The Power Of A Mastermind Group: How to Start and Run a Successful Mastermind Group

What is a Mastermind? How to Start Your Own Mastermind Group

Coordination of knowledge and effort, in a spirit of harmony between two or more people, for the attainment of a definite purpose. ~ Napoleon Hill

Want to get more done in your business? Create a mastermind group.

Let’s face it. Being an entrepreneur can be overwhelming at times. You have to become a master in your field, provide the best client experience, create amazing products and services. You also have to market your business and keep the numbers in order, just to name a few.

The Power Of A Mastermind Group: How to Start and Run a Successful Mastermind Group

Your head can easily spin into overwhelm. You can find yourself not knowing what to do first on your long list of to-do’s, so you either procrastinate and do nothing at all, or with no focus, you jump around from project to project not really getting anything done.

And for those of you working from home, you can easily get sidetracked with the latest cute trick your dog has done, requiring an impromptu photo session which you then share on Twitter, Facebook and Instagram.

When the end of the day rolls around, you find yourself feeling down because you started out the day with all these great intentions of knocking your to-do list out of the ball park, but it just didn’t happen.

Let’s end this cycle today by creating a mastermind group. Associate with those who have been willing to pay the price of success.

It is one of the best ways to keep you on track with your goals, have added support when you need it and have access to different areas of expertise. A mastermind group can be two people or twenty people. It is totally up to you the size you want to create.

My mastermind partner and I created our group earlier this year. It’s just the two of us and it’s one of the best things I have done for my business. Even though our businesses are different, we run them very similar. We also have the same work ethic… very important.

When creating your mastermind group, it is very important to have structure.

Here are four great tips to you get started…

  1. Weekly Meetings

We schedule two weekly calls. A Monday kick-off call to get our week lined out and then a follow-up call on Thursday mornings to check-in on our progress.

Our calls typically last an hour, sometimes a little longer. Each person gets thirty minutes to share what their goals are for the week, ask for help where needed, and brainstorm or share knowledge to help each other out.

  1. Accountability

Throughout the week we will email or text to check-in on each other to make sure we are reaching our weekly goals and project deadlines. If one of us gets stuck on something, the other person is there to provide any help needed.

  1. Support

One of the best things about a mastermind group is the added support. It’s great to have someone that knows you, your business and the goals you’re trying to reach. When you’re having one of those days where nothing seems to be going right, you can just pick up the phone or send an email to get the help you need to get back on track. It’s a great feeling to always have someone have your back.

  1. Knowledge

You may have areas of expertise that other members could benefit from, while you could benefit from their knowledge. For example, my mastermind partner is a genius in online marketing, so I know I can ask her any questions on this topic and she’ll be able to help. I return the favor by sharing my areas of expertise with her. We also share resources when possible.

When you are part of a mastermind you feel like you’re part of a really caring community, no matter how big or small. Everyone wants to help each other succeed.

Masterminds are not just for business either. You also can create one to keep you on track with your health and fitness goals.

Julie Barnes is a women’s empowerment coach and mentor, founder of and the creator of programs like Finding Your Phoenix. Julie is passionate about helping women find their purpose after overcoming heartbreak and loss.