1 00:00:04,470 --> 00:00:05,010 Hi there. 2 00:00:05,310 --> 00:00:06,060 It's Sue. 3 00:00:06,120 --> 00:00:08,670 And thanks for joining me for tips and talk day. 4 00:00:09,330 --> 00:00:13,290 These are bite-sized topics that I pull from community questions and 5 00:00:13,290 --> 00:00:16,800 things that I'm observing in the world of handmade small business. 6 00:00:17,310 --> 00:00:18,900 If you'd like to submit a topic, 7 00:00:19,230 --> 00:00:23,880 DME, over on Instagram at gift biz unwrapped today, 8 00:00:23,880 --> 00:00:27,390 we're going to talk about masterminds and more importantly, 9 00:00:27,510 --> 00:00:30,570 how you can create your own mastermind. 10 00:00:31,290 --> 00:00:33,840 I think that probably a lot of you have heard about 11 00:00:33,840 --> 00:00:35,130 masterminds. It's like, 12 00:00:35,160 --> 00:00:35,730 oh my gosh, 13 00:00:35,850 --> 00:00:37,650 they're going to cost thousands of dollars. 14 00:00:38,070 --> 00:00:42,510 Sometimes masterminds are tens of thousands of dollars. 15 00:00:42,810 --> 00:00:43,890 And this isn't for you. 16 00:00:44,370 --> 00:00:47,010 I'm going to tell you about how you can make your 17 00:00:47,010 --> 00:00:48,150 own mastermind, 18 00:00:48,450 --> 00:00:49,710 what the elements are, 19 00:00:49,890 --> 00:00:53,970 what the advantages are coming from your girl who has done 20 00:00:53,970 --> 00:00:58,440 this. I have been part of a local mastermind for 20 21 00:00:58,440 --> 00:01:01,650 years. Truth is it's just disbanded, 22 00:01:01,680 --> 00:01:03,480 but that's because of lifestyle changes. 23 00:01:03,660 --> 00:01:05,250 People moving businesses, 24 00:01:05,460 --> 00:01:06,990 completing their lifecycle, 25 00:01:07,020 --> 00:01:07,680 et cetera. 26 00:01:07,950 --> 00:01:11,820 A mastermind is a group of people getting together. 27 00:01:11,850 --> 00:01:13,590 You can do this either virtually, 28 00:01:13,620 --> 00:01:17,310 but I really think the very best thing is in person. 29 00:01:17,310 --> 00:01:18,840 And that's what I'm going to be talking to you about 30 00:01:18,840 --> 00:01:22,140 right now and helping each other, 31 00:01:22,260 --> 00:01:24,060 grow your businesses. 32 00:01:24,420 --> 00:01:27,090 The value of doing this is a few things. 33 00:01:27,330 --> 00:01:28,140 Number one, 34 00:01:28,200 --> 00:01:29,790 you learn from other people. 35 00:01:30,210 --> 00:01:31,110 Number two, 36 00:01:31,560 --> 00:01:33,360 you get a chance to strategize, 37 00:01:33,420 --> 00:01:36,780 kick around ideas with people who aren't just friends or family, 38 00:01:37,050 --> 00:01:39,840 people who are also trying to grow their own business. 39 00:01:40,320 --> 00:01:43,080 And they may have some ideas that can apply to you. 40 00:01:43,080 --> 00:01:45,750 They may have done some things that you're thinking about and 41 00:01:45,750 --> 00:01:50,580 give you some cautionary tales or some advice to way to 42 00:01:50,640 --> 00:01:53,160 go back and forth and talk about what you're planning to 43 00:01:53,160 --> 00:01:55,470 do. So you don't feel all alone, 44 00:01:55,530 --> 00:01:55,770 you know, 45 00:01:55,770 --> 00:01:57,390 as a solo entrepreneur, 46 00:01:57,390 --> 00:01:59,340 just being all by yourself. 47 00:01:59,850 --> 00:02:01,680 And then the third thing is accountability. 48 00:02:01,710 --> 00:02:05,820 Because once you create a plan and you tell everybody in 49 00:02:05,820 --> 00:02:08,070 your mastermind that you're going to do it, 50 00:02:08,460 --> 00:02:12,630 then the trick is actually following through and taking the action. 51 00:02:13,080 --> 00:02:17,010 Those are the values of masterminds learning the ability to do 52 00:02:17,010 --> 00:02:21,540 strategic planning with people who get it and then accountability. 53 00:02:22,170 --> 00:02:22,860 And guess what? 54 00:02:23,250 --> 00:02:28,560 You don't need to always join an organized mastermind where you're 55 00:02:28,560 --> 00:02:32,640 having to pay money into the system to get the advantages 56 00:02:32,670 --> 00:02:34,590 that a mastermind can bring. 57 00:02:35,010 --> 00:02:38,190 I was mentioning a minute ago that I was part of 58 00:02:38,220 --> 00:02:42,090 a mastermind here locally for years, 59 00:02:43,230 --> 00:02:44,100 at least a decade. 60 00:02:44,130 --> 00:02:47,130 I'm not even sure if it was more than that. 61 00:02:47,400 --> 00:02:49,500 And I'll tell you something. 62 00:02:49,530 --> 00:02:53,280 We went through selling businesses, 63 00:02:54,000 --> 00:02:55,770 having people being sued, 64 00:02:56,400 --> 00:02:57,960 buying businesses, 65 00:02:58,440 --> 00:02:59,740 some personal things too, 66 00:02:59,740 --> 00:03:02,710 like adopting a child from overseas, 67 00:03:03,010 --> 00:03:05,500 let's see employee problems, 68 00:03:05,860 --> 00:03:08,280 all different types of things we talked about. 69 00:03:08,300 --> 00:03:10,540 You can imagine within the 10 years of being in a 70 00:03:10,540 --> 00:03:15,400 mastermind, what ended up happening as we progressed in time, 71 00:03:15,670 --> 00:03:17,710 we all knew each other's businesses. 72 00:03:17,740 --> 00:03:18,610 So well, 73 00:03:18,940 --> 00:03:20,500 we could celebrate the wins. 74 00:03:20,590 --> 00:03:23,560 We could be there for support with the challenges, 75 00:03:24,070 --> 00:03:26,500 but we had each other's backs. 76 00:03:26,740 --> 00:03:28,240 And how awesome is it? 77 00:03:28,240 --> 00:03:29,830 When you have a group of people, 78 00:03:30,070 --> 00:03:32,620 you can help in an instant because you know their businesses 79 00:03:32,620 --> 00:03:33,190 so well. 80 00:03:34,060 --> 00:03:35,430 So let me share with you here. 81 00:03:35,440 --> 00:03:37,300 Some steps of what to do, 82 00:03:37,300 --> 00:03:40,750 if you are interested in creating your own mastermind. 83 00:03:41,350 --> 00:03:44,800 The first thing that I would look at is the selection 84 00:03:44,800 --> 00:03:47,050 of people who you want to reach out to, 85 00:03:47,050 --> 00:03:48,640 to be part of your mastermind. 86 00:03:49,480 --> 00:03:52,420 My advice here is not to select people who are in 87 00:03:52,420 --> 00:03:54,010 the same industry as you. 88 00:03:54,340 --> 00:03:59,920 Why? Because different industries provide different opportunities for learning. 89 00:03:59,950 --> 00:04:03,910 And so people will bring more information to the table for 90 00:04:03,910 --> 00:04:05,320 you. For example, 91 00:04:05,320 --> 00:04:06,940 in the mastermind that I had, 92 00:04:06,970 --> 00:04:09,070 we had me. 93 00:04:09,250 --> 00:04:11,440 And at that point I was in my gift basket business. 94 00:04:11,440 --> 00:04:12,550 When I first started, 95 00:04:12,550 --> 00:04:14,830 of course now I've evolved to my other businesses, 96 00:04:15,310 --> 00:04:18,910 but I also came with a corporate sales and marketing background. 97 00:04:19,330 --> 00:04:21,520 We had an organizer, 98 00:04:21,790 --> 00:04:23,650 she came from corporate HR. 99 00:04:23,920 --> 00:04:27,580 So now there's another layer of experience that we can tap 100 00:04:27,580 --> 00:04:31,480 into. Then we had an orthodontist, 101 00:04:31,570 --> 00:04:32,230 by the way, 102 00:04:32,230 --> 00:04:37,030 she's the first woman president of the national orthodontic association, 103 00:04:37,060 --> 00:04:38,440 shout out to Robin. 104 00:04:38,830 --> 00:04:42,430 She was also a professor at a local university. 105 00:04:42,910 --> 00:04:47,410 Then we also had a travel agent and gosh, 106 00:04:47,440 --> 00:04:50,500 how that industry has changed from 15 years ago. 107 00:04:50,860 --> 00:04:54,070 So you can see that by bringing people in from other 108 00:04:54,070 --> 00:04:55,510 types of industries, 109 00:04:55,900 --> 00:05:00,010 you're layering on the value and the knowledge that'll be around 110 00:05:00,040 --> 00:05:02,080 a table for a mastermind. 111 00:05:02,470 --> 00:05:04,450 First thing is the selection of the people. 112 00:05:05,020 --> 00:05:10,120 Second thing I would suggest is size somewhere between four and 113 00:05:10,120 --> 00:05:11,170 six people. 114 00:05:12,070 --> 00:05:16,060 The reason for that is you can have a very small, 115 00:05:16,120 --> 00:05:17,560 intimate discussion. 116 00:05:17,770 --> 00:05:20,140 I know masterminds can get up to 12, 117 00:05:20,170 --> 00:05:21,190 18 people, 118 00:05:21,220 --> 00:05:22,180 which is fine. 119 00:05:22,180 --> 00:05:25,780 If it's more structured and you're actually paying for that structure 120 00:05:25,780 --> 00:05:27,010 where you have a moderator, 121 00:05:27,580 --> 00:05:29,560 but if you're putting your own group together, 122 00:05:29,590 --> 00:05:30,430 keep it smaller. 123 00:05:30,460 --> 00:05:32,350 Four to six would be my advice. 124 00:05:33,340 --> 00:05:35,260 Personalities is the third point. 125 00:05:35,410 --> 00:05:37,510 If you're the one who's putting this together, 126 00:05:37,540 --> 00:05:41,080 you can reach out and we're Nate and organize people who 127 00:05:41,080 --> 00:05:45,070 you already know personalities don't have to match, 128 00:05:45,430 --> 00:05:48,010 but they should blend together. 129 00:05:48,130 --> 00:05:52,420 So they should be compatible because there will come times as 130 00:05:52,420 --> 00:05:54,460 you get to know each other better, 131 00:05:54,460 --> 00:05:56,470 where you might challenge each other and say, 132 00:05:56,470 --> 00:05:59,270 Hey, I think you could be doing more than you're doing. 133 00:05:59,390 --> 00:06:01,730 Or what do you think about doing this? 134 00:06:01,730 --> 00:06:03,020 I know you're afraid to do it, 135 00:06:03,020 --> 00:06:04,490 but make a commitment, 136 00:06:04,910 --> 00:06:06,710 go to that craft show next weekend, 137 00:06:06,980 --> 00:06:07,280 you know, 138 00:06:07,280 --> 00:06:09,290 or, or whatever the case might be. 139 00:06:09,710 --> 00:06:12,920 And you want to have compatible personalities to be able to 140 00:06:12,920 --> 00:06:13,370 do that. 141 00:06:13,880 --> 00:06:18,170 The next thing after you have invited people to be in 142 00:06:18,170 --> 00:06:18,590 the group. 143 00:06:18,620 --> 00:06:21,080 So let's say you've selected your four to six people and 144 00:06:21,080 --> 00:06:21,500 they've said, 145 00:06:21,500 --> 00:06:23,720 yes. So yay for you. 146 00:06:24,290 --> 00:06:27,650 Now let's talk about where you would meet the big value 147 00:06:27,650 --> 00:06:29,630 here is meeting in person. 148 00:06:29,810 --> 00:06:33,260 What we did is selected a local, 149 00:06:33,440 --> 00:06:35,090 no, not local well local, 150 00:06:35,090 --> 00:06:36,830 because it was easy enough to drive to, 151 00:06:37,100 --> 00:06:39,140 and we'd talk over dinner, 152 00:06:39,770 --> 00:06:43,160 nothing wrong with talking business over a glass of wine and 153 00:06:43,160 --> 00:06:44,000 a nice meal, 154 00:06:44,960 --> 00:06:48,290 have a meeting place that all of you will look forward 155 00:06:48,290 --> 00:06:49,160 to going to, 156 00:06:49,760 --> 00:06:53,210 and I suggest that it not be right in your hometown 157 00:06:53,240 --> 00:06:55,790 or right in a popular location. 158 00:06:56,270 --> 00:06:58,220 You want it to be where you can grab your own 159 00:06:58,220 --> 00:07:00,530 table off to the side where people aren't going to be 160 00:07:00,530 --> 00:07:02,810 coming up and saying hi to you every minute, 161 00:07:03,080 --> 00:07:05,780 because this should be considered a business meeting. 162 00:07:05,900 --> 00:07:08,630 You're strategizing with other people about their businesses, 163 00:07:08,660 --> 00:07:12,260 right? So you want it to be uninterrupted time, 164 00:07:12,350 --> 00:07:14,210 albeit fun, 165 00:07:14,270 --> 00:07:15,470 entertaining time, 166 00:07:15,500 --> 00:07:16,580 which is what you can do. 167 00:07:16,640 --> 00:07:16,880 You know, 168 00:07:16,880 --> 00:07:19,820 if you're doing this over a meal that's location, 169 00:07:20,270 --> 00:07:24,410 you want to make sure that it's an atmosphere that allows 170 00:07:24,440 --> 00:07:26,510 some level of privacy. 171 00:07:26,540 --> 00:07:28,760 Because if you're talking about something that's personal, 172 00:07:29,030 --> 00:07:31,370 you don't want the table over to be able to hear 173 00:07:31,370 --> 00:07:34,100 that. Now with social distancing lately, 174 00:07:34,100 --> 00:07:36,080 that's become less of an issue, 175 00:07:36,380 --> 00:07:38,870 but it's something to think about when you're thinking about a 176 00:07:38,870 --> 00:07:41,900 location. Now you've picked your location. 177 00:07:42,650 --> 00:07:47,090 Let's talk about the schedule we used to meet monthly and 178 00:07:47,090 --> 00:07:51,170 monthly. I felt was a really good timeframe because it was 179 00:07:51,170 --> 00:07:54,770 enough time for people to accomplish things that they decided they 180 00:07:54,770 --> 00:07:57,320 were going to get taken care of and done. 181 00:07:57,410 --> 00:07:59,900 And then they can report back within four weeks. 182 00:07:59,930 --> 00:08:03,470 Right? But it's not too much where you're going too far. 183 00:08:03,470 --> 00:08:04,790 Like if you met quarterly, 184 00:08:04,790 --> 00:08:06,920 I don't think that that's enough for a mastermind. 185 00:08:07,280 --> 00:08:07,940 So monthly, 186 00:08:07,940 --> 00:08:09,680 I think is perfect. 187 00:08:10,100 --> 00:08:13,250 And what we did is we said the second Tuesday of 188 00:08:13,250 --> 00:08:13,820 every month, 189 00:08:13,970 --> 00:08:15,050 something specific, 190 00:08:15,050 --> 00:08:18,290 so we could get it in our calendar right away. 191 00:08:18,620 --> 00:08:20,510 Everybody knew that that was the date. 192 00:08:20,660 --> 00:08:22,130 And I'll tell you, 193 00:08:22,610 --> 00:08:25,040 we were so committed to each other. 194 00:08:25,340 --> 00:08:30,320 That pretty much nothing overrode those dates, 195 00:08:30,410 --> 00:08:33,320 unless like you're out at a show which you can't change 196 00:08:33,320 --> 00:08:34,460 the dates of a show. 197 00:08:34,760 --> 00:08:36,320 Something happens with illnesses, 198 00:08:36,320 --> 00:08:37,220 that type of thing. 199 00:08:37,460 --> 00:08:38,480 We were really, 200 00:08:38,540 --> 00:08:41,930 really committed to being there for ourselves, 201 00:08:41,930 --> 00:08:43,760 but more for each other, 202 00:08:44,180 --> 00:08:46,400 by being able to put those dates in your calendar, 203 00:08:46,400 --> 00:08:47,480 right from the start, 204 00:08:47,480 --> 00:08:50,030 you're more likely to be able to honor those dates. 205 00:08:50,390 --> 00:08:53,360 Okay. So you all get together around a table. 206 00:08:53,660 --> 00:08:54,920 Now, what are you going to talk about? 207 00:08:55,410 --> 00:08:57,330 The best thing to do when you're just starting, 208 00:08:57,360 --> 00:09:01,680 obviously, as you have to learn about each other and gain 209 00:09:01,680 --> 00:09:03,390 a level of trust with each other, 210 00:09:03,750 --> 00:09:04,620 go around the table. 211 00:09:04,620 --> 00:09:07,530 Talk about your businesses a little bit about your family, 212 00:09:07,530 --> 00:09:10,740 because business does include personal life. 213 00:09:10,770 --> 00:09:13,080 Obviously get to know each other. 214 00:09:13,080 --> 00:09:14,640 And this takes a little bit of time. 215 00:09:14,640 --> 00:09:17,310 And over the course of meetings, 216 00:09:17,310 --> 00:09:22,440 your trust will develop and then talk about where your business 217 00:09:22,440 --> 00:09:25,380 is and what you're trying to achieve, 218 00:09:25,410 --> 00:09:28,620 or what your biggest challenges next. 219 00:09:29,040 --> 00:09:30,030 And then get feedback. 220 00:09:30,390 --> 00:09:33,030 It's like being on a hot seat where you are now 221 00:09:33,030 --> 00:09:37,170 talking about your business and you're offering up a topic to 222 00:09:37,170 --> 00:09:41,820 everybody that the table to give input on what ideas might 223 00:09:41,820 --> 00:09:46,920 they have brainstorming and conversation at each meeting. 224 00:09:46,980 --> 00:09:48,720 And this is another reason why you want to keep it 225 00:09:48,720 --> 00:09:51,690 between four and six people at each meeting, 226 00:09:52,020 --> 00:09:54,330 everybody gets to talk, 227 00:09:55,020 --> 00:10:00,660 okay? So everybody is giving help and everyone is getting help 228 00:10:00,690 --> 00:10:02,010 for their situations. 229 00:10:02,490 --> 00:10:04,350 And then when you get really comfortable, 230 00:10:04,620 --> 00:10:06,480 then you start holding people accountable. 231 00:10:07,020 --> 00:10:07,590 So you say, 232 00:10:07,680 --> 00:10:08,070 all right, 233 00:10:08,070 --> 00:10:10,080 this is what you said you were going to do by 234 00:10:10,080 --> 00:10:11,670 next time we meet, 235 00:10:12,360 --> 00:10:13,530 I want to know if it's done. 236 00:10:13,650 --> 00:10:17,670 And so then there's linkage between each meeting because one person, 237 00:10:17,670 --> 00:10:19,410 what they said they were going to do, 238 00:10:19,410 --> 00:10:21,420 then the next time you follow up and say, 239 00:10:21,420 --> 00:10:22,410 well, how did it go? 240 00:10:22,920 --> 00:10:24,600 What stumbling blocks did you have? 241 00:10:25,140 --> 00:10:26,040 Is it all done? 242 00:10:26,100 --> 00:10:27,870 What are you moving onto next? 243 00:10:27,870 --> 00:10:30,720 So that's where that whole accountability comes in. 244 00:10:31,200 --> 00:10:34,260 There are also times maybe where you'll decide we're going to 245 00:10:34,260 --> 00:10:37,140 tackle a topic that we all need to do. 246 00:10:37,560 --> 00:10:40,080 There was a point where I was talking about my business 247 00:10:40,080 --> 00:10:42,750 plan and everyone else's like business plan. 248 00:10:42,750 --> 00:10:43,950 What's a business plan. 249 00:10:43,950 --> 00:10:45,360 Why do you need a business plan? 250 00:10:45,360 --> 00:10:46,170 What is that? 251 00:10:46,170 --> 00:10:51,780 Anyway? And I have a whole different feeling today about business 252 00:10:51,780 --> 00:10:53,070 plans than I did then, 253 00:10:53,100 --> 00:10:56,910 but that led into each of us creating a business plan, 254 00:10:57,180 --> 00:10:58,140 not just to have on paper, 255 00:10:58,140 --> 00:10:59,160 to put on a shelf, 256 00:10:59,160 --> 00:11:00,540 never to look at it again, 257 00:11:00,840 --> 00:11:03,360 but to use as a working document, 258 00:11:03,360 --> 00:11:05,550 to guide our business forward for the year. 259 00:11:05,820 --> 00:11:07,530 That was a really interesting year. 260 00:11:07,530 --> 00:11:08,490 When we did those, 261 00:11:09,030 --> 00:11:11,280 you can see that you can start with topic that you 262 00:11:11,280 --> 00:11:14,520 are all going to share or each individual person what you're 263 00:11:14,520 --> 00:11:15,810 encountering in your business, 264 00:11:15,810 --> 00:11:18,420 where your challenges are and what are the next steps. 265 00:11:18,990 --> 00:11:22,890 We went through a whole bunch of different types of things 266 00:11:22,890 --> 00:11:25,020 that you may never encounter in your business, 267 00:11:25,320 --> 00:11:27,570 but how great is it to be able to be supportive 268 00:11:27,600 --> 00:11:30,840 and willing to help another person with what's going on in 269 00:11:30,840 --> 00:11:33,210 their business and knowledge, 270 00:11:33,600 --> 00:11:34,380 intimate knowledge, 271 00:11:34,410 --> 00:11:38,580 I'll say behind the scenes of other businesses strengthened to you 272 00:11:38,580 --> 00:11:39,990 as a business owner as well. 273 00:11:40,770 --> 00:11:44,130 Obviously there's a level of trust. 274 00:11:44,160 --> 00:11:46,620 We never signed a nondisclosure agreements. 275 00:11:46,950 --> 00:11:48,600 You may decide that you need to, 276 00:11:48,930 --> 00:11:50,190 but the value of this, 277 00:11:50,190 --> 00:11:53,680 I cannot overstate when you get to the point where you 278 00:11:53,680 --> 00:11:57,760 can be so honest about your businesses with each other and 279 00:11:57,760 --> 00:12:01,660 how much you can help another person move their business forward. 280 00:12:01,990 --> 00:12:05,650 And they can give you advice and confidence so that you 281 00:12:05,650 --> 00:12:07,000 can move your business forward. 282 00:12:07,660 --> 00:12:10,780 And the final part to all of this is celebrating your 283 00:12:10,780 --> 00:12:14,890 successes. When you have a group of people who know how 284 00:12:14,950 --> 00:12:18,040 much work it was to reach a new milestone in your 285 00:12:18,040 --> 00:12:19,750 business, not only that, 286 00:12:19,750 --> 00:12:23,080 but they might have contributed to helping you get there. 287 00:12:23,530 --> 00:12:27,340 The feeling of success for all of you at the table 288 00:12:27,340 --> 00:12:28,780 in the mastermind is great. 289 00:12:29,020 --> 00:12:29,290 I mean, 290 00:12:29,290 --> 00:12:33,370 I was sometimes even happier for other people's achievements than my 291 00:12:33,370 --> 00:12:36,640 own because I knew how hard it was and what an 292 00:12:36,670 --> 00:12:39,760 obstacle it had been for them to be able to get 293 00:12:39,760 --> 00:12:40,570 to where they were. 294 00:12:41,050 --> 00:12:45,550 So these are all benefits of creating your own masterminds. 295 00:12:45,970 --> 00:12:49,150 And I don't mean to say here or discount in any 296 00:12:49,150 --> 00:12:52,210 way, masterminds that you might invest in. 297 00:12:52,420 --> 00:12:54,760 I think there are different things you can get out of 298 00:12:54,760 --> 00:12:56,200 those types of masterminds. 299 00:12:56,470 --> 00:13:01,360 Then you can get with creating your very own local mastermind. 300 00:13:01,840 --> 00:13:03,280 So let me summarize again, 301 00:13:03,340 --> 00:13:07,240 what the steps would be and the different points to creating 302 00:13:07,240 --> 00:13:08,260 one for yourself. 303 00:13:08,290 --> 00:13:10,900 So you're the leader you're taking control. 304 00:13:11,260 --> 00:13:13,060 You're going to create a mastermind. 305 00:13:13,180 --> 00:13:16,150 The first thing to do is the selection of people. 306 00:13:16,690 --> 00:13:20,860 Look for people who come from different industries and possible multiple 307 00:13:20,860 --> 00:13:22,930 backgrounds within their past experience, 308 00:13:23,230 --> 00:13:26,020 because they're just bringing more information to the table that you 309 00:13:26,020 --> 00:13:27,040 guys can tap into. 310 00:13:27,760 --> 00:13:28,840 Secondly, size, 311 00:13:28,870 --> 00:13:30,490 keep it four to six people. 312 00:13:30,940 --> 00:13:36,700 Third personalities doesn't mean that everybody is a similar match of 313 00:13:36,700 --> 00:13:37,630 a personality, 314 00:13:37,900 --> 00:13:39,790 but everyone blends together. 315 00:13:39,850 --> 00:13:42,130 Like you don't want someone who's dominating. 316 00:13:42,250 --> 00:13:44,470 The conversation is always talking. 317 00:13:44,800 --> 00:13:47,800 You also want people who are all givers in one way 318 00:13:47,800 --> 00:13:48,490 or another. 319 00:13:49,150 --> 00:13:50,890 Oh, I forgot to talk about this earlier. 320 00:13:51,250 --> 00:13:52,780 Gender, something to consider. 321 00:13:53,260 --> 00:13:56,920 We were an all female group it's not necessary, 322 00:13:56,920 --> 00:13:59,290 but it's something to think about as you're forming the group, 323 00:13:59,320 --> 00:14:00,670 how you would feel about that, 324 00:14:00,670 --> 00:14:02,740 whether you would want it to be all one gender or 325 00:14:02,740 --> 00:14:04,150 not. If it matters, 326 00:14:04,180 --> 00:14:07,270 whatever, then we talked about the meeting place, 327 00:14:07,480 --> 00:14:10,570 something that is convenient and a fun place where you're looking 328 00:14:10,570 --> 00:14:12,880 forward to going to a place where you're not going to 329 00:14:12,880 --> 00:14:15,130 get interrupted by people who know you and come to your 330 00:14:15,130 --> 00:14:16,840 table and interrupt you all the time, 331 00:14:17,680 --> 00:14:18,850 then set a schedule. 332 00:14:19,000 --> 00:14:22,600 I personally liked the monthly and put it on the calendar. 333 00:14:22,630 --> 00:14:24,850 So everyone knows that these are dates. 334 00:14:24,850 --> 00:14:27,040 We are committing to each other as a group. 335 00:14:27,280 --> 00:14:27,880 Like I said, 336 00:14:27,880 --> 00:14:28,900 we were over dinner. 337 00:14:28,900 --> 00:14:32,170 So our meetings were two and a half, 338 00:14:32,170 --> 00:14:33,040 three hours, 339 00:14:33,310 --> 00:14:34,690 but maybe you have a time limit. 340 00:14:34,690 --> 00:14:38,440 It's an hour and a half a timeframe where you can 341 00:14:38,440 --> 00:14:40,060 get into the issues deep enough. 342 00:14:40,300 --> 00:14:42,850 And that also everybody gets a chance to talk. 343 00:14:42,880 --> 00:14:44,230 That's really important. 344 00:14:44,740 --> 00:14:47,140 Then topics you go around. 345 00:14:47,140 --> 00:14:49,600 And if you don't have a specific topic that you're working 346 00:14:49,600 --> 00:14:53,240 on, then have everybody talk about what they've achieved within the 347 00:14:53,240 --> 00:14:56,720 last month and then where their challenges are or what they're 348 00:14:56,720 --> 00:14:59,150 working on for the next 30 days. 349 00:14:59,540 --> 00:15:00,770 It could be something big. 350 00:15:00,770 --> 00:15:02,060 It could be something little, 351 00:15:02,060 --> 00:15:03,830 it could be part of a project. 352 00:15:04,160 --> 00:15:06,740 It really depends on where everybody is at that time. 353 00:15:07,190 --> 00:15:10,610 And then of course celebrating the successes. 354 00:15:11,300 --> 00:15:14,450 Michelle's asking what if you're a newbie business owner and you 355 00:15:14,450 --> 00:15:16,430 feel you have nothing to contribute. 356 00:15:16,460 --> 00:15:17,390 This is a good point, 357 00:15:17,390 --> 00:15:19,070 Michelle, and something that I didn't bring up, 358 00:15:19,760 --> 00:15:25,160 I find that masterminds are best if everybody is somewhat at 359 00:15:25,160 --> 00:15:26,900 the same level in business. 360 00:15:27,230 --> 00:15:28,970 So if you're a business newbie, 361 00:15:29,120 --> 00:15:33,200 then I would match up with other people who have been 362 00:15:33,200 --> 00:15:35,450 in business for a year or less. 363 00:15:35,990 --> 00:15:37,010 When you don't do that, 364 00:15:37,010 --> 00:15:40,430 when you have more established business owners and then newbies, 365 00:15:40,850 --> 00:15:44,090 what happens is most of the time the established people are 366 00:15:44,120 --> 00:15:47,600 coaching and there's not as much value for that other person. 367 00:15:47,990 --> 00:15:49,850 The best thing is to try and keep it on the 368 00:15:49,850 --> 00:15:53,000 same level of time into a business. 369 00:15:53,030 --> 00:15:54,290 As you possibly can. 370 00:15:55,430 --> 00:15:58,520 You don't have to wait for someone to invite you into 371 00:15:58,520 --> 00:15:59,420 a mastermind. 372 00:15:59,630 --> 00:16:02,960 You don't have to wait to have enough money to join 373 00:16:02,960 --> 00:16:04,640 an already structured mastermind. 374 00:16:04,850 --> 00:16:08,960 You can control this yourself and reap all the benefits that 375 00:16:08,960 --> 00:16:10,580 a mastermind can offer. 376 00:16:12,920 --> 00:16:13,850 That's a wrap. 377 00:16:14,210 --> 00:16:16,070 I'm a get to the point kind of girl. 378 00:16:16,220 --> 00:16:19,010 And this is what you can expect from these quick midweek 379 00:16:19,010 --> 00:16:24,080 sessions. Now it's your turn go out and fulfill that dream 380 00:16:24,080 --> 00:16:24,830 of yours. 381 00:16:25,160 --> 00:16:27,320 Share your handmade products with us. 382 00:16:27,590 --> 00:16:28,520 We want them, 383 00:16:28,700 --> 00:16:31,610 and they bring us both so much happiness.