How Long Should A Matermind Group Operate?

One thing to think about when you're setting up your Mastermind Groups is how long you want to be around for. There are many groups which are designed to run indefinitely. I've been fortunate enough to be around a few where the members have been meeting for over 20 years!

That being said, many groups do not last as long. A recent post in the eMoms at Home blog discusses the end of a Mastermind Group after 12 weeks in operation. The group got what they needed and the members are continuing on their own paths.

My own local Mastermind Group ended yesterday after a wonderfully insightful and productive 12 weeks. We had a wrap-up dinner last night and shared with each other the highlights of the time we have spent together, talking specifically about what we learned and what were our key takeaways from such a huge investment of time, love and work.

The groups that I run are setup as annual memberships. The entrepreneurs who join commit to being a part of it for one full year. You should do at least 3 months to be able to see some improvement with your business as the connections and advice you get begin to unfold in your company. I like the one year model as it really brings together the members and gives everyone a chance to get to know each other. The more you can understand the other people in the group, the better advice you can give them. The groups tend to form a little family of their own as we meet once a month and follow up via phone calls every week.

I would suggest having a timeline for your group. Test it out for 3 months and see how it goes. Is everyone getting value from the group? Are the members you have the right one for what you want to achieve? Are you learning and being challenged by the group? Hopefully you'll build a group that can last 20 years or more!