SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #6  
Old June 10, 2022, 10:28 AM
GordonJ's Avatar
GordonJ GordonJ is offline
Administrator
 
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 3,483
Default A joining of energy too.

Well, we both have had some NOT so successful attempts these past two decades, and the learning was awesome, if not hard on the wallet, eh?

Another thing a Mastermind creates, is an ENERGY, maybe a third or seperate mind, but accountability and FOCUS is a big benefit too.

I think an ideal for me would be several TWO person Masterminds, like you and I have and you have with your brother...and although we had one also with Harvey Brody, which was more of a Mentoring rather than a Mastermind...his were/are mostly transactional.

It is the JOINING of the minds, the harmony created and the energy of the connection where the real power lies.

I'm more along the lines of a doubles team in tennis than a futbol or football team, where the results could be a "weak link" (ala Clev. Browns and Baker Mayfield, superbowl champs on paper, preseason, super chumps at the end)...

In a business, the more links you have the more likely it is one of them will either break down, or underperform and there is the getting the TIME for everyone to be a part of the mastermind meetings.

I think TEAMS in business of two people, maybe 3 will outperform teams of 5 or more almost every day of the week.

Joint Ventures can be a form of a Mastermind group, if both have skin in the game and want the same results.

So doubles in tennis over soccer, and although I root for the Browns, I never ever put any moolah on them, after all, Cleveland is the mistake on the lake (LeBron being the outlier/exception in Cleve. Sports history).

Gordon




Quote:
Originally Posted by Dien Rice View Post
Hi Gordon,

I agree with you... Two or three in a Mastermind works best...

I have been part of a Mastermind which was five of us working together in a business. I put the group together, but we were all peers...

It was a combination of a finance business - the money transfer industry - plus software which we developed ourselves. I brought the money transfer people, and the software people together, and placed myself in the group too... In a way where they couldn't remove me easily. (Since if people can bypass you - so they get more money themselves - they will!) That's where the "toll position" concept came in handy...!

The group itself worked well - but the business, unfortunately, failed (due to external circumstances beyond our control)...

I don't plan to do that again, though! (If I do, please call Bellevue...) It was a lot of work, and in this case, it didn't work out in the end... I think nowadays, I prefer to keep it simple...

Best wishes,

Dien
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine)

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 12:33 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.