The biggest obstacle to business success is not lack of a great idea, but poor execution.
New entrepreneurs, lacking expertise or perspective, often struggle alone with starting or growing their business.
It doesn’t have to be this way!
In my latest podcast (30 minutes – listen here), seasoned business coach and long-time small business expert Karyn Greenstreet describes the power of mastermind groups, which are small groups of 6-8 people with similar values and interests who help each other set and achieve really big goals.
Karyn attributes much of her current business success to her mastermind group, which she has been meeting with for 90 minutes each month for the past eight years.
In this 30-minute interview, Karyn explains:
- What a mastermind group is, and isn’t
- Why they are critically important for entrepreneurs
- Who to select for your own group
- How to get a group started
- Where to go for more information
She has a free e-book which you can download at her site specializing in mastermind groups, www.thesuccessalliance.com
Her advice is to learn about masterminds by starting your own. I plan to do so myself to get 2010 to a great start!
P.S. I gush about Karyn quite a bit in this interview, and that is because A) I have been getting solid, practical free content from her for years and B) many of my clients and blog readers tell me how great she is. Marketing lesson: When you share great information freely and serve your clients well, business and partnerships come to you.
Have you ever considered using some technology to get the most from Mastermind groups? Have a look at http://noomii.com
Plenty of great free resources to ensure that your group achieves its full potential.
Think and Grow Rich! Great book. That’s how I first learned about mastermind groups.
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Mastermind groups rock! I have found they have worked the best when I host them in my home and buy snacks for everyone – 6 to 8 is perfect like you said. I also found that when I did mastermind groups on the net doing them by email was more of an accountability system than masterminding… still valuable just different.
My complaint was that I kept running into mastermind groups that were thinly vieled mlm’s. I am not sure that is what Napoleon Hill had in mind in the Mastermind group chapter in the 1933 book that first coined the idea.
.-= Tom Bailey´s last blog ..Richard Branson =-.
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[…] Smash your goals with a mastermind group […]
I don’t participate in or host a full on mastermind group but I have a list of 2-3 people that I check in with regularly. We make a list of each others’ goals for the week/month and we hold one another accountable to making progress on each of those goals. I can’t begin to tell you how helpful all of this really is!
It’s great for both brainstorming and creation of new ideas and it’s also great for accountability.
.-= Ricardo Bueno´s last blog ..7 Online Networking Mistakes to Avoid =-.
I like the concept of the mastermind group. Even setting aside the sharing of wisdom and input, just the act of involving others in your own projects can make a big difference. Makes you much more likely to stick to something.
Thanks for sharing…
.-= Mark C. Webster´s last blog ..The Most Important Skill Every Entrepreneur Needs to Master =-.