Episode 102

102: The value of mastermind groups

What could be better than gathering regularly with a group of people as motivated as you are to discuss your projects and get advice? In this episode we discuss mastermind groups and their value. You’ll get advice for finding the right people to start one with, and for running it successfully to get the most value from it.

“Mastermind groups are reciprocal. You can spend a solid 30 minutes getting advice on your project without feeling selfish, because you know in the next half hour you’ll be returning the favour.”

— Charli

Key takeaways

You can meet with a mastermind group virtually, or meet in person. While meeting in person is generally better for creating a connection and commitment, you’ll get value from both so don’t let the fact that you don’t know any motivated creators in your area stop you from starting a mastermind!

 

You don’t have to be best friends with the people in your mastermind group. The best people to start a mastermind with are those who you already know are motivated and working on their own projects, and who you have a mutual respect with. They don’t need to be working in your field or doing something similar in order to be able to give you great advice.

 

If you have a group of people in mind who you’d like to meet with regularly, be the one to suggest it! Perhaps they haven’t heard of a mastermind group before so the thought never crossed their mind. Explain the value of one to them (or share this podcast episode!) and see if they’re interested in trying it out.

 

Online communities are a great place to find members for a mastermind group, but it’s hard to get a deep level of advice in a community setting compared to a mastermind. In a mastermind session your group members can spend longer focussing on solving your problem and they’ll get to know your projects and their context well. 

Show timestamps

00:00 Intro and catch up
05:50 How mastermind groups helped Charli launch her Patreon
08:00 How Femke has learned from her peers
10:30 How do you start a mastermind group?
14:00 Tips for running a successful mastermind group
18:10 Virtual vs IRL mastermind groups
19:00 Paid mastermind groups
20:40 Mastermind groups vs communities
22:50 Advice for asking for feedback
26:30 Planning for a mastermind session and collecting feedback
29:20 Some encouragement to start a mastermind!

Show links

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Show credits

Follow us on Twitter – @DesignLifeFM

Subscribe to Design Life on Apple Podcasts

Our theme tune was created by Camiel van Schoonhoven