Mastermind groups can be a valuable resource for any business professional. Next month will mark the seventh year I have been a member of a real estate related mastermind group. Originally, our common interest was belonging to a coaching group called By Referral Only. That common thread drew a group of like-minded individuals together and it's still growing strong. We have people who are part of the core group that actually formed about ten years ago and continue to invite others to join us. Our attendance is typically 15-20 people each month.
What we do is meet to discuss a topic that we decided upon at the previous meeting. We generally have one or two people from the group who will volunteer or "get volunteered" to present on our chosen topic. We have a moderator who keeps everything moving along. We also will discuss anything that is newsworthy or brainstorm an idea or strategy to help someone move forward in their business.
Since our mastermind group is made up of real estate agents and lenders, we tend to focus on real estate related topics. We have discussed a variety of topics from setting up a website, team building, marketing ideas, blogging, texting, best business ideas, business coaching, investment properties, and many more.
We have a wonderful moderator who keeps us on track. When I joined the group 7 years ago, I gladly accepted the position as secretary. Since I was comparatively new in the real estate business and believed I had less to contribute than many other members, it seemed the best way to make a contribution to our group. (It's really nothing more than keeping a database and sending out a couple emails each month.) I later learned that people new to the business bring a great batch of questions and a fresh perspective to any group. They cause those who have been doing things the same way for a long time to consider what they do, why they do it, and that there might be a better, faster, easier, more economical way. The key to any group's success is getting most of the people in the group to participate and contribute.
So, if you have been fortunate enough to have been invited to join a mastermind group, do give it a try...and thank the person who thought enough of you to invite you. Or, you might consider starting your own mastermind group. Begin by inviting a few people you respect, get together for lunch or breakfast and encourage them to each invite a person or two to join you the following month. Our group meets at the same time on the second Tuesday of each month. That way, people can work their schedules around it.
If you would like more information on starting your own mastermind group, I'd be happy to answer any questions you might have.
Marlene Bridges, REALTOR® and Humber Scribe for SoCal Mastermind
Certified Residential Specialist® - Seniors Real Estate Specialist® - ePRO®
Orange County, California