There is nothing quite like a great CEO Mastermind Group.
This blog post is coming to you from Indianapolis, IN – also known as the home to the Super Bowl in about a week. By the way, in case you’re wondering how early the parties and festivities start prior to a Super Bowl, it is about 10 days. At least in Indy. Incredible to see the excitement and energy on the streets this early. But, I digress.
I just completed the first day of a seriously great CEO Mastermind Group, with another half day tomorrow to finish it up. I’m a participant for this mastermind so I get to present my business and talk about my challenges confidentially to the rest of the group; I do also host my own elite mastermind group 2x/year, called The Power of 11, which I obviously recommend though it is very exclusive and only for serious candidates.
What is this thing called a CEO Mastermind Group? Well, it is obviously an event catered mainly to CEO’s or solo entrepreneurs building businesses or companies. Some people try and call it a series of brainstorming sessions, but that’s not accurate because most brainstorming sessions lack structure and any real agenda. Mastermind groups have structure and agenda. Some people try and call it group therapy, but that’s not accurate because most group therapy is somewhat depressing and down. Mastermind groups have amazing energy and they’re very fun.
What a Mastermind Group really is is a (usually) 1.5 day gathering of a group of high-powered, smart people. Groups I’ve hosted and attended range anywhere from 8 people to 20. Each CEO has a chance to “present” their business, business model, challenges, strengths and weaknesses for about 45 minutes typically. Though it is a presentation, it is usually very interactive which is where all the value comes in. You get a group of insanely bright people punching holes and making suggestions about your business. And when you have all of these other people present, you get to hear everyone else’s ideas that you can adapt to your own business too. However many participants are in the group is how many different sets of ideas you take away from it. It is like having a room full of “best in breed” people as your personal consultants for 36 hours.
I was fortunate to participate in this one in Indianapolis, and in general I believe these are invaluable to do. If you’re serious about growing your business, becoming a better businessperson or anything close to that, I would recommend participating in at least one CEO Mastermind Group. It keeps you sharp, and on your toes, and eliminates your blind spots since no one in the group is ever a competitor.
Participating in a CEO Mastermind Group is not cheap, typically, not by any means. But you get what you pay for. Never once have I regretted forking over the dough for participating in these.
