Posts in Peer Group

Read This Before Joining a Mastermind Group

February 16th, 2018 Posted by Blog Post, Entrepreneur, Leadership, Mastermind Group, Owner, Peer Group 2 thoughts on “Read This Before Joining a Mastermind Group”

If you’ve ever thought of joining a mastermind group, please read this.

I’m Jon Umstead, author of Business is ART and founder of Plan Canvas. In this week’s post, I’d like to speak with you directly from my heart – then invite you to join me.

Several years ago, I became a believer in the power of mastermind groups. If you are unfamiliar with the term, a mastermind is effectively peer-to-peer mentoring in a facilitated group setting. Everyone comes together to help one another solve their problems.

The concept itself was coined nearly 100 years ago by author Napoleon Hill (The Law of Success and Think and Grow Rich).

There are all kinds of mastermind group options, methodologies, and platforms. I was trained in mastermind group facilitation by one of the most prestigious CEO coaching companies around. But while I became a fast and firm believer in the concept, some of the core practices promoted by this particular company were not in harmony with my own beliefs.

How can it be done differently?

So I sat things out for a year, thinking about. If I were to create and run my own version of a mastermind group, what would it look like, how would it function, and what would be some of the core characteristics of candidates to join the group?

I then began the task of recruiting candidates – something I will admit is not fun to me. It can be a hard sell. How do you show someone that it is worth their money and time away from work to sit in a room with a bunch of people from other industries, helping them solve their problems, when you’ve got enough of your own?

“My business is unique. I don’t need to talk to people from other industries. I need to talk to people with businesses just like mine.”

Heard that all the time as well.

But ultimately we assembled a group that ran for 2 years. It represented some of the greatest professional experiences I have ever had.

We met monthly at alternating locations and as I’d pack up food, beverages, laptop, projector, tripod and flip charts, and drive off to our meeting, I’d think to myself, “Is this going to be worth it today? What if no one gets any value out of it?”

After the meeting would adjourn, I’d pack up and start driving home, feeling completely good about the day.

There is no more rewarding professional feeling than knowing you were part of helping someone else get through a really tough issue. Occasionally, it would literally bring a tear to the eye.

The group had a lot of successes – here are a few

One of our group members had to figure out how to make massive personal life changes due to the failing health of a loved one. One wrestled with a decision to run for public office – something she had wanted to do for a long time – but how could she juggle the responsibilities of owning and operating a small business with several employees and clients to consider AND be a public servant?

In both cases, the group was challenged with helping these members determine solutions and a plan forward. In both cases, things worked out.

The following is a direct quote from another one of the former mastermind group members, who has given me permission to share it:

“Since joining Jon’s mastermind group, my revenue has increased 31.25% in 10 months. Employee morale and productivity has increased 50% by implementing new processes and incentive programs recommended through the group. As a direct result, our competitors do not even compare to the service we provide.”

Christina Walters, Founder/Owner Night Dispatch

If I could guarantee results like that for everyone, I’d be an occasional guest Shark on Shark Tank and have a private island next to Tony Robbins’

But I can guarantee this.

If you join a well-run mastermind group and show up – I mean REALLY show up – you will find it well worth your time and money. Most members find they actually save time by investing in a mastermind.

For the last 14 months, I’ve missed our group. We shut it down due to the retirement of members – one member actually ran for and won the election to the office she had considered. It was also time for me to focus on the development of Plan Canvas. In short, it had run its course.

And now, I am very pleased to say, it is time to start a new group

This time, I will be leading one electronically. We will meet online, monthly, in the evenings, beginning this month.

This revised format will make it possible to expand the group well beyond geographical boundaries, in multiple time zones, and at a time that does not encroach on normal business hours.

Start for free and let the experience speak for itself

The best way to experience it and start gaining benefit from it is to just jump in.

And I get it. You’re skeptical. You have enough demands on your hard earned cash. But if you have ever considered joining a mastermind group, give this one a shot.

I am offering a free introduction to it, so there is nothing to lose and so much to gain.

Contact me directly at jon@plancanvas.net to discuss it and get you started. There can only be 10 members to a group and some seats are already taken, so, there is no guarantee to fit you in.

This genuinely could be one of the best decisions you have ever made. I am THAT confident in it.

Looking forward to hearing from you.

Are Mastermind / Peer Groups Worth It?

November 28th, 2017 Posted by Blog Post, Leadership, Mastermind Group, Peer Group, Relationships 0 thoughts on “Are Mastermind / Peer Groups Worth It?”

Are mastermind or peer groups worth it? The short answer is “Abso-friggin-lootely!” But there is a longer answer to consider.

On a recent episode of the Business is ART podcast on the TrueChat Network, podcast host and Plan Canvas founder Jon Umstead spoke with business coach Steve White and Entrepreneur Christina Walters about the value of a mastermind, and we wanted to summarize a few of their points here.

Steve discussed from the point of view of someone who has led a mastermind group. Christina discussed from the point of view of someone who has been a member of a mastermind group.

Need a more flexible, budget friendly mastermind/peer group option?

We have an online option that follows a proven process.

In-person mastermind groups are great. But they do require a significant investment of time and, often, money. That isn’t always possible for everyone. We have a lower priced option that with more flexibility because we do it online.

Learn More…

What is a mastermind group?

Mastermind groups consist of peers who come together to receive help and help others with their issues and challenges – be they personal or business related. They are typically facilitated and can be industry/topic specific or they can be open to any type of business or organization – profit or non-profit.

Masterminds are built on two premises:

  1. It’s lonely at the top.
  2. None of us is as smart as all of us.

It’s lonely at the top

When you lead your business or organization, from an organization structure point of view, you sit at the top. As they say, it is lonely at the top. What is meant by that is more often than not, it is difficult to find people to talk to about your challenges because most people cannot relate to them.

There are some challenges about which you cannot speak to your employees, family, loved ones, friends, etc. Not because they don’t care or don’t mean well, but because they aren’t in your shoes, they don’t have that experience, and they can’t empathize. Their feedback can often, unintentionally, be based in their own emotions and what’s in it for them.

A mastermind group is made up of individuals who have or are walking in your shoes. They can directly relate because they have been there or know they very well could be. They can offer feedback in an unemotional manner because they have no emotional skin in your game (other than they just want to see you do well).

What makes for the most effective mastermind group?

In order to maximize effectiveness, a mastermind group has to be facilitated by someone. Here are a few more things to look for:

  1. Be sure that the group is about the members and NOT the facilitator.
  2. Be sure that the mastermind group follows a defined process so that it is not the equivalent of a coffee clutch.
  3. Be sure that the group is about resolving issues/challenges as opposed to selling and marketing to each other.
  4. Be sure that you and all other members make the group a priority – don’t find reasons to miss meetings, be present in the meetings, actively participate in the meetings.
  5. Be accountable – follow-up on any assigned action items from the group and expect that others will do the same.

See the Benefits of a Mastermind Group Yourself!

None of us is as smart as all of us.

Join a group of peers for monthly, facilitated, on-line meetings where you can help others and be helped by others. Join now…

None of us is as smart as all of us

This is an old Japanese proverb – sort of the old adage “two heads are better than one” except in this case, you are bringing several heads together.

The major challenge in any group setting is to ensure that group-think does not enter into the equation. That is when the strongest personality in the group begins to take over and suddenly, everyone winds up agreeing with everything that individual has to say, with no real exploration of alternatives.

Avoiding group-think is a major reason that for a mastermind group to be successful, it has to be facilitated, preferably by a professional facilitator.

So are they worth it?

If you find the right mastermind group for you that minimally has the characteristics described in this post, mastermind groups are definitely worth it. There are numerous studies that show how effective they can be depending on what success, in terms of a mastermind group, means for you.

Christina is clearly biased when it comes to the value of a mastermind group. While participating in one, her business grew by over 30% in just a few months.

On the podcast when asked who should join a mastermind group, her response was, “Everyone.”

We agree.

Plan Canvas is a community and a powerful software for improving your odds of business success and personal fulfillment.

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