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Mastermind Group FAQ

Our Most frequent questions and answers

Your investment to join a group will give you a return of at least 10 time your investment if you participate and accept help from other business owners who have already vetted out some of the same struggles you face.

Mastermind groups exist to help you solve your problems, not to help you discover new clients. Keep your focus on the purpose of the group to create real connections that will stand the test of time. If people think you are there to source prospects, they will not engage with you. But they will happily share about the struggles they face if you provide context from your own experiences.

• Your mastermind group is like having an objective board of directors, a success team, and a peer advisory group — all rolled into one. In a mastermind group, you connect with people who have seen both sides of success and failure. You might not feel like a capable visionary leader at every moment, but when you get into a room of people who understand that feeling, you recognize that you are not alone. People you respect have dealt with their own imposter syndrome (you are not as competent as others perceive you to be); you can too.

In a mastermind group, the agenda belongs to the group and each person’s participation and commitment. Your mastermind partners give you feedback, help you brainstorm new possibilities, and set up accountability structures that keep you focused and on track. You create a community of supportive colleagues who brainstorm together to move the members to new heights. You will gain tremendous insights that improve your business and personal life. Being a good mastermind group member creates massive value for you and everyone in your group.
Mastermind groups offer a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills. A mastermind group helps you and your group members achieve success. Members challenge each other to set strong goals, and more importantly, to accomplish them.
No matter how many business books you read or TED Talks videos you watch, nothing can replace the value of face-to-face interactions with brilliant people. Mastermind groups put you in a room with executives who have faced the same challenges you face — and some you have yet to face — so you can have detailed conversations about your troubles.
If you have gotten used to brainstorming solutions and not following through, a mastermind group could set you on the right path. Fellow attendees can help you decide which tactics to use and which metrics to track. When something does not work, your mastermind colleagues will hold you to your commitment rather than allow you to succumb to setbacks.
Mastermind groups offer incredible advantages to their members, but do not rush it. Take some time to learn about the groups available to you, research the people who lead them, and consider what you want to gain from membership. You might not want to share your insights with others in your industry — that is fine. Look for a group where you would be the only representative from your niche to keep your trade secrets safe.