A mastermind group is a group of like-minded professionals who regularly convene both online and in person to share advice. The individual mastermind group definition can vary depending on the group's requirements: there are groups that require members to have attained a certain level of net income, for example.
The Most Highly-Rated Mastermind Groups:
|Mastermind Group||Focus||Starting Price|
|Eccountability||Entrepreneurs||A$999.00 per month|
|Organized Brilliance||Real Estate Investors||Available upon acceptance|
|Brendan Burchard Mastermind||High-Level Entrepreneurs||$30,000.00|
|Joe Polish's Genius Network||Business Owners Making a Minimum of $9 Million Per Year||Available upon acceptance|
|Jeff Walker's Platinum Plus||Online Entrepreneurs||$997.00|
|"Scaling Up" CEO Bootcamp||CEOs of Multi-Million Dollar Businesses||$14,500.00|
|10x Ambition Program with Dan Sullivan||Entrepreneurs with a Minimum Net Income of $500,000||$25,000.00 CDN|
|Vistage||Business Leaders with $500,000 or More in Annual Revenue||Available upon acceptance|
|Carlton Coaching's Platinum Mastermind Group||Entrepreneurs||Available upon acceptance|
|10x Factory||World-Class Entrepreneurs||Available upon acceptance|
Mastermind Group FAQs:
How would I go about creating a mastermind group?
First, figure out the boundaries of your mastermind: do you want it to consist of people in the same industry? Do you want people who, regardless of industry, have achieved the same level of success? Your mastermind group definition is determined by you. Once you've conceived your group's general makeup, reach out on social media. Meet people at networking events. Look up old colleagues or employers with whom you enjoyed working and whose input you'd benefit from. There are plenty of ways to build a mastermind group, and you'll likely think of more once your group begins to meet.
What are some of the typical mastermind group rules?
It depends on the mastermind group, but there's generally an expected level of decorum and a focus on positive feedback. Make no mistake, though - if you're in a mastermind with high-level professionals, they won't hold back their honest critiques. This is good, because you've invested both your time and money, and you should expect to get and give gut-level business advice and support.
Find the Best Business Mastermind Group:
- 10x Factory.
- Jeff Walker's Platinum Plus.
- "Scaling Up" CEO Bootcamp.
- Organized Brilliance.
What are some of the questions to ask in a mastermind group?
One of the multiple benefits of a selective mastermind group is that you and the other members will be facing or will have faced many of the same issues. Here are a few examples of questions you can ask:
- How do I properly delegate work?
- How do I optimize my financial reporting so it tells me what I need to know?
- What software should I use for client management?
- How do I take my company to the next level?
- How do I hire and retain the best employees?
What are the typical mastermind group activities?
Your mastermind group activities will be governed by the type of mastermind you join. Mastermind groups can range from intensive day-long seminars with strict agendas that provide limited access to the top minds in your industry to online groups that offer an ongoing conversation about the issues that affect business at the level you've achieved. Activities could include lectures from business leaders to free-form Q&As during which you can ask whatever questions you need.
Find a Mastermind Group:
- Brendan Burchard Mastermind.
- Carlton Coaching's Platinum Mastermind Group.
- 10x Factory.
- Joe Polish's Genius Network.
- 10x Ambition Program.
How do I find an ecommerce mastermind group?
There are a number of mastermind groups specifically created for ecommerce businesses. That said, as ecommerce demands specific skills and strategies, you'll want to research the available masterminds prior to joining. You need to speak to other ecommerce business owners to get the most benefit, so be sure to take the time to find the mastermind group that best suits your business.
How do I find a mastermind group in my area?
If you're looking for an in-person mastermind group, it should be as simple as searching for "mastermind group (city or area name)". Here are some region-specific mastermind groups to get you started:
- Entrepreneur Mastermind Meetup Group of South Florida.
- Original Philadelphia Entrepreneur & Business Meetup.
- Atlanta Masterminds.
- Houston Millionaire Mind Meetup.
- San Diego Success Club.
- Seattle Profit Pilots Amazon/Ecommerce Mastermind Group.
- Masterpiece Business and Life in Portland, OR.
- COS Masterminds in Colorado Springs, CO.
How do I find a mastermind group for small business?
First you'll have to make sure your definition of "small business" is the same as the group's. Some high-profile groups have a minimum level of entry, such as an annual net profit of $500,000. That expectation could vary wildly from your reality. But keep in mind that if you don't find a mastermind that fits your business, there's nothing to stop you from creating a mastermind group of your own.
A mastermind group can provide advice and support from some of the best minds in business. Depending on how much you're able to spend, you could find yourself face-to-face with today's top CEOs, Marketing Directors, Recruiters, and more. You can also find what you need with smaller regional and business-specific or online masterminds. These groups have a long history of success, so do your research, find the right mastermind group, and take your business to the next level.