Hey friends! This is a topic that I’m super excited to be blogging about. After all, I can’t tell you how many people have emailed me asking how I got involved in my current mastermind group. So, simply stated, this blog post is dedicated to answering some questions about mastermind groups, as well as sharing a few ways you can find one of your own!
How did you first get involved in a Mastermind Group?
I was actually contacted by a friend in the stationery business who asked me if I wanted to be part of one. Her (and two other creatives) had already decided to be committed to a mastermind and wanted to get one more person involved - I’m not entirely sure what spurred them to do this in the first place, but I’m sure they were inspired by other mastermind groups that they saw meeting up (and by meeting up, I’m talking about hosting virtual meetings through group hosting platforms such as Google Hangouts, Appear In, OoVoO, etc). At first, I wasn’t sure what a mastermind group was, or how it could benefit me, but after my friend explained all of the pros to joining a group and committing to bi-weekly meetings, I knew I wanted to be a part of it.
Not only did I participate in a mastermind group for almost all of 2017 (we ended a little early due to one of the group members having a baby and another moving into a part-time job that was definitely her calling) but I’ve also been a member of a group for all of 2018 so far! The 2018 group consists of me & one other girl from the 2017 group, as well as two other girls that we invited to join us! I will tell you more about them in the next question!
What is a Mastermind Group?
A mastermind group usually has virtual bi-weekly meet-ups (sometimes monthly depending on what you decide) with a group of like-minded, business individuals!
Basically, during your meetings you can talk about all kinds of things including your business successes/failures, new strategies you might be considering, as well as insights you have for one another. Most mastermind groups contain 4 individuals. Adding any more members than this means the meetings might get too long and won’t allow everyone to share enough, and doing any less means there won’t be as much variety in opinions and backgrounds.
Masterminds can work for any type of industry. For example, a mastermind could consist of a real estate agent, an interior designer, a freelance writer, and an accountant... OR in terms of more creative-related industry types, a mastermind group could consist of a watercolor artist, a calligrapher, a photographer, and a website designer.
My current 2018 mastermind group is very similar to this! I consider myself a custom wedding invitation designer & calligrapher. Here are the 3 other ladies that I’m currently meeting with and absolutely adore:
Kristen Fulchi - www.kristenfulchi.com - Branding, Photography, & Web Design
Dianuh Aerin - www.chasinglinen.com - Calligrapher & Watercolor Artist
Sianne Sprauge - www.simplysianne.com - Graphic Designer & Brand Strategy Consultant
This group has seriously been magic and I couldn’t ask for a better group of girls to meet with! Three of us live on the east coast (GA & FL) and one of us is on the west coast (CA) but we still managed to pick a meeting time that worked for all of us! And yes, we do meet during the day during our work hours.
Why is a Mastermind Group valuable?
Y’all, a mastermind group (if I had to put a price tag on it) is similar to paying $2,000 in business coaching, or more, but without the ludicrous price tag and a lot more friendship, jokes, pet stories, etc. involved! The key to getting it to work well is by getting 4 individuals that are truly committed and willing to give just as much as they get. No, you won’t be expected to spill all of your business strategies and trade secrets, but you will be expected to participate and give your wisdom and advice. I can proudly say I’ve become close friends with all of the ladies in my mastermind group.
When you get the perfect balance of four individuals in the same industry, but with different perspectives and strategies, you have an amazing built-in business panel to rely on when you’re feeling directionless in your business or need some advice on your next “big” thing! In my mastermind we’ve already covered so much ground in 2018. We’ve talked about Instagram strategies, blogging, SEO, online courses, and so much more.
What is the general structure for Mastermind Group meetings?
The first thing you will need to determine with the people you want to meet with is a good meeting time for all of you! This should be a meeting time that does not involve hardly any scheduling conflicts. The goal is to be able to have every member able to attend during each meeting (save for vacation days, etc). Once you decide on the meeting time you need to plan on staying committed to the time and not scheduling any other things over it! Treat the meeting with as much respect as you would treat your clients with if meeting with them one-on-one. My current Mastermind group meets every other Monday at 1PM EST. It’s a great way to start of the week! Also, I highly recommend using Appear In for your meetings - it’s the platform that’s worked the best for us!
The structure of all your meetings is mainly up to you and the other group members! The way that we have been doing ours (up to this point in 2018) is to devote 15 minutes of the beginning of the call to just say hello and catch up on life in general. Then each person has 15 minutes to give an update about their business and discuss goals they have, advice they need, ideas for new projects, success/failure stories, and the works! The “15 minutes per person” also includes getting feedback from the other members as well, so everyone needs to try to be somewhat conscious of the time! In a “perfect” world these calls would last 1 hour and 15 minutes, but my group enjoys each other a ton and always has plenty to talk about so ours can easily reach 1 hour and 45 minutes sometimes if we are on a roll :) I essentially always schedule out 2 hours for the call on my calendar just to give myself plenty of time!
My group is also currently discussing the option of making some of the meetings have a “discussion topic” such as Making Money on YouTube or How to Create an Online Course... meetings like that would allow us to extensively dive into our discussion and share a lot more on one specific topic that we are all interested in. Like I said, it’s really up to you and your group to determine what will work best for you!
Where can I sign up for a Mastermind Group?
The tricky thing about mastermind groups is that they all seems to exist “underground” for some reason. It’s hard to find them and, if you Google mastermind groups, it seems like certain companies are charging you a pretty penny to sign up and get matched with other people! The other thing you need to keep in mind is that you’re probably a creative like myself... which means you’re going to want to meet up with other creatives! And, in the grand scheme of things, there actually aren’t that many of us LOL.
You have a couple of options. Either A) you can create a mastermind group completely out of thin air by inviting people you are interested in meeting with and think would enjoy one another and have good contributions, which definitely isn’t a bad route at all, it just might take more legwork on your end or B) you can have me help you!
I’ll have you fill out a quick survey and match you to other people in the industry who are looking for a Mastermind Group as well (and I’ll do this for a small fee of $15). I will also give you a supplementary PDF called the Mastermind Group Starter Packet that will help you get set up, determine a meeting time, and get to know one another! Once I do that part, my job will be over and the rest will be up to you! If you’re wondering “But why are you charging me for this,” it simply comes down to the fact I’m spending my time to do this for you and can’t afford to do it for free! Hopefully that makes sense :) And hopefully it will be 100x worth the small $15 fee!
Right now, I’m opening up spots for 20 creatives to fill out an application. If, and only if, I’m able to find a group to match you with, I will send you an invoice for $15 before sending you their information to connect with them! Sometimes creating a well-balanced group doesn’t always work out, so I can’t guarantee that I will find you a group to meet with (and, in that case, you won’t need to pay any sort of fee). If that’s what happens, I’ll make sure to notify you.