Mastermind Group Frequently Asked Questions

All FAQ'S are taken from the Mastermind Group Book, written by Author and Mastermind Strategist Moe Nawaz.

Rich Schefren – Guru to the Guru's Comments 

The right mastermind group filled with the right people and run the right way has the power to immediately and significantly grow your business. Unfortunately, that business multiplying combination isn’t often seen. In this book, Moe has laid out the specific steps to make sure your mastermind group is one certain to grow your business.

Questions:

I hear questions all the time as I work with clients and potential clients. I’ve compiled some of the most frequently asked questions I get here and answered them for you.

Q1. I’ve heard two different things – one is that you should get other “like minded people” and other is that you should only join a group that has people who are doing “better than you currently are” so as to push yourself. Which one is right?

Q2. What makes a good purpose for a mastermind group? 

Q3. When it comes to finding a mastermind group – are there really other like minded people out there?

Q4. If I’m starting my own group, how do I find those people?

Q5. Is it hard to break down the barriers and really get to know and trust each other in a group? Especially when it comes to detailing out important business principles?

Q6. I’m a really busy person, and I just don’t know if I can commit to showing up each meeting. Should I still consider joining a mastermind group?

Q7. What happens if I join a group and I don’t like someone in the group?

Q8. I’m a very focused person – I want to make that if I join a mastermind group they are focused and I get something out of them. I can’t afford to waste my time. How can I assure that my group will be productive and efficient?

Q9. I’m an internet marketer. Why do I need a mastermind group when I can learn on the internet, go to internet marketing events or the Internet Marketers Cruise and learn from the best of the best?

Q10. Once someone has achieved “success”, why would they want or need a mastermind group?


Q1. I’ve heard two different things – one is that you should get other “like minded people” and other is that you should only join a group that has people who are doing “better than you currently are” so as to push yourself. Which one is right?

You may get tired of hearing this answer…but there is no “right or wrong”. There most certainly are differing opinions. It’s good to take a look at the differing opinions, and then make the final decision based on your situation and what feels best for YOU. Let me say this though – you should ALWAYS be looking for a group that has “like minded people” to some degree or another. That doesn’t mean that they all think like you. It doesn’t mean that they have the same business as you. They don’t even have to have the same exact goal as you. But they should be working towards a same common goal. They should have an open mind about the power of the mastermind. They should be positive and excited about what the mastermind group can do for everyone in the group. 

Like minded is not a cookie cutter of each other. It’s a commonality of some kind that is threaded throughout the people in the group. As far as the second point goes – there are certainly a consensus of people that believe you should only join a group of people that are in a way “better” than you. But that gets to be impossible doesn’t it? Not everyone can join a group of people who are already better than them…there would be no group to join! The general idea is that you want to stretch yourself, and that is a good thing. But everyone is at a different part of the life and their business. For some people, just

dipping their toe in to the idea of joining a mastermind group is good enough for now! For others, YES….stretch yourself…join a group of people who are that “next level” up from where you are. Just make sure you are giving as much as you are getting! It would be like saying I would like to play golf with Tiger Woods every weekend but where is the challenge for Tiger to play golf with you? Do you get my point? Good.

The point is, there is no perfect way to join a mastermind group. Joining a group is what is important. Do what feels right to you in your business at this time. You can always join a different or another mastermind group later!

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Q2. What makes a good purpose for a mastermind group? 

Again, there is no perfect answer to this question – except to say that the more defined and to the point the better. A broad purpose such as “to increase the sales of the members” does not give the group much of a purpose. What business doesn’t want to increase its sales? How much of an increase would the group like to increase and by when?

If it’s a group of internet marketers, is there a common goal of increased traffic, conversation rates or page rankings? It could be something that is not totally business related. The group could have a common purpose of increasing their business to a level of being able to contribute £2,000 a month to a certain charity.

It doesn’t matter WHAT the purpose is. As long as there is a defined and focused purpose, the mastermind group can be working towards that purpose. When there is a lull in conversation or perceived progress, the group can always go back to the purpose and say, “What have we been doing to move closer to our purpose as a group and individuals? How can we do it better?”

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Q3. When it comes to finding a mastermind group – are there really other like minded people out there? 

This is one question that comes up a lot! Especially because so few people are aware of the fact that mastermind groups even exist. So when they are enlightened, they wonder if there are other people out there who could possibly know about mastermind group and be interested in being a part of one.

While there are many people who DON’T know about the power and effectiveness of mastermind groups, there are many who do. Some have been in mastermind groups before and are looking for a new mastermind group to join. Some belong to a group already, but are interested in joining another one or two groups that

have a different purpose. They REALLY understand the power of the mastermind group and realize that they can achieve different results from different mastermind groups.

What this question really comes down to is: are there other likeminded people who are open to the concept of the mastermind group? Let me rephrase it. Do you think there are other people out there who might be interested in learning from others? Who might be open to growing their business and their lives in a new way? Who might enjoy the power of a group of minds being more powerful than their single mind? The answer is definitely yes. There are plenty of other like minded people out there who are willing to be a part of a mastermind group.

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Q4. If I’m starting my own group, how do I find those people?

Even though we talk about this in a specific chapter, this is STILL something that people really worry about. Are there people out there who might want to join and group and how in the world do I find them?

In the Mastermind Group book Chapter 11 – it tells you some great place to advertise for others to get the word out for a newly forming mastermind group. As with almost anything, word of mouth is your best form of marketing and advertising. (Remember Mr. Kahn and his success story!). Talk to people who are in business and see if they know others who are interested in joining a mastermind group. You can “talk” in person, emails or on social media networks. The point is to get the word out.

When you are talking about the mastermind group that you’re starting, let people know what KIND of person you’re looking for. Talk about the qualities of who you are looking for. Not only does this let them know that you are looking for someone like them…it lets them know the mastermind group will consist of

LIKE MINDED people…with these types of qualities. After all, these are the qualities you are seeking.

When you are excited and positive about starting a group, positive minded people will be attracted to you. You will probably find yourself with a full group in no time!

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Q5. Is it hard to break down the barriers and really get to know and trust each other in a group? Especially when it comes to detailing out important business principles?

The trust issue. It comes up over and over again. Sometimes I’m not sure if people are asking if others will be able to trust, or if they are really asking if THEY will be able to break down the barriers and trust!

Let me just say it doesn’t happen immediately. The first couple of sessions are definitely about getting to know each other. Sure, you may have one or two people who are just naturally “open book” types of people and don’t mind laying everything out on the table from the get go. But that is unusual. Most people are a little more reticent in the beginning, and it takes some time to get to know each other and build upon the trust before things open up.

One thing that people will often ask is “how can I make sure that some great idea I talk about isn’t going to be stolen”. Well, you probably won’t talk about your great idea on the first session. You’ll know when the time is right and when you feel like you trust your group and you can give details on a project or idea that you have. Before that, you can give more generalizations. I’ve honestly not seen a mastermind group where people are out taking ideas they heard and turning them in to their own. Most people are just too busy working their own business! Yes, your idea is important to YOU, but you need to realize that other people have different ideas and businesses that are important to THEM! They don’t want your idea, they want to better their own business.

So when it comes to trust, the best advice is to take a deep breath and….go with your gut. When you are ready to talk about a certain level of your business, go for it. If someone asks you a pointed question, and you’re not ready to go in to that much detail, just say, “I’m not at that comfort level yet! Hopefully in another few sessions I’ll be there!”. That kind of honesty is what will bring the trust level up and break down the barriers in the group.

Remember you don’t HAVE to share anything you don’t want to when it comes to specific business details. You don’t have to share numbers or names. Just what you are comfortable sharing that would be valuable information to help another member in the group. It’s the EXPERIENCE and what you learned from it that tends to be the most value.

In the end, time takes care of breaking down the barriers. It often happens much quicker than you would imagine!

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Q6. I’m a really busy person, and I just don’t know if I can commit to showing up each meeting. Should I still consider joining a mastermind group?

If you really think you can’t commit to a mastermind group on a regular basis, I would seriously reconsider joining. It’s simply not fair to the other members.

Here’s what typically happens when members show up sporadically. The first part of the meeting is spent go over some of the goals from last time, and the people who weren’t there inevitably have a question or input on what was previously discussed. Then as the meeting progresses and someone refers back to something that was discussed last session, someone who wasn’t there will ask for it to be explained. Time is spent going back over the item. Often times

the person who wasn’t there will have input or insight, and the item is REHASHED. This is re-hashing instead of moving forward. Progress is often slow in a group that has members that are frequently missing. Of course circumstances do come up that you can’t help and sometimes you will miss a meeting. However, if you know it’s going to be regular, evaluate if this is really a good step for you right now.

That being said, I would like to make another observation. I have had plenty of people join a mastermind group thinking they were “busy people”. One of the eye opening parts of the mastermind group was finding out that they were actually time wasters doing busy work, not necessarily busy people. The mastermind group ended up being one of the best things they ever did for themselves and they were for more productive in their business for joining.

I’ve seen people who have reluctantly joined a mastermind group thinking they didn’t really have the time…only to turn around and make sure it was the TOP priority in their business. They found it to be such a productive part of their business they made sure to clear their calendar for their mastermind sessions. They wouldn’t miss if at all possible!

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Q7. What happens if I join a group and I don’t like someone in the group?

This can be a really tough one. I’ve had people join a group that they really like and find productive…except for that “one guy”. There is one person that just drives them crazy that they really don’t like. Sometimes it’s the same guy/gal for everyone. If that’s the case and there is a bad apple spoiling the bunch the mastermind coach should be willing to talk to the person and either give them a change to “fix the issue”, or ask them to leave the group.

There are cases that a mastermind coach is unwilling to do this. If so, sometimes the group will elect someone in the group to talk to person who is not working in the mix. Generally, I find that the person who isn’t working for some reason or another ends up leaving on their own. They usually have an attitude that doesn’t mesh well with the group, and they will need to find their need met somewhere else.

Now, if it’s just personal issue, that’s something else. It really is a shame when you find a group that is great, but just have one person that rubs you the wrong way. Quite honestly, you only have two choices in the matter. You can look within yourself and your business and think about what really matters. Are you gaining MORE from the group then the person is disrupting you? Is there anything you can do to tune it out? Whether its learning a mantra or doing some breathing and going to a “happy place” when the offending person is talking.

Your other choice is to find another group. It would be a shame to leave a group that is productive for you. However, if the person is getting in the way of you feeling positive, you need to go somewhere else where you can focus on staying positive and productive. The last thing you want to do is come back from a mastermind group and just think about how annoying a person was instead of the great ideas that were shared. The choice will be yours alone to make! But always speak with the coach first.

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Q8. I’m a very focused person – I want to make that if I join a mastermind group they are focused and I get something out of them. I can’t afford to waste my time. How can I assure that my group will be productive and efficient?

If only everything in life could be guaranteed! It’s just not that easy though. Most mastermind groups do strive to be focused and productive. However, I have seen some that get sorely off track and end up being an excuse for a social occasion and simply labelled as a mastermind group. They really aren’t a mastermind group at all!

When you are looking for a group, you need to interview the group just as they may interview you. Ask them what guidelines they have in place for the mastermind group. You know you’re in trouble if there is a big pause followed by…”we don’t really have any guidelines per se”.

Also, ask what the general agenda is for the meetings. This will give you a good idea how efficient they are. Again, no agenda is a big red flag. That usually means a mastermind group that flounders for much of their time. Ultimately, much of what you get out of a mastermind group is what you put in to it though. Going in with a positive attitude of “this is going to be a GREAT opportunity for me and my business” instead of “this had BETTER be worth it and not waste my time” makes all the difference in the world. When you are open minded and looking for positive opportunities to happen, they will come to you. You will find the nuggets instead of focusing on the negatives. Lastly, if you do join a group that just doesn’t work out for you, don’t give up on mastermind groups. Just because one doesn’t work doesn’t mean NONE work. It’s like dating…most people don’t find their spouse on the first try! You may not find your perfect group on the first try either! But you’re not married to a group…you can move on until you find one that is efficient and productive enough to fit your needs. Just remember to stay open minded along the way.

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Q9. I’m an internet marketer. Why do I need a mastermind group when I can learn on the internet, go to internet marketing events or the Internet Marketers Cruise and learn from the best of the best?

This is another question I get a lot, in one form or another. The internet has truly changed business in many ways. Yes, there is a vast wealth of information available on the internet. You can do a search and come up with articles on any subject on business you could want to find. There are courses available from gurus and subject experts on every from picking a domain name to building a million dollar empire. The problem with the information on the internet is that information is the sum of total of what you get.

There is no interaction. MAYBE you can ask a few questions via email or on a forum, but there is not a way to continually learn from the person who you are reading the article from in most cases (well, unless you are buying an expensive program, and even in that case, you are usually just getting DVD’s of that person talking at you more.

Nothing can take the place of human interaction. Getting to know one another personally and professionally over a period of time to build trust…and then develop ideas is completely different then digesting information that is being thrust at you. Yes, there are wonderful events that available. Not just in the

internet marketing space, but in many other niches as well. There are conventions and conferences of all sorts that you can learn from the experts in your field. Often times there are networking opportunities for you to chat with them in between breaks and you may even be lucky enough to score an email exchange with someone. But when the event is done, that is it. You’ve learned some great things but you don’t have those people to continue to learn from and exchange ideas with and build on those ideas and see where they go.

With a mastermind group you can build trust with your group, gain insight in to new ideas that are shared, and implement those ideas in to your business. There is a place for events, conferences and networking groups in your business. Use them for what they are meant to be. A place to get some GREAT idea and network with incredible people. Just bring those great ideas back to your mastermind group, discuss them, talk about what might work, what might not, and WHY…and make a plan to implement them in to your business.

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Q10. Once someone has achieved “success”, why would they want or need a mastermind group?

This is one that I actually LIKE to hear it. To me it affords me a great opportunity to sell the benefits of a mastermind group. You see, many people assume that a mastermind group is for people who are just getting started in their business. Or for people who are “stuck”. Or for people who are really struggling in a certain aspect of their business. So the further assumption is…once someone has hit success, why would they need to stay in a mastermind group? I think we can travel all the way back to Chapter 1 for a good answer to that. Take a look at Benjamin Franklin and The Junto. Or The Inkling. What about the members of The Vagabonds? These were Presidents and heads of major companies. Successful men for sure! Just take a look at Bill Gates and Warren Buffett and work out why they meet up regularly, they are both successful? Do some homework on them and then tell me.

There are MANY successful men today who are in mastermind groups. We talked about Jay Abrahams, Rich Schefren, Dan Kennedy, Frank Kerns and more. Jack Canfield, author of Chicken Soup for the Soul is in a mastermind group. So is well known business author John Assaraf. When these people decide to get

together in a mastermind group, it’s not to just to help the underprivileged! They ALL believe in mastermind groups themselves! While many of them are mastermind coaches, they BELONG to mastermind groups as well. Why? Well, let me ask you this. What is “success” to you? Is it a certain amount of money? To some people it is. To others is may be growing a business to a level of success, and then turning ANOTHER business in to a success.

Success for someone may be running a multi million pound business for 20 years – and then for the next 10 years “success” is starting a charity, or travelling the world, or figuring out how to be a better grandparent or a cook. In our lives there really is no end to success. We just change what our next success is going to be. So the answer to the question is, when someone TRULY understands the power and the experience of the mastermind…and they have hit “success”, they DO still desire to belong to a mastermind group. Most people have a hard time letting go of being a part of mastermind group when they have really found the magic that they can create in their business and their life. They simply look for a mastermind group that will meet their needs for their next phase.

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