The concept of Mastermind Groups was first discussed by Napoleon Hill in his famous book, "Think And Grow Rich." In his research of the most successful people of his time, Hill found that a key difference that made people successful was being involved in Mastermind Groups. Masterminding involves bringing people together with different experiences and ideas to collaborate, brainstorm, and provide support to help the participants achieve their goals. For business owners Masterminding can help you model other successful entrepreneurs, make you accountable for achieving your goals, and provide you with your own personal experienced board of directors.
"Men take on the nature and the habits and the power of thought of those with whom they associate in a spirit of sympathy and harmony. Through his association with Edison, Burbank, Burroughs, and Firestone, Mr. Ford added to his own brain power the sum and substance of the intelligence, experience, knowledge, and spiritual forces of these four men. Moreover, he appropriated and made use of the Master Mind principle."
Young Presidents' Organization brings together more than 11,000 young business leaders across 90 nations for peer networking. They exchange ideas, pursue learning, and share strategies to achieve personal and professional growth and success. Their philosophy is to make themselves better presidents by learning from each other. According to their Website, "Nobel Laureate Nelson Mandela, U.S. Presidents George W. Bush and Bill Clinton, His Royal Majesty King Abdullah II of Jordan and Revolutionary Leader Fidel Castro are examples of world leaders who have carved time from their schedules to meet YPOers and share lessons in what it means to be a global leader." To qualify, however, for the Young Presidents' Organization you need to have $8,000,000 in sales and over 50 employees.
Brian Scudamore, owner of 1-800-Got-Junk, grew his business from $201,532 to $8,057,563 in revenues over only 5 years. His company has won awards such as Fast Company's "Fast 50", Entrepreneur Magazine's "100 Hot Franchises", and Profit Magazine's "Top 100". His business has also been featured by CBS, CNN, The New York Times, Oprah and Dr. Phil. What is the secret to his success? In Brian's article "Small Group Networking Among Entrepreneurial Peers".
I have now set up a series of Mastermind Groups for Toronto entrepreneurs who want to benefit from the peer to peer network of group coaching, support, and experience. We are looking for members with between $300,000 and $2 million in revenues and looking to grow.
To share your ideas and get feedback from other toronto entrepreneurs so you can leverage their success and experience to rapidly grow your business.
To provide access to a network of business owners from various backgrounds to obtain different perspectives, input, and resources.
To make yourself accountable to others for key goals you have for your business and have a mechanism to help you follow through.
I have now set up a series of Mastermind Groups for Toronto entrepreneurs who want to benefit from the peer to peer network of group coaching, support, and experience
Meetings with your group are once per month.
Each member will then have 15-20 minutes of their own time to share their challenges and get feedback and suggestions from the rest of the group. This is your time to bring up your important business issues and get valuable advice to help you move forward.
At the end of the session members set goals for the next month and are paired with another member. A weekly time is set between pairs for a quick phone call to follow up and make sure you follow through on your goals.
Members are from non-competing industries and sign confidentiality agreements.
Here are a few clips from some of our Mastermind bonus events where we learn from entrepreneurs who have achieved more than us.
There is a financial commitment of $99 / month satisfaction guaranteed membership fee and monthly dinner costs (usually $15 / month for catered meal). There is also a time commitment which is not to be taken lightly. It consists of coming to the meetings each month and calling your accountability partner to make sure you follow through on your goals once a week. Membership, however, is not for everyone. You have to be serious about building your business and be willing to share with and learn from other entrepreneurs. If you would like to get involved or learn more details, contact Evan by clicking here.