The concept of gathering a small group of sharp minds to solve hard problems together is older than your company, your industry, and probably your grandparents.
The Junto Club (Benjamin Franklin, 1727)
In 1727, Franklin started the Junto, a small group of Philadelphians who met to improve themselves by sharing knowledge. It grew out of 12 tradesmen and led to real institutions, including the Library Company of Philadelphia, the first successful lending library in the Americas.
Source: American Philosophical Society (founded by Franklin himself)
Napoleon Hill (1937)
Hill made the “Master Mind” idea famous in his book Think and Grow Rich (1937). That's where the word “mastermind” in your industry comes from.
Source: Napoleon Hill, Think and Grow Rich (1937)
Every serious leader since has either been in one, wanted to be in one, or was too proud to admit they needed one.
Here's the short version: a mastermind is a curated, facilitated group of peers who meet regularly to solve problems, accelerate decisions, and hold each other accountable.
“Think of it as a board of advisors you don't have to employ — and who will actually tell you the truth. It's the place where smart business owners and leaders stop spinning, stop isolating, and stop making the same decisions in the same room with the same people who've been agreeing with them for years.”