Mastermind Your Way to Significant Business Growth

Mastermind Your Way to Significant Business Growth

As the head of your own company, you are constantly making decisions that will hopefully help your company grow. When you need advice, whom do you turn to? One option is to join a group of non-competing peers who contribute their creativity, objectivity, and wisdom to help you fast-track your company’s growth. This is called masterminding.

What is a Mastermind?

A mastermind group is composed of eight to twelve highly committed noncompeting peers who meet regularly to discuss each others’ business successes, failures, and challenges.

The members are carefully chosen by a facilitator or coach who runs the program. The characteristics of a great mastermind member include:

  • A willingness to grow and an ability to take coaching or constructive criticism
  • Complete confidentiality
  • A team player who is willing to contribute to the other members’ successes

The characteristics of a great mastermind group are:

  • Members that are at the same revenue level.
  • Members from all different industries so that new ideas flow plentifully and perspectives are always opened wider.
  • Complete commitment to the group: on time, present, and engaged.

Benefits of Masterminds

As many of you know, I’m in a mastermind group this year. Just a few of the benefits I’ve received include:

  • A peek into other company’s revenue models, processes, and team structures so that I can learn and apply great ideas to my business.
  • A forward look at what is selling and what is not selling right now (and that’s pretty priceless info).
  • Killer advice and feedback from smart “A” players who are committed and serious about their business.
  • Instant clients and project partners (half of the mastermind group is now doing business with me).
  • Red carpet opportunities.
  • Lifelong friends.

A Mastermind Agenda

If you are looking for an edge for your business and possibly feeling “lonely at the top,” a mastermind is the perfect solution. It provides a safe sounding board for you to air your issues as well as bounce your craziest ideas off of. The best mastermind groups allow for:

  • Time for each member to be spotlighted so that other members can get to know their businesses.
  • Hot seat time, where members invite the group to coach them on a particular issue.
  • Informal, get to know each other personally, time.
  • Training that is relevant to the group and timely for the issues they have.
  • Professional facilitation so that all members have equal time.
  • Coaching by a leader who has been where the others are trying to go.

You Don’t Have to Do It Alone

There is enormous synergy in bringing great entrepreneurial minds together that can fast track your business’s growth.

If you’re interested in a group like this for yourself, please visit http://www.leveragegroupgenius.com or email me at support@sandismith.com. I’ll be facilitating mastermind groups in early 2011 for individuals who are earning less than $1 million in revenues and who are serious about taking their businesses to the next level. If you’re interested or just curious, please contact me so I can invite you to a complimentary sample strategy meeting so you can see for yourself how these mastermind meetings work.

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