The Ins and Outs of Mastermind Groups

By Lane' Richards, Something Borrowed

You’ve probably heard of a Mastermind Group but aren’t exactly sure what all the hype is about. We all know as wedding professionals that your time, energy and resources are very limited. You don’t want to join yet another program that may not produce the results you were hoping for. Let's take a closer look at Masterminds and see how they can be of value to the growth of your wedding business.

 What is a Mastermind?

A Mastermind Group is peer-to-peer mentoring with a mixture of brainstorming, education and accountability. They are a way to accelerate the success of your business as you focus on your most important issues.

They are a concept first introduced in the early 1900’s by Napoleon Hill via his book, “The Law to Success.” They are new to most people, but have gained popularity over the past couple of years. Masterminds are a great way to get motivated and to make better business decisions and cost much less than working one on one with a business coach.

Is a Mastermind Group for You?

Masterminds are not for everyone. They can be intense and you must be open to both sharing and exploring new ideas with others. They’re ideal if you’re passionate about your business and want to not only reach but exceed your goals. You have to be willing to be an active participant to reap the full benefits. Each group member relies on your expertise to help guide them through an issue, so it’s not a place to be a bystander or sit quietly in the corner. What you put into it is what you’ll get out of it, so it’s important to not only show up, but be fully present.

What to Expect

Meeting consistency. Mastermind Groups meet once or twice a month at a set date and time, taking the guesswork out of finding a good time for the entire group.

Virtual collaboration. Since most Masterminds meet virtually, you are not tied to finding a group in your geographic location, opening the doors for you to be part of a group that fits with your niche, expertise and time constraints.

Small groups. Space is usually limited to up to 6-8 people which allows each person enough time on the Mastermind calls. A smaller group also means stronger connections.

Simple meeting structure. Mastermind Groups have standard format for each meeting. To get warmed up, they may open with a celebration or win from the previous meeting. Then, each participant has time in the “hot seat” to share the problem or challenge they are facing. All group members then take turns sharing ideas they have for the hot seat member. To close the meeting out, each member takes turns sharing one thing they’d like to be held accountable for.

When you take part in a Mastermind Group, you’ll start to see a shift in your confidence and what you accomplish. You’ll have breakthrough moments and a greater sense of clarity as you work through obstacles that may be holding you back. A coach and peers will guide you as you tackle challenges and solve problems together. Best of all, you’ll have fun participating in one!

 Lane’ Richards is the multidisciplinary entrepreneur and creative genius behind Something Borrowed Portland. In 2017 Lane’ started Wedding Pro Coaching; offering mastermind business coaching and educational programs to independent creatives looking to navigate - and succeed - in the crowded wedding industry.


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