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Saturday, January 06, 2007

Real Estate Mastermind Group

Marisa Ladd is a real estate agent based in Springfield, MO. She's recently put together a Mastermind Group at her office with some of the other agents.
The group will consist of seven RE/MAX agents from my office, each with a different offering to bring to the table. I'm thrilled at the opportunity to learn from some very talented and successful agents, as well as share some of my own ideas.
They are taking a more structured approach where meetings are held once a month for one hour. Monthly mailings are discussed for 15 minutes. Then they will spend 30 minutes on 2 special topics every month which will vary. For example, in the first meeting Marisa will discuss the topic of blogging while another agent will share tax tips.

From my experience, it's important to have structure in the meetings. It makes sure that people show up on time and get value from the session. Unstructured meetings can frequently end up in long discussions on unrelated topics, uncertainty in what is expected of each member and can often lead to a group falling apart.

At the same time you need to do your research and change the structure as needed. When we first started our Mastermind Groups we looked at the various successful ones out there to learn what they did so well. We incorporated those ideas for our first meeting. As the groups grew we always take the feedback of our members to make the meetings even better each time around. The structure changes slightly as we make improvements but we do keep a strict structure so that everyone knows what to expect and gets value from the meetings.

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Name: Evan Carmichael
Location: Toronto, Ontario, Canada

EvanCarmichael.com is the world's #1 website for small business motivation and strategies. Evan also runs a series of successful Mastermind Groups in Toronto for entrepreneurs.


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