If you’ve been part of a mastermind before, then you KNOW how the consistency, accountability, creativity, and community fosters growth and productivity in your business.
But have you ever considered leading one?
Leading a mastermind is an empowering and exciting opportunity that allows you to share your knowledge and experiences with others. You get to set the tone for your community, decide what you’ll teach, and sharpen your communication and leadership skills while having a ton of fun in the process!
But before we dive into leading a mastermind, what exactly is it?
A mastermind is a beautiful blend of accountability, creativity, problem-solving, education, and inspiration. It’s a small, intimate group of people who come together regularly to level up their strengths and excel.
This intentional business strategy focuses on networking and cooperation, and when done correctly, can radically change the way each member approaches their business.
But there are some common misconceptions surrounding masterminds, so here’s a quick rundown of what they are not:
- A mastermind is not a public forum.
- It’s not a Facebook group of people who kind of know each other.
- And it’s not a group of friends who gather together, with no plans to get serious and level up their businesses.
Masterminds are created to be havens of growth and transparency.
These strategically assembled groups are safe places to ask questions, give and receive constructive feedback, and make mistakes. But it’s also a place where authentic community develops and thrives, especially if you have an amazing expert leading the way!
Who Benefits From Joining One?
A mastermind is a calculated business strategy designed to bring people together. It is an intimate space where people can learn from others and make the connections they need to become better leaders, better employees, and better people. Joining a mastermind might be your next right step if:
- You could benefit from creating deep and lasting relationships with other people.
- You want to step out of your comfort zone and challenge yourself.
- You have goals and plans, but you need someone to hold you accountable.
- You want to expand your skills and hear honest and constructive feedback on how you could get better.
- You want to expand your network and discover new contacts.
- You’re self-motivated and ready to have a lot of fun!
How Do I Start a Mastermind?
You don’t have to know everything in your field to lead a successful mastermind. You don’t have to have all the answers. You just need to be open-minded, flexible, patient, and willing to learn as you go.
If you’ve participated in a mastermind before, you know the success of it depends significantly on the leader. Maybe you’ve been part of one where the leader was under-prepared or non-committal, and it wasn’t helpful. Or maybe you were part of one where the leader was passionate and enthusiastic, and created a space of encouragement and empowerment. Their dedication and excitement was contagious and resulted in an active process where everyone benefited. The leader’s attitude and actions set the foundation for the entire process.
By starting your own mastermind, you get to decide what kind of leader you want to be!
ProTip: A successful mastermind will benefit all of the members and the leader.
It will be an opportunity for growth for everyone involved. While your members will be looking to you for direction and will be eager to gain insight from you, you will also learn a lot from this unique leadership experience.
Here’s a quick look at how it will impact both you and your group.
The power of community
As the leader, you will experience first hand the power of community. Incredible things happen when people collaborate. The encouragement, empowerment, feedback, momentum, and support that occurs within an intentional community can dramatically change the way you lead and interact with your own personal and professional circles.
The power of self-reflection
Being the leader will quickly reveal your strengths and your weaknesses. You will quickly learn the things you are naturally good at and the areas where you need improvement.
While this can sometimes be an uncomfortable experience, view it as an opportunity for growth! Leading a mastermind will help you reflect on your leadership skills and help you identify areas of your leadership style that can be improved.
The power of stepping out of your comfort zone
Being brave doesn’t mean you’re not afraid – it means you’re afraid, and you do it anyway! Once you lead one, you’ll see the power of stepping out of your comfort zone.
Doing something new and challenging will develop skills in you that you never knew you needed, and help you face new challenges with confidence. Stepping into a leadership role for the first time will also inspire others to take steps out of their comfort zones too!
Your courage to do something new will have a ripple effect on the people who look up to you.
The power of taking action
As Tony Robbins says, “Contrary to popular wisdom, knowledge is not power – it’s potential power. Knowledge is not mastery. Execution is mastery. Execution will trump knowledge every day of the week.”
This is one of the main reasons leading a mastermind can be so powerful. It is a physical action step. It is encouraging people to come together, share their knowledge, and then go out and take action.
As a leader, you can encourage people to take what they’ve learned and bring it out into the world, and take the first (sometimes scary) step toward their goals.
Leading A Successful Mastermind
Here are some housekeeping items to consider as you develop your group.
Decide on the size
The key to a successful mastermind is intimacy. It’s important to select a unique group of people that can challenge and support each other. A group that is too small may lack the interaction and the energy that you are looking for. One that is too big may make people feel lost or unseen.
Decide on the size before you start inviting people to join.
Stand firm with this number and don’t feel pressured to expand if you think it could jeopardize the authenticity and transparency with the group.
Create an intentional environment
A mastermind must have a focus. If there is no goal, it turns into a group of people meeting and talking without any direction. Before you start your group, decide on a clear intention.
- What do you want people to get from this?
- Do you want to foster mentorship and networking?
- Do you want to create a space where people can share their ideas and receive honest and constructive feedback?
Your intention should include your expectations for how each member should treat each other and what you hope they can get out of the process. Don’t skip this step. Write it down and share it with your members, so everyone has a clear understanding of the vision.
Vet your members carefully
People join a mastermind because they want to be part of something exclusive. The people you choose don’t have to be from the same industry or in the same stage of life; in fact, diversity can significantly enhance the mastermind experience. However, the people you choose should be committed to personal and professional development. They should be reliable and available to attend meetings, and be open to communication and sharing of ideas across the board.
We encourage you to bring people together who are focused on growing their businesses and building relationships with other people.
Set a schedule
One of the most important parts about leading a successful mastermind is offering consistency. If you have already decided on who will be part of yours, ask which days and times would work for the majority. Once you’ve decided on a set day and time, stick to it. While emergencies happen, it is important as the leader to set the expectation that attendance is essential for success.
Setting a schedule also includes setting a start and end date. Most masterminds last between 6-12 months. You can meet once a week or once or twice a month – it’s up to you!
ProTip: Zoom is a great option for hosting.
Create High Expectations
The tone depends on the expectations that you set. If you are creating a laid back and comfortable space where people can come together to share ideas casually, make this clear at the start.
If your goal is to run a more formal group, define your expectations for participation, attendance, confidentiality, accountability, and communication. Let the members know these expectations before they join, so they have a clear idea of what they are signing up for.
Next Steps in Starting Your Mastermind
Facilitating a mastermind will strengthen your leadership skills and help you connect with other professionals who are serious about growth. If you’re curious about starting one or have questions, then we’d love to chat.