If you're in a **mastermind group** or similar, what are some things that work really well?
If you're in a mastermind group or similar, what are some things that work really well?
And what would you change?
If you're in a mastermind group or similar, what are some things that work really well?
And what would you change?
I'm not in one right now, but I have done them in the past. The biggest problem seems to be that people eventually give up either on coming to the meetings or on their products altogether. I think it is important to nail down an appropriate frequency where there is enough to report every meeting, if it is too frequent conversations can get repetitive. Also, probably have a group of people who are really committed to bootstrapping their businesses. Finally, have some flexibility where if a member doesn't come, the group won't burn down.
I second this, and I hear this a lot from other people who have partaken. I will say, however, that from my experience this only happens with Masterminds which do not have the following:
Strict timekeeping. There's always more to talk about than could fit in an hour (or any fixed amount of time), and so these things will grow to be very long if you allow them to continue "until everything is said". As they grow, they become less valuable and more costly, and folks eventually stop showing up.
My last one worked for years once we locked it into a duration of precisely one hour (which worked out to something like 8 minutes per attendee, 3 for them to give an update, 5 to receive feedback and suggestions). To help account for "stuff there wasn't time to say", we kept lots of paper and pens on the table and encouraged folks to write down (and hand over) suggested resources instead of verbally describing them, and to just write down their own email if they had more to add which there wasn't time for.
Thanks, that's great advice and very similar to how I run all-hands meetings with small teams.