Mastermind Your Way to Success

What do Mark Victor Hansen, Robert Allen, Anthony Robbins, Andrew Carnegie, Henry Ford, Thomas Edison and Ben Franklin have in common?

They all leverage the power of the mastermind team.

The mastermind works on the concept that two (or more) heads are better than one. When you gather a group of like-minded people and focus on one particular problem, a funny thing happens. Not only do you get intelligent feedback on blind spots you may not have noticed. But a truly phenomenal thing also happens with a mastermind group - the psychic aspect.

"The human mind is a form of energy, a part of it being spiritual in nature. When the minds of two people are coordinated in a SPIRIT OF HARMONY, the spiritual units of energy of each mind form an affinity, which constitutes the 'psychic' phase of the Master Mind." Excerpted from Think and Grow Rich

See, when a group is united in the same purpose, the number of ideas in the room balloon off of other people's ideas. I witnessed this personally last month at a networking meeting lead by Jim Bunch of Six Figure Practice. In groups of 6-8 we brainstormed how to raise $10,000 in three days. The ideas were mind boggling. As we got more and more excited, our ideas became more and more bold. One group said they weren't stopping at $10,000. They wanted to raise $1,000,000!

So how do you harness this kind of power for yourself? Masterminds are rather subjective in that you must do what works for YOU and your lifestyle ultimately. I have been in my mastermind for a year now and I couldn't be happier. My business has hit an all -time high. And I credit the habit of masterminding with the lion's share of my success. Here are some of the qualities that work for us.

  • Keep the number small. My group is 4 people but we could comfortably increase to as many as 6.

  • Meet regularly. We meet by phone once a week to go over successes and challenges. Plus we put one person on the hot seat for special focus. Then we also meet in person for an all day retreat a minimum of 3-4 times a year.

  • Don't make anybody wrong. There is no such thing as a bad idea.

  • As soon as you begin attacking the creativity of the mastermind, the ideas will shrivel up. Keep the brainstorm going and you'll be astounded at the new levels of insight you reach.

  • Treat each meeting as if you paid $100,000 a year to be a member. A mastermind meeting isn't a coffee klatch. The only way it can truly be effective is if everyone takes it seriously and shows up ready to focus.

  • Hold one another accountable. Got a goal? When do you expect to have that done by? Your mastermind team wants to know. There is great power in verbalizing your intention.

Make a wish list of people you would like to be in your mastermind. Write out the qualities you would like to see in the ideal candidates. Be specific.

A word of caution - be very picky about whom you choose to make this commitment with. You will likely be together for a long time. Make it a goal for this year to be a part of a mastermind team.

International copywriting trainer, author and speaker, Lorrie Morgan-Ferrero has been a freelance writer and journalist for over 25 years. Her words have made her clients hundreds of thousands of dollars. Now she focuses her vast experience on teaching others the skill of copywriting. Lorrie is the author of an award winning copywriting course, creator of the Red Hot Copywriting Bootcamp and founder of Copy Campus, a unique membership resource site designed to support copywriters and entrepreneurs on all levels. Visit her site to learn more at http://www.red-hot-copy.com.

In The News:

pen paper and inkwell


cat break through


A Unique Joint Venture Twist: Make Huge Profits Even If You Have No Money, No Products, and No List

Would you like to jumpstart your online or offline business... Read More

The Top Five Reasons Strategic Plans Fail

"Most great plans aren't. They are just nice, high-level ideas."That's... Read More

Sales Planning and Business Plans

Writing a business plan can be tricky when all the... Read More

Business Disaster? Wont Happen to Me

As fast as you can say business disaster, your business... Read More

Online Promotion: 10 Ways To Use Focus Groups To Ignite Your Profits

A focus group is a group of employees or current... Read More

Benefiting from Strategic Thinking

I recently took an organizational behavior class where my professor... Read More

Scheduling of Additional Auto Detailing or Mobile Car Wash Units

If you own a mobile car wash business or auto... Read More

Writing Your Business Plan is Actually Storytelling

Storytelling and writing a business plan actually go hand in... Read More

Getting Started with Succession Planning: Part II

Succession planning requires the owner of a small or medium-sized... Read More

Who is Responsible?

While writing an article recently on effective ways to bridge... Read More

In Business Planning, Competition is Good

When developing the competition section of your business plan, companies... Read More

Is Plan B Ready?

Business owners and entrepreneurs are, by nature, risk takers and... Read More

Abstract thought on Business Strategy and Nature

Here is an abstract thought on studying nature and the... Read More

The Power of Planning

I am surprised how few sales professionals, independent consultants, and... Read More

How To Prepare A Business Plan That Guarantees Big Profits

It is always said "If you Fail to Plan, you... Read More

What Every Service Provider Ought To Know About Writing A Business Plan

It's easy to lose sight of what needs to be... Read More

Will and Vision

Remember Chux? The disposable diaper that took the market by... Read More

Completing the Annual Planning Process

Imagine an office without a desk, or lights, a computer,... Read More

Getting Started with Succession Planning: Part I

GETTING STARTED WITH SUCCESSION PLANNING: PART IA survey of 4,300... Read More

Are You Aware of Planning in Business?

Human beings are rational agents. Rationality endorses one to take... Read More

ERP Role in Selling Your Mid-size Business ? Microsoft Great Plains and CRM Example

If you own the mid-size business and actively work in... Read More

Resilience

I. INTRODUCTIONThe term resilience, which is of frequent use in... Read More

Menu Driven Business Planning

A menu is the foundation of any restaurant; Guests will... Read More

How to Write a Business Plan in Five Steps

People often ask "What makes a good business plan? Or,... Read More

How to Snuff Out the Competition Without Leaving a Mark

Does the competition drive you crazy?Are they relentless about taking... Read More

The 7 Critical Steps to Formulating Your Annual Strategic Business Plan

Businesses tend to avoid doing their annual business plan thinking... Read More

Business Plan Long Term Goals

Writing a business plan is not an easy endeavor, nor... Read More

The Power of Strategic Thinking: Creating Meaningful Success

Too much goal setting and strategic planning can leave you... Read More

Strategic Acquisition Strategies for Small Businesses

Growth through acquisition should not be considered an option reserved... Read More

Succession Planning: Problems Getting Started

A survey released by the American Institute of Certified Public... Read More

19 Questions to Supercharge Your Business Plan

Whether you are seeking capital for your company or are... Read More

Buying Used Detailing Equipment and Rainy Day Services

Mobile auto detailing equipment becomes very inexpensive around March each... Read More

More Uses for Your Business Plan

You have invested a lot of time and energy on... Read More