Every company, team, organization, and individual can benefit from having a clear purpose, vision, and mission.

Your purpose is why you exists.

Your vision is what you are seeking to create.

And your mission is how to plan to do it.

These foundational elements of your mastermind group will be primarily based on who its members are. Mastermind groups can be based around a variety or combination of factors such as:

• Industry (e.g. information marketing, automotive, fashion, etc)
• Position (e.g. CEOs, CFOs, HR Directors, lawyers, University Presidents, etc)
• Region (e.g. Brooklyn, Northern California, Northeast, Asia, etc)
• Company Stage (e.g. Entrepreneur, Solopreneur, $1M-$5M, 10-30 employees, etc)
• Identity (e.g. Goal-getter, Christian, New parent, etc)

What is the mastermind group purpose?

My mastermind group serves hard workers, both entrepreneur and employees, who have always been ahead of the pack in their lane, therefore they need a pack.

The purpose of my group is:

To create more ease and happy hours in the lives of hard workers as they pursue their Life’s Work

Happy hours is language that my tribe embraces and understands. It’s how we measure success. Life’s Work is also our language and it encompasses all of hats we wear from professional to parent to partner to peer. Some mastermind groups only seek to help you advance in income and that’s perfectly fine. Ours is more holistic, so we attract and repel certain types of people.

The purpose in a mastermind group of entrepreneurs that I’m a part of is “to create self-managed businesses.” Other examples could be “to automate our hiring processes” or “to grow to $10 million in revenue” or “to achieve more work-life balance” or “to live like an athlete in food and fitness.” Having a definite purpose that everyone is working towards is a major key to success.

I encourage you to watch Simon Sinek’s, author of Start With Why, TED Talk on How Great Leaders Inspire Action as you craft your purpose.

What is the mastermind group vision?

The mastermind group vision is ideal end state. It’s how you know you’ve fulfilled your purpose.

The vision is my group that all members aspire to is:

Success without stress, struggle, sacrifice, suffering, or solitude

An aspiration isn’t always attainable, but you know whether or not you’re moving closer to that state of being. In my group, we know and agree that success isn’t just about reaching your desired destination. It’s also about enjoying the journey to your desired destination. Everyone has different definitions and metrics for success, but whatever they are, we know that we don’t want to improve those metrics in the way we are if they are creating more stress, struggle, sacrifice, suffering, or solitude. Our opportunity to find another way. And we do that by asking ourselves “Is there someone else somewhere in the world, in my industry, or even in my company with greater or equal responsibility who is having greater success (i.e. pay, profits, promotion, productivity) without the stress I am having and the sacrifices I am making?”

Clarity on your purpose, vision, and mission immediately start to differentiate your group from a cookie-cutter mastermind group.

What is the mastermind group mission?

The mission is how you move towards your vision. Of course, a mastermind group is part of my mission, but I’m also aware that there may be other ways to fulfill our purpose and manifest our vision. One approach could be to play the lottery together as a pool. Another approach could be to aggregate our resources, buy a plot of land, and live off the land together.

The mission of my group is:

Create safe spaces for people to connect, collaborate, celebrate, and be held accountable

I could shorten that by saying create mastermind groups, but every mastermind group is different. The core tenets of our group is connection, collaboration, celebration, and accountability.

You can do this work as the initiator of the group and then use it to attract and repel potential members. Or you can gather a group of people you think would make a great team (not your team) together and then have them define the purpose, vision, and mission as founding members. Either way works.