Couple of years ago I was part of a mastermind group. We discussed business, career, dating, health; no topic was off limits. We met every Wednesday evening. The mastermind was a great support system. But after 5 months we disbanded. Something was missing but I never understood what.
Last week, I heard this guy Taylor Pearson talk about his successful experience with masterminds. He attributed starting a 2nd business and writing a book, to his mastermind group.
Here are the six takeaways I got from Taylor.
- It takes 6-9 months for a mastermind to be effective.
- He started his mastermind on a 3 month trial basis. He said this gave every member the option to walk away which made recruitment easier.
- He started his mastermind by first identifying someone he wanted to connect with. He recruited that guy and then they recruited others based on group consensus.
- He thinks the best masterminds are small – 3 to 6 people.
- He suggests having the mastermind be focused on one area – business or personal or career, etc.
- He suggests setting up the mastermind so that each member writes down and reviews the following question every x months:
If we were having this discussion x months from today, and you were looking back over those x months, what has to have happened in your business professionally for you to feel happy with your progress?
Sounds like a good mastermind helps you convert good ideas into real achievements. Similar to the way RewardCamp helps to convert new shoppers into repeat buyers.
Sign up for a free trial of RewardCamp.