get clarity of purpose and direction, I received some very interesting new possibilities that most likely I would not have come up with on my own.  At least not in this short amount of time.  I would suspect that this weekend has shortened my path by several months if not years.

In addition to the work time we also had time for relaxation and to enjoy the beautiful east Tennessee scenery and weather.

We ate well.  We went out to eat some of our meals and cooked others in house but all were delicious and enjoyable.  We took the boat out (even though it was a little cool) and travelled to a nearby marina to watch a little bit of college football and enjoy a cool but sunny Tennessee day.

I am not a smoker.  In fact, I am probably the most anti-smoking person around.  But, I must confess, a very fine cigar with a glass of adult beverage (Jack Daniels Single Barrel on ice) really did help to round out a great day of productivity and advancement.  Oh yeah, I can’t forget the very nice bottle of Washington State wine.

For me, the richness came from being with like-minded people in a beautiful setting, eating great food.  And, yes, even from the Jack Daniels and the fine cigar (Debbie chose not to have the cigar!).

The combination of working with a definite purpose, making great progress, and some down time for enjoying the surroundings made the experience nearly perfect.

I suspect that most of you reading this article work for a living.  Not only is that OK, it is good.  Just make sure that you do something to make your work more enjoyable.  I imagine that it is most likely not possible to enjoy a drink or probably a boat ride while you are working.  But there is almost certainly something that you can do to make your experience richer and more pleasant.

Spend some time today and think about that.  What can you do to enjoy your work more?  What can you do to have a rich experience today?

Make this day great and your life truly rich in every way.

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{ 19 comments }

John Moulder October 4, 2011 at 7:29 am

The mastermind group sounds like a good idea which would work really well if you are self employed and working from home as meeting times could be juggled better . It would surely keep you motivated in your tasks .

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Eva Palmer October 4, 2011 at 5:47 am

A mastermind group must be something very powerful!!
Good idea!

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Annie Born October 4, 2011 at 2:54 am

Mastermind sounds great!
Hope to be in one soon!
Looking forward to tomorrow!
Create a great day!
Time to Care for the Caregiver Now?

Andrew Miner October 4, 2011 at 1:10 am

My work life is grueling. My mastermind group tries to have a board meeting at least 3 days a week… out in the ocean 🙂

Andrew
http://www.andrewminer.net/the-benefits-of-outdoor-exercise-san-diego-style/

First Date Success Tips October 3, 2011 at 9:31 pm

Hi Wealth Doctor Dennis,

Thank you for sharing about your Master Mind group and I am delighted to see you are LIVING a rich life by selecting to do your master minding in such a beautiful, tranquil, and inspiring setting in TN. Thank you for sharing the photos so we could catch a glimpse of the experience to share that with you.

Happy Dating and Relationships,

April Braswell
First Date Success

The Knowledge Stylist: Music, Photography, Travel, Gadgets and More! October 3, 2011 at 8:12 pm

Wow, very awesome. I’ve read Think and Grow Rich but was never smart enought to actually start a master mind group. Sounds like a really good idea.

TKS

http://www.theknowledgestylist.com

Rob Malone October 3, 2011 at 5:50 pm

I have never been in a master mind group but I can imagine they can be incredible. I have been in some peer groups which or similar on some levels and I have found them to be pretty valuable. How did your master mind group come about? Since you are all from different geographical locations what brought the three of you together?
What is the biggest challenge in forming a master mind group? How do you keep your master mind group vibrant and productive?

Clare Delaney October 3, 2011 at 3:05 pm

I like the sound of your mastermind group! Well done on persevering regularly, you are obviously reaping the benefits!

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Michael D Walker October 3, 2011 at 2:24 pm

Your mastermind group sounds like a great one!

Michael
Peter Gent – North Dallas Forty

Covert body language October 3, 2011 at 2:10 am

Mastermind groups do help narrow down items to work on along with brainstorming and business development.
Scott Sylvan Bell
body language
Now go implement!

Michael Paulse October 3, 2011 at 12:07 am

I can believe how wonderful it is to have time together with like minded people in a very supportive environment. I am still searching for my mastermind group.

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Sonya Lenzo October 2, 2011 at 11:53 pm

Sounds like you had a great time. I have read about Napeleon Hills group. I have had some of those same benefits being in Kevin Hogans Inner Circle.One evening after an Inner Circle meeting in Las Vegas, 4 of us went to a very nice restaurant for steaks. We continued chatting about business ideas. An expensive bottle of wine was delivered to our table. We asked our waitress where it came from. She said the gentleman at the table next to ours had been so intrigued by our conversation that he wanted to thank us for making his lonely dinner lively! He was gone by the time we got the wine so were not able to thank him or invite him to join us!
Sonya Lenzo
http://www.sunnyincostarica.com/grandtopes/
Sonya Lenzo
http://www.sunnyincostarica.com/grandtopes/

Dennis Perry October 3, 2011 at 9:26 am

Sonya,
That’s a great story. Thanks for sharing it.

Kevin Bettencourt October 2, 2011 at 8:34 pm

The Mastermind Group experience you described sounds like a rich life all by itself.

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Neil Dhawan October 2, 2011 at 8:24 pm

Dennis,

Thank you for describing how a MasterMind Group can add to creating a rich life. I’ve always been under the impression that MasterMind Groups were about working out every detail in long, strenuous sessions. From your article, it sounds more like it can be some work and some play, but mostly about sharing a wonderful experience while being creatively productive.

Stay Extraordinary and Do Great Things, Neil
Yeast In Dogs Ears

Phil October 2, 2011 at 8:09 pm

I’ve had the privilege of being one of Dennis’ MasterMind partners for several years, so I’m not exactly an unbiased observer! Far from it! I’ve belonged to MasterMind groups for over 30 years and find them invaluable! (Not always easy and they do take time as Mark noted, but enormously rewarding and very, very profitable.)

Not without some conflict of interest, it happens I also “wrote the book” on MasterMind groups — how and why to set them up, how to select members and how to run them for maximum benefit. You can check it out at: TheNewMasterMind.com

Phil

Dennis Perry October 2, 2011 at 10:45 pm

Thanks Phil for the link. The book is an excellent one.

Covert Hypnosis October 2, 2011 at 6:48 pm

This sounds very rewarding, having a mastermind group, however, it also seems that it would take a lot of motivation or effort to, every monday morning, pick up that phone and talk.

Thanks for introducing this idea, Dennis!

Mark Hogan

Cherie Miranda October 2, 2011 at 6:38 pm

It sounds like you had a wonderful, productive, and nourishing mastermind meeting. I’ve wanted to be part of a high level mastermind group like yours for quite some time.

Cherie Miranda

Holistic Health Expert

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