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The Mastermind Principle: There’s a lot to be gained when people come together. With focus and leadership, the members are unstoppable.
Dov Gordon, a guy with plenty of mastermind experience spoke with On Track Tips and shared his list of 9 Mastermind Tips You Need to Know.
What is a mastermind group?
What’s the difference between joining a mastermind group and simply networking with others via social media? Dov says the best mastermind groups offer structure – clear goals and responsibilities – and THAT makes all the difference.
One caution, though: If you are seeking accountability, you may not be ready for a mastermind. Serious groups generally don’t focus on hand-holding, rather they exist to foster growth.
Should you join someone else’s mastermind or start your own?
The steps to getting involved with a mastermind are:
- Think: what do you hope to gain from participation in a mastermind gathering?
- Search for currently active groups that have the same desires and give them a try.
- If you can’t find an appropriate group, start one.
9 pertinent points about starting a mastermind
- Be clear about the objective: WHY are you starting this group? Is it accountability, networking, education?
- Know who to invite: Each member must be open to the idea of sharing and helping.
- Know what to control and what not to control: Definitely control membership, who joins, and who stays. Don’t try to control deals between members; don’t insert yourself there.
- Know how to lead group conversations.
- Always be moving up. Always grow.
- Understand that you may have to let someone go. Member management is crucial.
- Apply the 80/20 rule: Give more than you get. Allow others to give in their own way.
- Remember, mastermind groups are a long-term strategy, not a quick fix.
- Don’t focus only on business, but also on caring for one another personally.
Are mastermind groups worth the trouble?
“I can’t imagine where I would be without my group,” says Dov. “It means everything to me.”
The Mastermind Principle: There’s a lot to be gained when people come together. With focus and leadership, the members are unstoppable.Click To Tweet
Host of "Get on Track, Stay on Track" weekly interview series, helping your small business one expert at a time.And CEO of Wiser Sites, a general contractor and marketing agency - connecting your customers with your products.
This is a very timely topic, Jason. Group discussion has long been part of social media networking, with both Facebook Groups and Google+ Communities hanging on strong, especially FB groups amidst the lack of reach befalling pages.
I expect we’ll see mastermind groups really taking off as we realize that collaborative efforts maximize both message and mentorship.
I’m sure many will jump on the bandwagon then fade away, mostly because they don’t embrace the proper intent and purpose of measurable mastermind interactions. But I think that, if we hold out, and let those groups fade away into obscurity, we’ll see the rise of a real and measurably effective mastermind mentality in 2015.
I sure hope to hear more reports from the On Track Tips community getting involved with Mastermind Groups Mallie. I am in one that is just starting and it is a incredible resource to my business. We don’t really hold each other accountable per se, but we inspire each other to greater heights and success. As one of our members does something great or has an amazing breakthrough, it makes you want to keep pace and find breakthrough in your own business. Thanks for the comment. See you in 2015