You’re probably creative, full of great ideas and initiative, and can see a new project as a complete picture. You have good intentions, know how to communicate effectively, and even have access to the people and resources you need to make things happen.
Maybe your issue is not that you lack in this department.
Instead, maybe it’s a lack of motivation or self-discipline to keep something going. For many of us, there is no shortage of great ideas and potential, but once the newness of a new project or task wears off, we find ourselves struggling to keep the momentum going.
How do we take the excitement and the drive that we feel at the beginning of a project and spread it out until the finish line?
If you started a mastermind business before and it fizzled out, it’s probably not due to a lack of passion or excitement. It’s probably due to a lack of momentum. It’s because there are things you are doing (or not doing) that impact the forward movement and progression of your idea.
You’re not alone in this. This happens to almost everyone. Unless you are equipped with the tools and resources to focus on the momentum of your business intentionally, things will begin to slow down. And when they do, the natural reaction is to worry, retreat, and succumb to the negative self-talk that this was never a good idea in the first place.
It’s time to change that. Whether you’re thinking about starting a mastermind business or you’re right in the middle of one, it’s important to shift your focus to building momentum. What little things can you do every day to take one step forward? Alternatively, what are some things you need to stop doing so that you can regain momentum and focus on moving forward?
Here are a few ideas:
Find a Mentor
Accountability can be a strong influencer for momentum. Finding a mentor who has already accomplished what you’re aiming for can help build momentum. Being in regular communication with someone with more experience than you can help you create and stick to a plan for growth.
A mentor can recognize the signs that you’re slowing down and help encourage you to keep pressing forward, even when it’s tough.
Practice 80/20 production vs. consumption.
To move forward, you must produce more than you consume. In the beginning stages of your business, you will probably be hungry for knowledge and information about how to move forward. There should be a specific phase of your process dedicated to data collection. But then you have to take action. You have to do something with that knowledge. To build momentum in your mastermind, you have to practice the 80/20 rule.
This means you have to be relentless when it comes to content creation. 80% of your focus should be on taking action, 20% should be on consuming information about how to take such action. Sometimes we get stuck in the information gathering stage because it’s safe.
To build momentum, you need to act more and consume less.
Spend as much time as you need learning how to lead a mastermind, but no more than you have to – and then go do something! Action is how momentum builds.
Become a time management pro
Building momentum in your mastermind business is about time management. But this isn’t just about planning your day. It’s about being intentional about how much time you spend on each thing. Building momentum in your mastermind is about understanding what works and what doesn’t. It’s about streaming specific processes and delegating others.
When you have a firm understanding of where you’re spending most of your time, you can shift your time and focus on the things that actively move your business forward.
Develop and grow by 1% each day
Some entrepreneurs and business leaders like to think of their growth and progress in percentages. If you’re a math person, it helps to think about growing in 5, 10, or 20% increments. But these numbers can be overwhelming and sometimes hard to quantify.
Instead, focus on how you can grow by 1% each day. You improve in all areas of your life 1% at a time. If you made 10 calls yesterday, can you make 11 today? If you ran a mile yesterday, can you run 2.02 today? Over time, small changes and decisions add up to big changes.
1% may feel like minimal progress, but it’s progress.
Try. And Then Try Again.
Too often, we try something, and when it fails, we move on to something else. While we may feel like we’re in problem-solving mode by continually jumping from one potential solution to the next, we may be slowing ourselves down.
If you’ve got a good idea for growing your mastermind, try it a few times. Don’t take your first “no” as a final answer.
Sometimes it takes a few times for an idea to stick, and once it sticks, it could be the one thing that gets your business growing.
Don’t be afraid to make mistakes. Mistakes are just proof that you’re trying.
Spend Three Hours A Day Investing In These Areas
Building a mastermind business involves managing multiple aspects of your personal and professional life, so they all work cohesively together. To grow your mastermind business, you must first focus on personal growth. Spend time each day, intentionally focusing on:
- Acquiring Knowledge. Read, listen to podcasts, attend seminars, and talk with your mentor to learn more about the industry.
- Health and Wellness. Walk, lift weights, go for a run, swim, go for a long bike ride, or do a high impact workout at home. Do something that gets your body moving. Be intentional about what you put in your body, limit junk, drink a lot of water, and give yourself the gift of nutrition and movement.
- Connection. The success of your mastermind business relies on who you know and how you interact with other people. Spend time each day reaching out to people in your industry, making new connections, and checking in on friends and family. Staying connected with people is key to building momentum in all areas of your life.
- Personal Development: Spend time each day working on yourself. Do something you love to do that brings you peace and enjoyment and challenges you to be a better version of yourself.
Take The First Step Toward Building Momentum In Your Mastermind Business
Maybe you’ve already successfully started a mastermind business. Perhaps you’ve led a few masterminds already but are looking to boost your performance and effectiveness.
We’d love to hear about where you are in your mastermind journey and help you build momentum to start seeing significant changes in your business. Click here to schedule a free strategy call today!