I think the first use of a Master Mind Group was from Napoleon Hills book "Think and Grow Rich".
I put an ad up on Kijiji.com and a week later I had one person interested.
We met for coffee first just as an interview to see if we got along with each other. Then we set a date for a first meeting.
At that first meeting we developed our basic rules of the group.
The point of the group was to help each other brainstorm and hold each other accountable to our actions. Actions are the core of our group because without actions all the planning in the world will not help you achieve your goals.
We have since rotated our 2 members that didn't feel the group was for them and we currently have 3 steady members. We do hope to find a 4th to add some variety to the discussions.
Our basic meeting Agenda is:
1) Wins of last week - We each take a turn stating the good things that happened concerning our actions for last week. Max 1 minute per person.
2) Challenges with completing your actions - If you had any trouble completing an action from last week now is the time to tell the group and get feedback or full out brainstorming session. 5-30 minutes per person, less if the group is more than 3-4 people.
3) Actions for next week - Based on the discussion at the meeting you make generate new actions or decide to do last weeks actions again. 1-5min per person as some discussion may happen.
4) Other business - a place for quick discussion of when your next meeting will be and anything that does not fit above.
Each week different member chairs the meeting so no one is the leader of the group. I feel this is important so people can better open up about business and life issues in a group of even peers.
Have a great day!
Ian