Mastermind Group: Do you really need one now?

Have you ever noticed that EVERYONE seems to be in a mastermind group?

Well, not everyone.

It’s usually the people you follow and admire.

People who are incredibly successful as Solopreneurs (or formerly solo), and they all seem to be in the same mastermind group, right?!

Here’s why.

They know that they are better… their business is better… and their workflow is better when they are accountable to someone else.

They also know that the people in their mastermind group are cheerleaders, supporters, and/or confidants all encouraging them to try the things that scare them and to lift them up when they fail. And they really do fail sometimes.

Do you know what else they do in mastermind groups?

They ask questions.

Request feedback.

Share ideas.

They are not alone.

If you don’t think this is important (even if you identify as being introverted) please prove me wrong by finding one single super-successful solopreneur in the online space that doesn’t participate in some type of mastermind.

Go ahead, I’ll wait.

A mastermind group meeting

You’re not likely to find it because successful people all know how important it is to surround themselves with people who are going through similar struggles so that they can do better, be better, and enjoy their work more.

But what about you? 

Are you in a mastermind?

Do you know where to find one?

Do you think you’re ready/have enough to offer/have the time?

Should you even be in a mastermind group now? (Take the quiz)

What is a mastermind for solopreneurs?

Masterminds are not always what they seem, and they definitely are not some mythical holy grail exclusive to self-employed superstars.

They come in different shapes (and price tags!), and here’s a brief look at a few.

A Mastermind Group with a capital “M”

Some masterminds are huge endeavors. They may run for a year and cost $25,000-$50,000 (or more!) This doesn’t even cover the travel expense for the 3 or 4 meetups they have during that time.

This type of mastermind goes way beyond accountability and includes a lot of training. You will also get access to industry rockstars, custom goal setting, and encouragement to get you there. 

Most of these types of Masterminds require you to apply, and there’s usually a revenue requirement (typically your business needs to be making 6+ figures a year for this to even be feasible).

A Mastermind Group with a lowercase “m”

There are thousands of “lowercase m” mastermind groups out there, but they are often really hard to find.

They are usually offered as the next level of help from someone who has created an online course, although not exclusively. 

The pricing can range from $50 a month to many thousands a quarter. There are monthly plans, 6-month plans, and even annual plans to support you in your business.

These masterminds thrive on the connectivity and networking, and they focus heavily on accountability.

As a part of this type of mastermind group, you may or may not receive any specific business planning, but goal setting is usually a key component.

It’s true that finding these type of masterminds can be a bit challenging because they are sometimes hidden behind online courses. However, if you do find one, being accepted into this type of mastermind is a lot easier (and more economical) than capital “M” masterminds.

A Mastermind Group with no “master”

Sometimes you just need to get some feedback, other times you may want to deconstruct a funnel that didn’t quite work or even share a win! 

You don’t need to join a mastermind to get that – you need an accountability partner. Someone who is also a solopreneur and who you can talk to, celebrate with, and sometimes cry with. 

Believe it or not, it is remarkably easy to connect with virtual strangers and become each other’s accountability partners when you are both working toward a common goal.

You can start looking for someone to fit the bill in Facebook groups, Twitter chats, or online courses you’re taking. 

Look for someone who is responsive and involved (Note: you should be responsive and involved, too). 

You can connect via posting on the platform and then take it to DM’s. If you think you’re a good match for supporting each other, then you are ready to make a Skype or Zoom date. 

When you don’t need a mastermind

Not all mastermind-type groups are really mastermind groups. 

Many people don’t need all the bells and whistles – or the high costs – that come with them. If this sounds like you, you don’t need a mastermind. You need a coworking community.

For example, the events  we offer in our Accountability Camp Community are not typical masterminds. 

They are planning, executing, and accountability co-working sessions held online to build businesses and communities. 

If you want to learn more about our coworking accountability events, and to see if they can help you, click here.

So, I’ll ask again…

  • Are you in a mastermind group? 
  • Do you know where to find one? 
  • Do you think you’re ready/have enough to offer/have the time?

Tell me in the comments below.

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