I'm always interested to see how people are applying the Mastermind Group concept to help themselves learn, leverage, and grow. My focus is on Mastermind Groups for small business owners but people are using them for all sorts of different initiatives.
One newly formed group I came across recently is the Value Investing Mastermind Group. It consists of 6 members who are all focused on trying to find undervalued companies on the stock market.
One of the concepts I like about this group is they've split up the members into research teams. It's a young group of people and the research component is needed to help them better hone their skills. A big component of this particular group involves gaining an understanding of different investment strategies so they have divided themselves into three groups of two in order to analyze a list of 50 companies and pick the top 10 that would fit their portfolio.
By breaking the work down and delegating the research they'll quickly be able to leverage the knowledge and expertise that the other members come up with thereby learning much more quickly that it would have taken each member to do it alone.
I'm excited to see what this group produces - and by the way, they're looking for two members to finalize the group at 8 (what I also recommend as an ideal group size).
One newly formed group I came across recently is the Value Investing Mastermind Group. It consists of 6 members who are all focused on trying to find undervalued companies on the stock market.
One of the concepts I like about this group is they've split up the members into research teams. It's a young group of people and the research component is needed to help them better hone their skills. A big component of this particular group involves gaining an understanding of different investment strategies so they have divided themselves into three groups of two in order to analyze a list of 50 companies and pick the top 10 that would fit their portfolio.
By breaking the work down and delegating the research they'll quickly be able to leverage the knowledge and expertise that the other members come up with thereby learning much more quickly that it would have taken each member to do it alone.
I'm excited to see what this group produces - and by the way, they're looking for two members to finalize the group at 8 (what I also recommend as an ideal group size).
Labels: delegating research, mastermind group, stock market, value investing mastermind group
