"> 5 Ways Joining a Mastermind Group Can Set You Up for Success - Kim Ellet

5 Ways Joining a Mastermind Group Can Set You Up for Success

In his book, Think and Grow Rich, Napoleon Hill wrote about the mastermind group principle as: “The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.”

One of the most common issues facing small business owners is that feeling that the daily business operations depend too much on them. Business owners often feel isolated and greatly benefit from the power of working within a peer-group, as well as with a professional business coach, to facilitate structured idea sharing, best practices, collaboration, and accountability.

Benefits of joining The Growth Coach Mastermind Roundtable:

  1. Brainstorming two heads are better than one and a group of successful peers can stir creativity and bring forth new perspectives and solutions. One of the members in a group I work with (let’s call him Bob) shared a thorny situation about a problem employee on his staff who happens to be good friends with the CEO.  The group helped identify a few key issues in this situation:  the employee not doing his job; the job duties not being performed; the relationship the employee has with the CEO and how approaching the CEO could impact Bob’s continued employment.  After idea sharing from the group, Bob came away with a list of possible solutions and was able to choose two or three best options to pursue. He was very grateful for the broad perspective and specific suggestions by his peers. 


  1. Feedbackreceive advice on top issues your business is currently facing. Participants have raised a wide variety of topics, such as needing to re-name their business due to a change in partnership status or how to best handle a long-term client who owes money.  Since it’s usually best not to bring up these kinds of concerns with employees, this type of peer support and group feedback is very valuable. It’s comforting to know that other business leaders have had similar issues, and to learn how their peers have handled these situations.


  1. Focus, clarity, and accountabilitythe Mastermind format relies heavily on a skilled and experienced facilitator. The process itself promotes critical thinking and reduces the “free-for-all” environment that sometimes accompanies a group discussion. “I like that the members who share at the meeting physically take with them the solutions provided by the group. I also like that each meeting starts with a recap of those solutions from the previous meeting. The follow up and feedback about the suggested solutions provides greater accountability for everyone involved,” says Erik Sizemore, Division VP of Impact Employment Solutions.   


  1. Think bigger – as you gain confidence with peer support and feedback you can take on a bigger vision and think outside the box. One member shared her experience of finally writing and publishing a book that she had been thinking about for several years. She credits the support and encouragement of her Mastermind group in helping her realize an even bigger dream than she previously thought possible.  When you have a group who believes in you, and you believe in yourself, you can be unstoppable! 


  1. ConnectionsDevelop deep and lasting connections with some incredible people. Typically a Mastermind Roundtable group stays together for at least 6 months and more often a year or more.  Over time relationships develop, trust is built, and lasting friendships and networks are created.

The Growth Coach Mastermind Roundtable for busy leaders, sole proprietors, and business owners meets monthly on the fourth Thursday from 11:30 – 1:30 at Roam Galleria.  Space is limited to 10 participants.  Apply now for 3rd Quarter:  July, August, September dates.

Apply here: http://bit.ly/Quarter3Mastermind


by Kim Ellet, CPC, The Growth Coach of Metro Atlanta

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My background in sales; marketing, public relations, and advocacy, spans small business, start-up, non-profit and franchises. I've led teams and coached individual business owners to maximize their productivity and regain their enthusiasm for their work and their lives.


“I’ve been working with Kim Ellet in the Strategic Business Owner group coaching program for just a few quarters now and have already seen a 28% increase in my business over prior year. I’ve signed on new clients with larger projects and am achieving my goal of putting together an effective team to support my business growth. Gaining clarity about my business, where I want to go and how to get there has made a really big impact for me so far. It’s exciting to see things happening that I set my sights on early in the process.” ~ Beth Davis Pitt, CPA

Atlanta, GA


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