9 Elements of a Great Mastermind Group
Sep 27th, 2009 | By Loretta | Category: Articles & Other Information, Stuff We Use & LikeThank you for coming back to visit us! Please subscribe to our newsletter to receive more information.
Any group of people can band together and call themselves a “mastermind group,” but finding the right mastermind group isn’t always that simple.
The people you surround yourself with will be a determining factor in your success, so you want to choose that group wisely. Here are a few things to think about as you look for the perfect for you mastermind group.
Safe Haven
Any group you consider joining should be a place where you can freely share information without fear that someone will take your ideas or worry that your questions sound stupid.
Like-Minded, Helpful Individuals Working Together Toward Common Goals
Your mastermind group will probably be filled with people
so make sure that you’ll be brainstorming with positive people that are willing to help.
The people in the group are what make it what it is. When everyone works together it’s a success.
Low Cost-High Return
Sure, you could be paying upwards of $800 per month for a “mastermind group” but do you have to? Absolutely not! There are low cost options out there and they can easily be more than worth your investment in time & money. One of my favorite is Lynn Terry’s Self-Starters Weekly Tips Elite Forum.
Unique Perspectives
Surprise! You don’t have to know everything! It’s true. Your mastermind group should be filled with people that think differently than you do and have a different skill set. This is where the true help comes into play.
When you’re brainstorming ideas you’ll get so many unique perspectives it’ll make your head spin with possibilities. Get your pen & paper ready.
Exclusive Resources
Your mastermind group should have a lot of information to share but one thing your group should provide you with is exclusive resources. The leaders & group members freely share information not available to the general public. This will give you an edge over your competition (provided they don’t belong to the same group).
Keeping You Accountable
Your mastermind group should be filled with “friends” and true friends will want you to succeed. Share your goals with the group and watch them help you stay accountable. Your business will grow and thrive because you’re giving it the attention it deserves. Talk about accountability creating success.
Support When You Need It Most
A mastermind group isn’t just about keeping you accountable. It’s also about lifting your spirits when you’re down-as long as you’re not throwing a pity party- and helping you get back on track and regaining your focus.
Making Your Business Better
People in your mastermind group should help you make your business better. Ask them to take a look at your sales letters, new products, websites and ordering processes. Take the suggestions you get and test and tweak your stuff until it’s the best it can be.
Contacts & Joint Venture Possibilities
Your mastermind group should be filled with possible business contacts & joint venture partners. You’ll promote them, they’ll promote you and life, as you know it, will only get better as you gain entry into markets you might not have otherwise been able to.
Now that you know what makes up a cracker-jack mastermind group get out there and find one that fits YOU. If you’re having a hard time choosing, then I invite you to join me at MY mastermind group. You’ll find all 9 of the elements listed above and then some. Can’t wait to see you there!



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Mastermind groups are fantastic especially when they are not set up as a profit center for the person running them. If they are set up out of genuine caring they can be fantastic when they link to MLM’s they come across as cheap.
Tom Bailey´s last blog ..Richard Branson