A Proven Method for Success
In today’s podcast, John explains the power of the mastermind principle. He recounts the history of the discovery of the Mastermind Principle in 1939 attributed to Napoleon Hill, author of Think and Grow Rich.
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John first discussed masterminds in Episode 208 as a way to support and accelerate career transition.
He describes the Mastermind sessions he attended as a chief medical officer (CMO) of a community-based hospital. The highlight of those meetings was time on the “hot seat,” designed to help overcome a challenge or solve a problem that they were facing.
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We’re proud to have the University of Tennessee Physician Executive MBA Program, offered by the Haslam College of Business, as the sponsor of this podcast.
The UT PEMBA is the longest-running, and most highly respected physician-only MBA in the country. It has over 700 graduates. And, the program only takes one year to complete.
By joining the UT Physician Executive MBA, you will develop the business and management skills you need to find a career that you love. To find out more, contact Dr. Kate Atchley’s office at (865) 974-6526 or go to nonclinicalphysicians.com/physicianmba.
Mastermind Principle Updated
A mastermind meeting typically lasts about an hour. During that time, the member in the hot seat presents a major challenge, and the remaining members probe to clarify the challenge and ask pointed questions to explore previous efforts to resolve it. Ultimately, possible solutions are generated and the hot seat member commits to following up with those ideas.
John, however, prefers using his “10-minute mastermind” approach for those pursuing job transition and advancement. This concept was adapted from “The 8-Minute Mastermind” by Brad Hart.
Meeting monthly, these sessions involve 5 to 10 clinicians each taking a turn on the hot seat. John currently holds these meetings on a Saturday morning or Wednesday evening. The sessions are recorded, and each participant receives a copy of the audio recording.
John also shares the “chat” record, with suggestions for experts and coaches, books, articles, podcast episodes, and other useful resources mentioned during the meeting.
Benefits of a Mastermind
The participants in this session have had outstanding success in selecting, pursuing, and landing nonclinical jobs.
Benefits of joining a Mastermind include:
- a source of encouragement and support,
- accountability,
- networking opportunities, and
- brainstorming.
They’ve been shown to help entrepreneurs and business leaders advance their careers and improve the performance of their organizations.
And for someone looking to change careers, it’s great to learn about what others have tried, get support and encouragement, develop different approaches to your job search, and maintain accountability. As a result, you will progress steadily to your next position or career.
Your Own Mastermind Group
Start your own mastermind or join one that already exists. John has created a short worksheet called “Starting a 10-minute Mastermind” that you can download for free. It covers the initial steps to building a group and the outline that John uses to run his 10-minute masterminds.
To join one of John’s masterminds, you can sign up at nonclinicalphysicians.com/mastermind.
Summary
For anybody wanting to accelerate their career transition, or to build success in whatever they’re doing, leveraging the mastermind principle is the way to go. Done properly, there is no better way to develop a network, build confidence, overcome challenges, and maintain accountability.
In fact, being a member of more than one mastermind is not a bad idea. And if you can’t find one to join, such as the Nonclinical Mastermind, you should get a few colleagues together and start your own. To learn how to do that, download our one-page worksheet and get started.
NOTE: Look below for a transcript of today’s episode. [Also: the book links above are Amazon Affiliate links, so we receive a small commission when you buy using these links.]
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Disclaimers:
Many of the links that I refer you to are affiliate links. That means that I receive a payment from the seller if you purchase the affiliate item using my link. Doing so has no effect on the price you are charged. And I only promote products and services that I believe are of high quality and will be useful to you.
The opinions expressed here are mine and my guest’s. While the information provided on the podcast is true and accurate to the best of my knowledge, there is no express or implied guarantee that using the methods discussed here will lead to success in your career, life, or business.
The information presented on this blog and related podcast is for entertainment and/or informational purposes only. I do not provide medical, legal, tax, or emotional advice. If you take action on the information provided on the blog or podcast, it is at your own risk. Always consult an attorney, accountant, career counselor, or other professional before making any major decisions about your career.