If you were hosting a mastermind, how would you do it?

No replies?

Hi Jim,

Personally I'd avoid Friday's - bad night for anything because people go away for the weekend and go out after a week at work. I'd suggest a Thursday would be better and the 1st and 3rd each month would work well.

You need to think out a structure and determine what works best. My suggestion would be a formal structure with it lasting around 60-90 minutes or so. I'd have a presentation of some sort from a member or two designed to educate the group, then maybe a discussion on a subject and then I'd move on to it becoming an informal meeting, i.e. off to the nearest bar for a few drinks and an informal chat?

All the best

jason

We've done meetup groups. We usually recommend people bring some snacks to share. Bring business cards or books to pass around. Have it run for about 90 minutes. Spend the first 30-45 min introducing each other (but it's casual and can turn into business related talk) and then cover a topic: list of resources, tax info, seo tips, etc.

Also, if you want to be really cool, you turn on a computer with a webcam and set up a Google+ hangout so others can join online.

This is also a great place to get people on an email list.

When I hosted my first mastermind over a decade ago I had it as an informal group. That worked out okay for a few weeks, but then ultimately nothing got done. It turned into some marketing chats but usually people would begin making small talk or having other distractions.

The most powerful masterminds I've ever been a part of or started had a very clear goal in mind. Even if it was as simple as "let everyone help one another grow their businesses" (but there would be definitely topics each week with homework assignments).

After 3 or 4 botched attempts, I finally figured out what worked for me, my personality type, and my learning / socializing style. It is VERY important to find like-minded individuals who have similar goals to you. Though I believe you should have SOME fun during the mastermind meetings, they should definitely have a focus and some seriousnesses to it if you want to really accomplish anything.

A few years ago I started a mastermind in a niche that had nothing to do with making money. I found about 16 marketers ranging from total newbs to intermediate and the main goal was to have everyone develope ONE lead product, whereby we would all cross-promote one another's products. From that group we have formed a very profitable, tight-knit group of 6, with a product offering in the hundreds.

We had a treasurer, we had someone in charge of quality control, we had different people lead the MM meetings, and they were INTENSELY focused. If anyone got out of line or weren't participating, they were kindly asked to leave. Luckily, that was only one person (he was looking for overnight riches.......years later, he's STILL looking).

If you treat your mastermind like you running a Fortune 500 company mastermind meeting, you're going to completely blow your mind at what you, as a group, can accomplish in a year or less.

RoD

Hey, thanks for all of the great advice so far. I really appreciate the ideas, keep them coming.

Jim

Jim I thing you should first gather everyone who is invited skype id and make a group on skype in order for everyone to get to know each-other and see what they think about the day/time/subjects of discussion, etc. Everyone is unique and the best answers you will get from your mastermind group members...

Good luck

I've recently joined skype, so I can hopefully get things going with that. I'm not sure if I want to connect it with the Friday thing, or set up a separate thing altogether for skype. I'll keep you posted. Thanks again for the input.

Jim