The term “master mind group” is sometimes confusing to people. A master mind group involves several like-minded people coming together to collaborate and share ideas while working toward individual goals. It’s different than hanging out with friends to vent or complain about problems because you are held accountable by other group members to achieve your goals. However, like friendships, group members offer support and encouragement while also providing professional tools and resources that help you accomplish your short- and long-term objectives.
Friends also get together without specific agendas, just to share time and stories. Master mind groups convene on a regular basis and are facilitated by a trained expert to help accelerate shared learning and action planning. Friends will let you off the hook and commiserate with you if you’re still dating that jerk or if you’re not going to the gym, even though you’ve vowed to lose 20 pounds. Master mind groups will not let you off the hook, and instead will help you find strategies to deal with problems, like booking gym time on your calendar and finding a workout buddy.
What is a Master Mind Group?
Master mind group members both give and receive help. Friendships are sometimes more one-sided. I used to hangout with friends that shared a common interest in scrapbooking. But, over time, they became more interested in their kids and grandkids, while I was always explaining new techniques. I was the only one who brought new scrapbook magazines to share at our gatherings and it felt very one-sided.
I can compare that experience to a recent master mind group in which I participated. The group was focused on collaborative consulting. Out facilitator would open the discussion with background information, a challenge, or question. Each of us described how we had successfully (or not) addressed similar situations in our own businesses. I learned immediate tips from the other members on general consulting topics, like setting the stage and contracting. Without a facilitator, it would have been fun to chat with the other people, but we would never have made specific, defined progress toward a system in collaborative consulting.
Master Mind vs. Training
Since I’ve praised the facilitator from my master mind group, I want to also distinguish how a master mind group is different than training. Training is designed to deliver a set of specific knowledge elements within a given time frame. Learning objectives are pre-determined and the training facilitator ensures that each person in training can demonstrate competency at the conclusion of the training event.
Some master mind groups involve training, including watching videos or listening to pre-recorded lessons. There may even be practice exercises or tests, so the individual can demonstrate competency and mastery of the subject matter.
For example, in our collaborative consulting master mind group, we had videos and tests to complete prior to each discussion period. For some, the lessons were reinforcing existing knowledge and for others, preparing for the session by completing training led to new insights. But where we really benefited from the materials was during our master mind group meetings. Here we shared our “homework”and probed each other to find possible solutions to improve our individual consulting practices.
FYI, training is a part of the Innovation Master Mind (IMM). When you join the IMM, you will get access to the full self-study NPDP course (NewProduct Development Professional), including practice questions for the certificationexam (a $395 value).
Master Mind vs. Coaching
Master mind groups are different than coaching, too. In both consulting and coaching, the facilitator’s role is to help the clients come to their own decisions. I recently helped a company craft their innovation strategy statement. Since I don’t work in their business, I certainly couldn’t tell them what they should do. However, in an expert coaching role, I could frame the right questions they needed to answer. And, I could offer guidance on what works in industry from my own years of experience and experiences other clients have had.
Coaches and consultants are trained to ask open-ended, non-leading questions to understand the client’s perspective. We’re also programmed to not interfere and let you learn on your own while holding up guard rails to prevent a total train wreck. Master mind groups, on the other hand, do offer specific advice and ideas. And that’s the great benefit of the master mind group.!
Rather than fighting all the battles yourself, you can learn from the wars that your compatriots have already fought. In the IMM, this ranges from sharing experiences with affordable product portfolio management software to recommendations for market research firms. You pose your question to the group and you get actionable answers – rather than more questions.
Pilot Test a Master Mind Group
If you’d like to see how the master mind group works in action, please Register Here for a free, 2-hour Innovation Master Mind session on 23 January 2019 from 1-3 pm CST. This pilot group is limited to eight (8) participants and seats are filling up now!
If you’re ready to commit to accelerating your innovation program, you can join the IMM right now for a discounted rate or you can subscribe on a monthly basis for the 6-month introductory group. Learn more here.
Also, I’ve just launched my business Facebook page. Please follow and like Global NP Solutions at https://www.facebook.com/globlnpd/. I’m new to Facebook, so in the full spirit of a Master Mind group, please give me any feedback to improve the page!
For additional information on master mind groups, innovation training, and new product development consulting, please feel free to contact me at email@example.com or 281-280-8717. I love helping individuals, teams, and organizations achieve their highest strategic innovation goals!
Study. Learn. Earn. Simple.
A division of Global NP Solutions, LLC