Download: MP3 (49.9 MB)

Very rarely are you working on someone else’s business, and very rarely are other people working on your business. That’s what makes mastermind groups so special.

We’re continuing our mastermind series by covering what goes on inside a mastermind session.

There are four general sections:

  1. Updates
  2. Goals
  3. Challenges
  4. Commitments

There’s also a bonus session: Unsolicited Advice.

We’ll talk about time limits and structure as well as what each section looks like.

Highlights, Takeaways, & Quick Wins:
  • Keep your mastermind sessions to four general categories: updates, goals, challenges, and commitments. Bonus category: unsolicited advice.
  • Updates should be high-level, chronological overviews.
  • Your update should include where you are now and how things have gone since the last session.
  • Your goals should include where you are now and where you want to be. What’s the next step?
  • Keep your goals attainable—make sure they’re doable by the next session.
  • Your challenge session should be all about things that are keeping you from achieving your goals. What are the bottle necks? What’s holding you back? What hurdles are you encountering?
  • Share one big challenge that you have and let the group help you solve it completely.
  • The times you feel like you shouldn’t participate in a mastermind are the most important times to participate in one.
  • If you can, begin to take action during the mastermind session. What can you do with the group to get the ball rolling while you’re there?
  • It’s easier to take action on a problem when you can share the burden with someone.
  • Every person needs to contribute to the group, otherwise it won’t work.
  • Spend the most time on the person who needs the most help. Ideally, that person changes each time; if it doesn’t change each time, you may need to reevaluate.
  • At the end of a mastermind session, everyone needs to have a clear idea of what everyone else is going to focus on so you can hold each other accountable.