Why and How to Start a Mastermind Group

You’ve heard people talk about their mastermind groups before, but maybe you’ve just assumed that you aren’t “big” enough to be a part of one. Or, maybe you’ve never been invited, or perhaps you don’t know what’s in it for you. In this episode of The Friday Habit podcast, Ben and Mark break down for you the benefits and how-tos of creating your mastermind.

A mastermind group typically consists of 4-8 participants who are in a similar industry or stage of personal or professional life who meet regularly. So, what could you gain from being a part of a mastermind?

1. Gain an outside perspective – Sometimes, all you need is to get out of your own head and get someone else’s take on your challenge or dilemma. It is even better if that person has knowledge of your business and your previous endeavors.
2. Make learning automatic – By having people in your group who are above and below you in terms of experience in certain situations, you have a built-in community that can help you learn as you go.
3. Achieve more goals – Accountability is key in accomplishing any goals, and this group provides that opportunity.
4. Build strong friendships – Spending time with each other and discussing your goals and accomplishments will lead to an enhanced community that could extend beyond business.

If you are considering starting your own mastermind group, here are a few suggestions for getting started:

• Make a list of people to add
• Set up a group meeting to discuss the potential of starting a group
• Establish ground rules such as meeting timing, adding new members, attendance expectations, etc.
• Add a recurring event on your calendar
• Set up a shared Google Doc for resources and/or a Slack channel
• Stay organized and consistent

Your action items after this episode are to make a list of people to add to your mastermind and set up a group call.

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