FREDERICKSBURG MASTERMIND GROUP
The concept of Mastermind Groups was first discussed by Napoleon Hill in his famous book, "Think And Grow Rich". Hill found through his research of the most successful people of his time that they had something in common. He discovered through his research that a key difference that made people successful was being involved in Mastermind Groups.
Masterminding involves bringing people together with different experiences and ideas to collaborate, brainstorm, and provide support to help the participants achieve their goals. For business owners Masterminding can help you model other successful entrepreneurs and make you accountable for achieving your goals. Masterminding provides you with your own personal experienced board of directors and a support system.
FREDERICKSBURG ENTREPRENEUR MASTERMIND
What is the Fredericksburg Mastermind Group?
We are setting up a Mastermind Group for Fredericksburg entrepreneurs who want to benefit from the peer to peer network of group coaching, support, and experience. We are ready start this new group with entrepreneur members who are anywhere between the start-up status and not profiting yet and up to as much as $30k per month in total revenues who are looking to grow.
The reasons for a mastermind group are:
To share your ideas and/or challenges and get feedback from other Fredericksburg entrepreneurs so that you can leverage their success and experience to rapidly grow your business.
To provide access to a network of local business owners from various backgrounds to obtain different perspectives, input, and resources.
To make yourself accountable to others for key goals you have for your business and have a system to help you follow through.
FREDERICKSBURG ENTREPRENEUR MASTERMIND
Here are the main components of the group:
Meeting in person with your group once per month in Fredericksburg, Virginia.
Each member will have 15-20 minutes of their own time to share their challenges, ideas, to get feedback and suggestions from the rest of the group. This is your time to bring up your important business issues and get valuable advice from the group to help you move forward.
Members set goals for the next month at the end of the session, and are paired with another member for the month. A weekly time is set between pairs for a quick weekly phone call to follow up and make sure you follow through on your goals each week.
Members are from non-competing industries and sign confidentiality agreements.
5. TIGHTLY KNIT
The Fredericksburg Mastermind Group is tightly knit, and made up of like-minded people in the pursuit of achievement. We are looking to keep the mastermind group to a max number of six individuals right now. Keeping the group this size helps to build true connection and relationship in the group month after month. Having a small sized group gives each member more value from the group, by having time to share every session. Over time this creates a group environment that really becomes both a a support system and a tightly knit entrepreneurial family of friends.
This video interview below with Evan Carmichael talks about how this mastermind structure works, as well as the benefits for local entrepreneurs. This interview was really the inspiration for the structure for the Fredericksburg Mastermind Group. We may not follow every single aspect of how Evan's group functions though it will function similarly. Hope you enjoy the video!
FAMOUS MASTERMIND EXAMPLES
3 Famous Mastermind Groups of History:
1. The Knights of the Round Table
King Arthur was one who presided at the Round Table with all of his Knights.
Most of us of have heard of King Arthur (the famous British leader of late 5th and 6th centuries) and the Knights of the Roundtable. We have heard of King Arthur’s legendary gathering of a marvelous court of prominent warriors. This group is said to have been gathered to maintain the order and success of the kingdom. The group is a gathering of prestigious and successful knights in a group; each member having equal status and stake in the success of the broader group. While very much a legend of oral history and fiction, It’s safe to say this was one of the first true mastermind groups documented in fiction or history.
2. Henry Ford's Mastermind Group "The Vagabonds"
Next we have "The Vagabonds": Henry Ford, Thomas Edison, Harvey Firestone, and John Burroughs. Was also joined later by Warren Harding.
Between 1915 and 1924, Henry Ford, Thomas Edison, Harvey Firestone, John Burroughs, and Warren Harding calling themselves the Vagabonds
The Vagabonds were a group of great men who were not just members of a mastermind group, they were friends. These friends came together to discuss all possibilities in business and innovation to help them improve, grow, and spark new innovations. These men sought the inspiration and company of other great minds, creating a mastermind that would help them improve.
3. Andrew Carnegie and the Steel Mill
In the must have book, “How to Win Friends and Influence People” you learn about some secrets to Andrew Carnegie’s success. Carnegie transformed the steel industry in the US controlling the most extensive integrated iron and steel operations ever owned by an individual in the US. In fact, if it were not for Carnegie and his efforts in the Steel Industry, the sky scraper may not exist.
It’s well known that, Carnegie changed the course of history in America through his Steel Empire, however, it is lesser known that he himself actually knew very little about the manufacturing of Steel! The secret to his success was not his expertise and knowledge but in his understanding of people. He knew how to surrounded himself with the right individuals. He was savvy enough to ensure he had a small group around him that pushed him to succeed. Even though this was nearly 30 years before the term “mastermind group” was ever uttered, Andrew Carnegie, one of the most successful men in American history, was aided by the benefits of a mastermind group.
Many Modern Examples, and Now Widely Adopted
There are now many modern mastermind group examples today in the world of entrepreneurship. Good mastermind groups are now highly sought after by business owners because of how effective they are in helping growth. Many companies are taking on the model of masterminding in order to take their companies to the next level. Many celebrity entrepreneurs talk about the benefits of mastermind groups and the power of association.
We are a group of men and women who prioritize and value our individual time and the time of each group member. The mastermind group requires a strict monthly commitment to the meeting and to weekly, 15-minute accountability phone calls. Absence from the monthly meeting is not an option due to the fact that your absence changes the dynamic of the group and the other members are left without access to your skill set and expertise.
There is small annual fee that will be finalized shortly that will help cover the operating cost of the group while also ensuring that each member has skin in the game and values the time each month. We will have a dinner at a local restaurant for the monthly meeting and break bread as we collaborate.
Membership is not for everyone. You must be serious about building your business and be willing to share with and learn from other entrepreneurs. If you would like to get involved or learn more details, contact Richard by clicking here.
We are currently recruiting for the Fredericksburg Mastermind Group and seeking to fill 5 spots. We hope that you consider applying for the Fredericksburg Mastermind Group.
Click The Button Below To Email Richard And Apply For The Fredericksburg Mastermind Group