17 Benefits of Joining a MasterMind Group

Create deep and lasting connections with incredible people


The life of an entrepreneur can feel lonely at times. Sharing your dreams, aspirations and challenges with a group of like-minded individuals makes it a lot less lonely! You will naturally raise your game as you spend more time in the company of other business folks who are there to help you optimize your potential.

You will be challenged

 


A Mastermind Group will challenge you to grow your business to its fullest potential. In day-to-day business activity it is easy to get side tracked. Your MasterMind group can keep you on track. 

You gain peer accountability

  


At the end of each meeting you will have an action plan which the Group will hold you to account for. It takes real discipline to succeed in any endeavor. Being held to account by your mastermind colleagues ensures you maintain the disciplined behavior necessary to succeed in your business.


Like Having Your Own Personal Board of Directors

You learn through brainstorming

Share your ideas and alternatives within your MasterMind Group. If you are not sure what to do next, what direction to go in, the collective power of the Mastermind will kick in and get you back on track! Your brainstorming activity in helping other members of the group will also stimulate your creative juices to your own benefit. 

Receive tons of feedback

Receive feedback from successful individuals on how to solve business issues. Perhaps you have staff issues or financial challenges. Let the MasterMind help you resolve them. 


You can bring any issue to the meeting. Not just problems with staff, equipment, suppliers, facilities, or customers, but bring your new ideas products, markets, advertising, strategies, or business ideas.


You have a support staff

Perhaps you have a difficult employee or a legal problem. The chances are your Mastermind colleagues have experienced the same or a similar issue. You will never be short of alternative suggestions on how to overcome issues, including potential source and suppliers. 

You will get warm referrals

You will get warm referrals

This is not another referral or networking group. However, it is only natural that when you come to know another business deeply, and grow to trust the group members, that you will be in a great position to recommend their products or services to others.  

Improve decision making skills

You will be making better decisions with confidence! It is easy to put off a decision, but with a MasterMind Group you have your own due-diligence team to give you the confidence you need when making an important decision.

Increased Confidence

Better decision making means greater confidence. Having support at your fingertips improves confidence. Greater confidence spreads through your organization and inspires everyone to perform better.  

So Many Benefit to MasterMind Participation

You will be more creative

Brainstorming is one of the most effective productivity tools in business. You will learn effective brainstorming techniques and get plenty of practice in how to brainstorm. The meetings will provide launching pads for new ideas for your personal and business life. 

You will enjoy increased profits

Are you leaving money (profits) on the table. MasterMInd groups help you take full advantage of the opportunities that surround you. This could result in more sales, reduced overhead, better margins, or improved efficiencies. We can’t guarantee that your MasterMind group participation will result in increased profits. We can guarantee that you will have the ideas, tools, and support to do so. 

Build new partnerships

You may find someone in the group that is a perfect fit to work on a project with you. Or, you may be the perfect person to help another member as well. Maybe you'll do joint events or cross promotions. Even start new businesses. The group works together collaboratively, to achieve more together. 

You will think BIGGER

You will think bigger

You can’t help but think bigger and stretch beyond your boundaries when surrounded by amazing people doing amazing things. Fellow MasterMind members will help you to see the potential you are missing. 

You will expand your skills

Everyone in a Mastermind group is unique in skill, experience and connections. Everyone is expert at something and as you interact with each other you will be picking up new skills and talents.

Benefit through helping others

It was Zig Ziglar who said: “You can have everything in life you want, if you will just help enough other people get what they want.” You will get great satisfaction from helping other business owners in their businesses. 

What Is a Hot Seat and Why Do You Want to Sit on It?

Hot seats

The principle of a Hot Seat is that you get a chance to present your biggest challenges and issues in your business and personal life right now. For starters this helps you gain clarity on the issue you are facing and what you need help on. The Group will provide you with a series of options and opportunities to follow up. Maybe most importantly, the group is trained to be honest and DIRECT.  

New Business Ideas

 The idea to start this new Mastermind Group came as a result of being in a MasterMind group. You may add new product lines, open up new lines of distribution, find new ways to sell your products and services, dramatically improve communications with employees, suppliers, and customers, and s much more. 

George Bernard Shaw said:

“If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.”

Who Should Join a MasterMind Group

People Who Want to Grow

By far the most important criteria for selection into a MasterMind group is the desire to grow professionally and/or personally. If that doesn't describe you, don't apply.

People Who Want to Help Others

We are looking for skilled, experienced and/or educated individuals who are willing to carefully listen to the needs of others and then speak candidly and wisely about solutions or options. This way each member has an amazing board of directors helping run the business.

People Who are Committed to the Group

We meet for four hours once per month. We need those who will make the commitment to be in attendance barring extreme circumstances. There is a cost of $200 per month, creating a financial commitment. Finally, everyone's success depends on each member's 110% investment in the group.

Who are the facilitators of the MasterMind Group?

Here are some characteristics you should want in a MasterMind Group facilitator:

  •   Has a vision for the group
  •   Is a great listener 
  •   Is an expert at brainstorming
  •   Knows how to manage the   conversation  
  •   Great at asking useful questions
  •   Willing to challenge the group and each member
  •   Willing to hold members accountable
  •   Connect with people
  •   Create an environment where each member feels welcome to share openly and honestly

Facilitator: Craig Korotko - Business Coach with Focal Point

  

The Group will have two facilitators, each with completely different sets of experience, skills, personality, and talent. 

Craig Korotko has a huge background as a C suite executive dealing with information systems and managing others for over 30 years and has been trained in the Brian Tracy coaching system. 

For more on Craig, visit his Linkedin @

https://www.linkedin.com/in/craigkorotko/

Facilitatior: Randy Kirk - Business Consultant with Evergreen Small BUsiness Consulting

Randy Kirk is a serial entrepreneur, business book author, and has 20 years of experience facilitating small groups. 

In 2007, Randy sold his 28-year old plastics manufacturing business and began consulting with small businesses. In those 10 years, he has helped 160 companies increase sales and/or profits. For more on Randy Kirk, visit his Linkedin https://en.wikipedia.org/wiki/Randy_Kirk