Hey, Gorgeous! Today we’re talking about finding an awesome mastermind and why you really do need one as a success tactic. It really can be hard to find a good mastermind, especially one that’s going to drive you forward in your business. But, out of all the personal development that I’ve done – countless seminars, books and working with coaches – one of the most useful and productive things I’ve ever done is to create success masterminds with like-minded people.
Think of a mastermind like a success dream team that are going to help you get where you want to get faster.
Let’s talk about how you can make it happen.
Listen below or download here.
In my opinion, nothing can derail your ambition and energy faster than being surrounded by the wrong people in business. I’m talking about naysayers, the people who constantly complain. Or maybe for you it’s feeling like you’re the only one in your life with big dreams.
When I was frustrated and hating my job, most of my friends were also frustrated employees who hated their jobs. Like attracts like. However, because that’s all I could see, I couldn’t even conceive of people who actually made a decent income working for themselves. It wasn’t until I actively sought out other entrepreneurs to be friends with that I started to even believe it was possible for me as well.
Now the majority of my friends are self-employed, which is really cool and I rarely hang out with people who bitch about bosses, meetings or any of that stuff. We all talk about creativity, marketing, strategy, et cetera. I also started deliberately making the switch by creating my own masterminds. The reason why is because it’s harder to do things like this by yourself. You really do need a support network of people around you who are achieving awesome things.
I’ll be honest. It also sets up a little healthy, fun competition. Especially if you have the right mix of people. If you’re one of those people who are a little bit competitive, it can be a great way to have a mastermind for some healthy competition.
Let’s talk about the types of masterminds you can do.
Not every mastermind has to be formal and fancy. It can be a lose collection of people striving for the same goal or you can do a specific arrangement facilitated by a leader. You can pay for masterminds or they can be totally free. You don’t need a boardroom to mastermind, you can do it over the phone, Skype, in person or on Facebook. I’ve even had mastermind meetings in resort spas, which is actually probably my favorite way.
You can do long term masterminds or come together for special events to debrief and talk about actions. For example, one weekend I went to a Hay House Conference with two other friends. We did the conference and then, at night, we came together in the hotel room and talked about our goals.
I don’t know about you, but I have felt really lonely as an entrepreneur and also as someone who is really interested in personal development. Now I’ve got lots of different groups where I can share my passions.
I actually like having multiple masterminds, depending on what I need at the time. It’s just how I roll.
Here are some of the masterminds that I’ve been in in the last couple of years.
I’ve been in formal masterminds that last six months with a small group of people and facilitated by a coach. I’ve had semi-formal ones. I used to have a mastermind with people that I worked with as a consultant because we had side projects and we wanted to come together and talk about it.
I also do monthly lunches with other entrepreneurs. We might come together at a fancy hotel, have a very lose agenda and we bring challenges to the group. I also like to use Facebook as a masterminding tool. Maybe you have groups of entrepreneurs who help each other. It’s great if they’re from all over the world because then it’s 24/7 support.
I also have a mastermind with a person where we’re doing a course together. We speak weekly, keep each other on track and go through the assignments together.
Then I’ve got a few entrepreneurial friends where we Skype with each other maybe once a week. We psyche each other up or talk through problems. I believe that as entrepreneurs, we need an enormous amount of support and community to create big dreams.
Let’s talk about some of the keys that I think make a successful mastermind.
The biggest one: matched energy. You don’t always have to be in a mastermind with people with the exact same income goals. But the mindset and energy really needs to match. Otherwise, some people will get bored if other people aren’t hustling as hard or maybe they just don’t have the same kind of goals to grow dramatically. Everyone needs to feel like they’re getting something out of it.
I’ve been in masterminds where I was really super energetic and really ambitious and I really like to move quickly on achieving goals. But then I had other people who are a bit more considered in their energy. They wanted to pursue longer term plans. There’s no right or wrong there, but it when the energy does not match it can be frustrating for everyone.
Next up is commitment. Back when I couldn’t afford to work with a coach, I formed a mastermind with two of my friends from work. We all had massive big goals for our life. We called it Fight Club because, for obvious reasons, we couldn’t talk about it at work and it was kind of a secret.
For nine months, we met every single week to keep each other accountable on our goals. We brainstormed ideas for each other, we supported each other through breakdowns and we celebrated every win. That was free. It was a big commitment to meet for nine months, but that’s how we set it up from the beginning. It doesn’t always have to be formal and you don’t always have to pay.
Be very clear on what kind of commitment everybody agrees to in the beginning. It’s up to you what those rules are. You have to come to all sessions or it’s in or out. Whatever you decide.
The next thing to consider is about your personality. Do you like to collaborate with people? Do you like to make business decisions with other people?
Personally, I’m a bit hands off. Some people might like really strong structure with formal rules and all that kind of stuff. Or you just might like a lose mastermind.
I’ve even heard of really great ones where everyone brings a challenge to the group for a week, rates it out of 10 and then the group works on the most urgent problem. That could be cool too, as long as it all kind of evens out in the end.
Really, the most important thing is about having the right people in your mastermind. I don’t recommend going into an accountability relationship with someone like your partner, your husband, your parent, your sibling or even your best friend. That’s why it’s so important to have outside masterminds. Those people might be way too close to the situation and even might have an unconscious vested interest in you remaining the same or keeping your money blocks because it might affect them or your relationship.
These people don’t have to be in the same industry as you. But it has to be people who can kick your butt, understand your goals and have similar energy to you.
A mastermind is an investment in yourself – time, money and maybe both. It’s worth setting it up properly from the beginning. What if you’re in a mastermind right now and it’s not working out? Guess what? You can end it. You can bow out. You can invite new people in. You can try something different. Like with anything, there aren’t any rules. You can totally create it in the best way for you.
Here are some ideas on how you can get started with your mastermind.
First up, decide what kind of mastermind you want; the kind of people, how it looks, is it lose, is it formal? Then, set a really strong intention to find the people or group for you. Ask around to see if people you know have any recommendations for you. Be open to ideas. Maybe you can find a mentor you admire and ask them if they’ve got a mastermind and be willing to pay for it. For example, my Lucky Bitch Money Bootcamp is a great mastermind.
You can even set one up yourself. You can ask like-minded people if they’re interested in creating one with you and just create a Facebook group. Easy. Sometimes you might have to put yourself out there a little bit. Maybe even stalk people and make an introduction. It’s like making friends as a kid.
Here’s my challenge for you this week:
Go out and find somebody.
Find somebody who you resonate with and ask them out on a little entrepreneurial Skype date and see where that takes you. That might be a first step in creating an amazing mastermind.
If you need some manifesting help to find your perfect mastermind, I’ve got a free manifesting formula course that goes through that exact process I use – whether I’m manifesting new friends, clients or more money. Go through it with your mastermind goals in mind and soon you’ll be swimming in new biz buddies.
You can download that free manifesting cheat sheet at LuckyBitch.com/formula.
My last word: Masterminds have been brilliant for me and I know that they will be for you as well. If you need help manifesting it, go to LuckyBitch.com/formula and I’ll help you go through the steps to get there.
Alright, Gorgeous. Go out and find that amazing mastermind for you. It’s your time and you’re ready for the next step.
Did you miss last week’s video? Check it out here: What Profession Has The Biggest Money Blocks?