How Mastermind Meetings Propel You Towards Your Goals

In recent times, business communities have been abuzz with discussions about mastermind groups. To understand the hype and high demand surrounding this format, we spoke with Olesya Savchenko, a certified moderator of masterminds and forum groups in business clubs in Belarus and Russia, finalist of the international award “Moderator of the Year 2024,” former HR director in international companies, and founder of the women’s club “Insight.”

The Challenge of Information Overload

Today, there is an overwhelming amount of knowledge that individuals struggle to absorb. Mastermind groups help address this challenge effectively.

Understanding Mastermind Groups

A classic mastermind group is a small gathering of people who help each participant achieve their goals through shared experiences. Typically, 5-7 individuals meet periodically for about 2.5-3 hours, guided by a moderator following a specific methodology. The effectiveness of the group depends on the quality of its composition, including the similarity of participants, adherence to the methodology, the professionalism of the moderator, and the personal responsibility of the members.

The Popularity of Mastermind Meetings

The popularity of mastermind meetings can be attributed to several factors:

Information Overload: There is an excess of educational products. People spend a lot of time learning but do little, leading to fatigue. They often feel like impostors, believing they need another certificate to start taking action. Without actions and results, dissatisfaction and insecurity grow. Mastermind groups help participants realize they already have the knowledge to act and start implementing their plans.
Rapid Obsolescence of Knowledge: New knowledge emerges much faster than individuals can absorb it. Mastermind groups address this by allowing multiple people to share their experiences on a single topic.
Efficiency: In just 20 minutes, a participant can gain a summary of the best practices that have already worked and yielded results for other members.

Mastermind vs. Other Learning Formats

Mastermind groups are not about boring lectures and instructions. They are about “take and do.” Unlike other learning formats, mastermind groups focus on collaborative discussion and solving the current issues of each participant. In these groups, people share their problems, receive feedback and experiences from others, and discuss possible solutions and strategies. Mutual support and collective thinking play crucial roles in finding new perspectives and solutions, creating a unique atmosphere for personal and professional growth.

In mastermind groups, there is no single leader or teacher; each participant contributes and learns from others. This creates a dynamic and supportive environment where individuals can gain new knowledge and find motivation and inspiration for further development.

Versatility of Mastermind Groups

People come to mastermind groups with various requests, ranging from writing a book to launching a podcast or adopting new habits. The most common request is starting a new project or business. Many groups focus on developing personal brands. Results can vary widely. Some participants achieve in the first meeting what they had planned for two months. Others set financial goals and determine the tools to achieve them, only to find that the goals are met in entirely different ways, leading to a change in strategy. Some participants clearly achieve what they dreamed of and came for, such as opening a business and starting sales of their online products. Others realize that their goals were imposed by someone else and free themselves from unnecessary obligations.

Empowering Women Through Mastermind Groups

As my four-year-old daughter says, “I can do everything because I believe in myself.” From my perspective, mastermind groups provide the necessary ingredients for flying towards one’s dreams—whether it’s courage, focus on goals, or motivation.