From the assembled heist group in the movie The Italian Job to the most clever people in the world, the term “mastermind” has been used in many contexts. Like in the American animated series, Pinky and the Brain, Brain identified himself as the mastermind who sought to take over the world. Much like that, masterminds are referenced in the news as a person who premeditated, conspired and executed a crime.
Despite these negative references, the majority of people just don’t know what a mastermind is. The confusion derives from the different uses and references to the term. For example, a mastermind can be a person, place, organization, group, concept, and even an action. The principle behind these examples explains that a mastermind is a key role in the process of achieving some sort of outcome.
To put it simply, a mastermind is a group of people who are committed to growth and achievement who work towards goals and aspirations. They gather often and regularly to solve challenges. A mastermind can be a person, a group of people or an organized community. Matt Fritzsche, the founder of an accountability company who hosts masterminds throughout the US, Amplified Minds, describes his mastermind groups as a community of achievers and a circle of knowledge where groups meet to discuss their challenges and use the knowledge and resources of others.
When masterminds meet, the group discusses individual challenges and brainstorms solutions. The general structure of a mastermind group includes accountability follow up on previously set goals, discussing solutions, sharing resources and connecting networks. Each person in the group is given a short period of time to share their challenges, and then the group masterminds (discusses and brainstorms) in hopes to resolve the challenge and move closer towards their goals.
Fritzsche explains that in the Amplified Minds mastermind groups, individuals come prepared with a challenge in the form of a question. The group follows the question with clarifying questions. Then, the group brainstorms possible solutions and value-adds for each individual. When the individual feels content with the information provided, they set a goal. Groups meet every two weeks where they follow up and face new challenges.
"The key to an effective mastermind group is preparedness, equal contributions by each member and continued follow up," said Fritzsche. "We employ an accountability program where we equip our members with an accountability partner to allocate resources and follow up on their daily and weekly tasks needed to fulfill t