Hidden Masterminding Benefit

Guest Contributor: Doug Emerson
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I discovered a hidden benefit of being a member of a four person mastermind group last week. It happened outside of our regular mastermind meeting. The hidden benefit is-

Fast Forward

Let me explain that I'm not talking about a time travel machine. Mastermind group member Paul and I traveled together to listen to business consultant Alan Weiss, author of "Million Dollar Consulting" give a presentation to a group of 40 in Syracuse, NY. If you are in the consulting business and you don't know of Weiss, you should. His books are great value about pricing consulting services based on the economic value delivered to the client rather than priced as a commodity or calculated with a clock.

The two hour drive to the meeting and the return trip gave each us plenty of talk time for our businesses. As mastermind group members, both of us know a fair amount about the goals of the other's business, the business structure and the business history.

The drive home after the meeting was a discussion of how Alan Weiss's concepts could be adapted to our businesses. Having a mastermind group history with each other, we were able to "fast forward" and focus our discussion quickly.

Had we been traveling with others not as well acquainted with our businesses, much of our time would have been spent (wasted) on individual business history and explanation of the present position. Just like an instructional tape or CD recording, without our mastermind background, we would have been immersed in a chronological step by step discovery process: Track 1, Track 2, Track 3... yawn.

We mentally pressed the fast forward button to get right to the present in our discussion of the 3.5 hour talk delivered by Weiss. With the freshness of the information, both of us found fantastic value from our follow up discussion and instant gratification from our investment of time and money to travel to the talk.