Have An Area For Members To Share Resources Between Meetings

6 months into my first Mastermind Group I asked the members what I could do to make the groups even better. A common response was having an area where they could connect with each other and share resources in between meetings.

In our meetings the members are frequently referring to contacts, websites, tools, books, and other information that have helped them grow their businesses. They recommend the best places to go, the best people to use and the best ideas that they have leveraged.

The members loved the wealth of resources. The problem was if you did not take down the information on the spot it would be lost. Members would often email me asking for the name of website of an item that was discussed at a meeting three months ago.

We solved this problem by creating a section in our members only online forum off our website. Each member now gets a login and a password that gives them access to the forums. After members share their valuable tips in the meetings they can post it online for everyone else to refer to at any point in the future.

Some of the three groups that I run use this feature more than the others but it has proven to be an effective way to keep all of our information together and have it as a place for people to come back to and connect with in between meetings.

The tools are free to set up and are fairly easy to use. I would recommend that every Mastermind Group have an online tool for the members to share their resources with each other and add more value to the group.

5 Ways a Mastermind Can Grow Your Business

Guest Contributor: Melanie Benson Strick
Melanie's Posts - Melanie's Blog


Napoleon Hill, in Think and Grow Rich, taught us that a mastermind can cause you to think bigger and challenge yourself to play on a whole new level. Having a mastermind group is becoming more and more common place for business owners. So why does it work? Here are five ways a Mastermind can help you grow your business.

1. See your opportunities from a different perspective. We often get blocked in our own way of thinking. A mastermind can help you see opportunities from a fresh point of view.

2. Get challenged to play bigger. When you see other people creating big business success, something gets triggered that makes us want to kick our game up a notch.

3. Be accountable. Often we can let ourselves down but to let a group of peers down is unacceptable. A mastermind group is a great forum for knowing that someone will notice if you don't complete your action steps.

4. Access to your peer's resources and referrals. What is a proven resource worth to a business owner? It's priceless. Referrals to tried-and-true resources save time, sanity and money. A mastermind group forms a very tight connection. The commitment to each other's success becomes the bond. You will get access to referrals you won't get any other way.

5. Feel connected to people who "get you." Entrepreneurs just want to feel understood. When you are in a group of your peers who "get you", your confidence increases and so do your results.