What Do You Do In a Mastermind Group?

Posted on 08. Jul, 2007 by Elizabeth Potts Weinstein in Blog

Many of you have asked me what we do in my Group, so I thought I would share the general happenings from our meeting last week in L.A. 

Here’s a photo of my group:  from left to right – Sandy Grason, Sandra Martini, Andrea Blackwood Harriott, Alexandria Brown (head coach), Jane Button, Carolyn Ellis, Fabienne Fredrickson, Toni O’Bryan, Valerie Hayes, Jayne Brodie, (yours truely) Elizabeth Potts Weinstein.

Platinum Group Photo

Our group has a few components, including monthly meetings by telephone, a yahoo group for us to exchange emails, and we get six 15-minute coaching calls with Ali.  But the core of the group benefits are the meetings we have three times per year.

 

At the meeting, each person gets 45 minutes to do whatever they want – to discuss particular issues or problems, to go over a business plan or new project idea, or to just brain dump a bunch of ideas and see what the group thinks.

During my session, I went through my current plans and asked the group some specific questions.  I handed out a spreadsheet I had created that summarized all my marketing campaigns and my product funnels, and we talked about my target market and the group asked me to identify my passion.  But the biggest part for me was just that the group made me focus on what I wanted to do, stop doing what I "should" do or did not enjoy, and help me figure out how to spend my time for the next 9 months. 

Listening to everyone else’s presentations was very helpful to my own business — new marketing ideas, new wasy to spin my current offerings, and new ways to outsource work.  Our head coach, Ali, also gave us some "insider-only" information about what she does in her million-dollar business, what works for her, and what she has changed to triple her income in just one year.  And then at the end of the meeting, we went around the room and each person said what they are going to do by the next live meeting (90 days) and by the next telephone meeting (10 days). 

This group is a great balance of working with a coach and working with a group.  There’s a clear leader to pass on information, give her opinion, and keep us on track.  We also have the collective wisdom and experience of a group that provided more valuable feedback and ideas than any one person (no matter how great of a coach one person may be).

Ali launches her 2008 platinum groups at her next in November.  You can learn about the OSBW at her free preview calls – see you there! 

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  • A good mastermind group is a great way to increase your odds of success. Glad to see so many positive people grouping together.
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