So, a lot of people ask me, "What is it exactly that you do?"
Now, while marketing is my main job, I also own a mastermind group.
That seems to send them into a little state of confusion.
Let's explain just what a mastermind group is.
Hi, I'm Mike Mancini helping you market, simplify, and impact your business.
So, what is a mastermind group?
A mastermind group is a group of like-minded individuals that get together to solve problems,
to help each other out, to listen, to give ideas, so on and so forth.
There are several different definitions, however, the definition of a mastermind group tends
to differ from person to person.
For example, some people will call a mastermind group an accountability group, but in general,
a mastermind group is a group of entrepreneurs, CEOs, business owners that get together to
generally help each other out.
Now, I know some people may say, "Well, that's totally not the definition," but if you're
not getting something out of a mastermind group as well as giving something back, then
I truly believe you're in it for the wrong reasons.
Now, let me explain.
Some people will call a mastermind group an accountability group.
They're there to have somebody hold them accountable, just like a lot of weight loss companies.
So, for instance Weight Watchers, they have a program where you can actually go into their
office once a week, meet with a weight loss coach, weigh in, and have that accountability
partner.
And some people absolutely need that.
Now, as a business owner or entrepreneur, or maybe you work by yourself, maybe you work
out of your home like I do, it can be a very lonely job.
Not a lot of people to talk to, not a lot of people to interact on a day to day basis
with, and not a lot of people to hold you accountable.
So, when you are going to do a task, there's nobody behind you saying, "Hey, did you get
that task done yet?"
And sometimes it can get pushed by the wayside.
So, just sometimes having a group of people, using them as an accountability coach where
each and every week or two weeks or a month, whatever it might be, they can touch base
with you and say, "Hey, did you do that thing you were going to do?"
Sometimes that's all we need just to push ourselves, just that little bit more.
Sometimes a mastermind group can be about tactics.
Maybe you get together and once a month, you meet about tactics, what's working for who?
So, you might be meeting with other people who have the same types of businesses that
you do, and you can run different ideas by them.
"Hey, does anybody know how to do this?
Hey, has anybody had any experience with this?"
Now, why that's important is number one, it can save you from wasting a lot of money trying
something that maybe you shouldn't, or maybe you're not ready to.
Or maybe you could just find out some other ideas of better ways to do it from other people.
They can share their tactics with you.
And that can obviously be extremely helpful.
Third one, regular connection with people.
Because a lot of people work by themselves, just having that connection with other people,
other business owners.
If you've ever worked in a in an office space and then gone off and become an entrepreneur,
that is one of the things that I miss most is that regular interaction of working with
a team on a day to day basis, face to face.
And that regular connection might just be over a chat group, it might be weekly meetings
online, it might be bi-weekly, it might be just once a month, where you're grabbing coffee.
There are a lot of different mastermind groups that meet different ways.
Number five, a chance to get to learn from other business leaders.
So, a lot of people will watch old Steve Jobs videos and he will talk about different things
that he did to become successful, or Gary V.
Is obviously another big one, Tim Ferriss as well.
But in a mastermind group, you are once again, with like-minded individuals.
You might watch a Steve Jobs video, but probably when it gets down to it, you can't necessarily
relate to that because when he was dealing with business problems, they were on a much
more massive level.
He had a lot of people surrounding him to help out with those projects.
But as a small business owner, you're obviously talking about the same problems, but at a
much different level.
And it's great to talk to other individual business owners that are dealing with the
same problems that you are, or they already have, and know exactly how to fix it.
So, learning from them can save you a lot of time and money.
The next one, a confidential space.
These people are all there really for the same reason.
One might be there more for accountability, another one might be there a little bit more
for tactics or that might be more important to them, but you're all there to help grow
your business.
And having a group of people to communicate with in a confidential space, meaning they're
not there to steal your ideas, they're not there to grab the next best thing and go off
and do it.
They're there to offer some support, they're there to help you out, as well as you are
there for them.
Knowing that you have a group of people or even one or two members of that group that
you can turn to on a regular basis, sometimes if you just need an ear to speak to, because
maybe you've had a horrible day and you lost three clients.
Sometimes just having that confidential space, that comfortable space, or that group of people
to talk to can really help you out in just taking that next step, just to get by that
bad time or just to weather that.
Just to know that you're not the only one that's dealt with this, and guess what, it's
going to get better tomorrow.
Another one, a lot of people like to teach.
In our mastermind group, if somebody has a question that I actually know the answer to,
I love to speak up and help them out.
I'll have one-on-one conversations with them outside the group to help give them some ideas
on exactly what I believe they should be doing at that particular time.
If I have experience in that area, I love to be able to help people out.
And some people, that's really not that important, they're more there because they want to learn,
do things that maybe they're not doing.
Sure, we all want to get that, but I love to give back.
Another reason is just long-term connections and friendships.
I actually happened to meet somebody in a mastermind group who, we ended up going into
business together, and that business is our online mastermind group, ImpactMastermindGroup.com.
We literally have a group of people where we set up and we meet each and every week
online, just one hour a week, and we run business ideas by each other, we share tactics and
tips, we share what's working for this individual owner and this one.
We help each other out with problems, we have what are called hot seats, where a person
will essentially take the floor and explain issues that they're having in their business,
and they will get ideas from a handful of other business owners and say, "Oh, I had
that problem.
Here's how I solved it."
Whether you meet in face-to-face or online with a group of people, joining a mastermind
group was the single biggest thing I've ever done to help grow my business.
So, when it comes to what is a mastermind group, it's absolutely different to every
person.
Once again, sometimes it could be that regular connection, sometimes it might be that accountability
group, or just a friendship or connection group, or even just a group that you can teach.
Are there other things that you would call a mastermind group?
Do us a favor, let me know in the comments section below.
I'd love to hear about it.
And if you liked this video, please do me a favor, hit that like button.
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Hit that subscribe button and that little bell icon, so you'll be notified of when we
release new videos each and every week.
And if you are looking for a another way to make a huge impact on your business, go to
ImpactMastermindGroup.com.
Give us a call, ask questions about it, let us explain to you exactly what it's like.
We have a free trial where we'll actually let you go into a meeting for free, see what
it's like, see if it's right for you and your business.
And if so, we'd love to have you join us.
Once again, it's ImpactMastermindGroup.com, there is a link in the description area below.
And if you're ever wondering why people would join a mastermind group, up in the upper right
hand corner, we have the top five reasons why I actually joined a mastermind group.
Take a look at that video.
So, thanks so much for watching today.
If you liked the video, over to the right hand side, there would be some other related
videos.
And I hope today that I either help to market, simplify, or impact your business.
Hope to see you again soon.
Take care.