What Makes a Successful Mastermind Group?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9 • 638 Ratings

🗓️ 23 February 2017

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question comes from Jennifer, who has a question about building a successful mastermind group. What is the best structure of a mastermind group? What kinds of topics should they discuss? How can they best leverage each other? Jennifer's website is at http://www.sideofincome.com/. In this episode, I mention my webinar replay on How to Build a Winning Mastermind Group. You can watch that at https://www.smartpassiveincome.com/tv/how-to-build-a-winning-mastermind-group-webinar-replay/. Do you have a question about running a successful mastermind group? Record it at http://www.askpat.com/. Today's sponsor is Freshbooks. Go to http://www.freshbooks.com/askpat and enter "Ask Pat" for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	AskPath.
0:07.0	com.
0:08.0	Talk.
0:10.0	Hey, what's up, everybody?
0:11.7	Pat Flynn here and welcome to episode 808 of Ask Pat.
0:14.6	Thank you so much for joining me today.
0:16.2	As always, I'm here to help you by answering your online business questions five days a week.
0:19.9	We have a great question today from Jennifer, but before we get to her question, I do want to
0:23.3	thank today's sponsor, which is FreshBooks, a company I've been working with for the past
0:26.7	couple years.
0:27.3	They've been helping me keep track of my business finances, which is extremely helpful come
0:31.2	tax season.
0:32.3	It just also helps me keep a leg up on everything that's going on in my business. But more than that, I'm also able to send really, really professional-looking invoices to my coaching students really, really
0:42.4	quickly. And I can get paid much sooner because it just makes the process super easy on both sides.
0:47.2	Plus, I can easily keep track of who is paid and also who has even yet to open those invoices,
0:52.3	which is super handy because then I can follow up if I need to. So you should check them out for free for 30 days. They have a 30-day free
0:57.8	trial at freshbooks.com slash ask pat and make sure you enter Ask Pat in the had you
1:03.0	hear about us section. All right. Now here's today's question from Jen.
1:07.5	Hi, Pat. This is Jen from side ofincome.com. Every entrepreneur I listen to stresses the importance of a mastermind group.
1:18.5	I found a group of people to come together to form this group, but we're not sure what to talk about or what the structure of our meetings should be.
1:29.1	I was curious if you can share any insight around what makes a successful mastermind group and what kinds of ways we could be
1:35.2	leveraging each other to make the group a success. Thanks so much for everything you do.
	...

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