In this video, we are going to talk about how to run a successful business mastermind and I have a lot of experience. I have been a part of masterminds. I have also run a lot of masterminds. So, I am going to tell you some of the advice that I have learned over the years.
First of all, let me tell you the format that I use currently for my masterminds. We use what is called a rotating hot seat which means that in each session we focus on a different person’s business. So, in the early days, each person was allowed maybe 15 minutes to share. If you are not aware of what a mastermind is, let me just explain how my masterminds usually work. Typically, my masterminds have six people involved and that is was the way it was in the early days. Each person would get 15 minutes.
We meet every other week now. One of the things I found out about meeting every other week is that people forget which week they were to meet. They would think, “Oh, is our meeting this week or is it next week.” They do not get in the routine when it is every other week. So now, I have all of my meetings, all my mastermind meetings for one hour, once a week. That seems to be a good rhythm because you know every Wednesday at 12:00, we will have a mastermind. There is no question. There is no thinking is it this week or is it next week. There is no forgetting about it because you are not in the flow. So, that is the first part.
Now, I do the rotating hot seat so each one of those six people now gets a full hour, more or less, focused on (more…)