Why You Need A Mastermind Group

Published by Mike Michalowicz (Google+)

You NEED a mastermind, here is why..and how!

Another video by Mike Michalowicz, Author of The Toilet Paper Entrepreneur

Category: Branding, New Ideas, Skill Toolbox
Tags: , , , , .
  • Jaxi

    Perfect timing :) I was recently asked to join a Mastermind Group and my 1st call is with them tonight! I already know the power and value of them (years ago participated in one). I am excited for this group, as there are 2 members from Sydney – I think a global one is helpful as it really balances perspective, gives you insight into new areas, etc.

    • Mike Michalowicz

      Very cool, Jaxi. I love the international inclusion…. gives you better ideas, angles and insights!

  • http://www.greenblayza.com LLoyd

    Hey Mike!

    Great video on a great topic! I recently launched my website, but already want to launch another one. Call me crazy, but I just can’t let this new idea go.

    I want to go out this new site a bit differently. I’ve learned some things and unlike the last one, I want to take my time with this new idea. I’ve wanted to get into a mastermind group, but I don’t know exactly how to organize or find them. I’m new to online entrepreneurship so I’m looking for some pointers.

    Thanks for the great stuff on your site – extremely helpful and entertaining!

    • Mike Michalowicz

      I am gonna call you “crazy”. And for me, that is a compliment. Crazy is good. Crazy does new things. Crazy breaks the rules.

  • http://www.ConversationCounts.org Becca Niederkrom

    So true! This is of the key principles to success, no one seems to get to the top alone. Just like being an OS rep with a weekly call to discuss wins, strategy etc. I am now in search of my mastermind group for a weekly call =)

    Thanks!
    Becca

    • Mike Michalowicz

      Hey Becca – What is an OS rep?

  • Hurol

    Hey Mike,

    Thanks for the major tips. A question I hope you can answer is, “how frequent should a mastermind group meet, and should it be at a regularly scheduled time?” I ask that because I have a group of close friends that I’ve grown up with and we meet/”hang out” at a moments notice. That’s the closest I’ve ever come to a mastermind group and there’s nothing regularly scheduled about our get-togethers; at times we might not even feel up it.

    So, was the “friends hanging out” mindset ever an issue when it came to scheduling mastermind meetings?

    Thanx,
    Sam

    • Hurol

      WoW unintentional bolding, let’s try this again

      Hey Mike,

      Thanks for the major tips. A question I hope you can answer is, “how frequent should a mastermind group meet, and should it be at a regularly scheduled time?” I ask that because I have a group of close friends that I’ve grown up with and we meet/”hang out” at a moments notice. That’s the closest I’ve ever come to a mastermind group and there’s nothing regularly scheduled about our get-togethers; at times we might not even feel up it.

      So, was the “friends hanging out” mindset ever an issue when it came to scheduling mastermind meetings?

      Thanx,
      Sam

      • Mike Michalowicz

        Sam – My mastermind meets once a month. We schedule 5 hours for our meeting… starting at 2:30pm and ending around 7:30pm (sometimes sooner). We have snacks and water/soda, but no alcohol and no meals. The goal is to focus entirely on what is at hand. Each meeting we do a quick round of updates (each shares the best and worst in their personal life / business life) and then we go into a deep dive into one or two of the guys businesses and work together on helping that person. After the meeting we have an optional dinner, which everyone generally goes to unless they have a family scheduling conflict (lots of children playing sports) or similar.

  • Hurol

    Mike,

    Thanks for the Advice I mean, your perspective of a typical mastermind. I’d find it harder to make an excuse for not meeting once a month than it is to make an excuse for missing a weekly mastermind (not that I favor making excuses in the first place).

    I’m making steady progress in my entrepreneurial endeavors and I’m looking forward to that accelerated achievement that I “envision” once I’m apart of a mastermind group.

    This was a great post…Two thumbs up + “one FB recommend” + “one FB Like”

    • Mike Michalowicz

      Thanks Hurol. Tell me when you get your mastermind rolling!