hi I’m Evan Carmichael welcome to an edition of ask Evan today I mention a
edition of ask Evan today I mention a
edition of ask Evan today I mention a question from one of our YouTube viewers
question from one of our YouTube viewers
question from one of our YouTube viewers G West Oh want one who wrote in asking
G West Oh want one who wrote in asking
G West Oh want one who wrote in asking about mastermind groups and the question
about mastermind groups and the question
about mastermind groups and the question is I have a question that I would love
is I have a question that I would love
is I have a question that I would love for you to comment on I was recently
for you to comment on I was recently
for you to comment on I was recently reading a book that talked about the
reading a book that talked about the
reading a book that talked about the mastermind circle how can I get or find
mastermind circle how can I get or find
mastermind circle how can I get or find people that I can bounce ideas off of
people that I can bounce ideas off of
people that I can bounce ideas off of and give advice to so thanks for the
and give advice to so thanks for the
and give advice to so thanks for the question
question
question awesome question I’m a firm believer in
awesome question I’m a firm believer in
awesome question I’m a firm believer in mastermind groups and I’ve been running
mastermind groups and I’ve been running
mastermind groups and I’ve been running a couple of them here in Toronto for the
a couple of them here in Toronto for the
a couple of them here in Toronto for the past seven years I want to say one of
past seven years I want to say one of
past seven years I want to say one of the things that I’ve done as part of the
the things that I’ve done as part of the
the things that I’ve done as part of the website is we interview famous and
website is we interview famous and
website is we interview famous and successful entrepreneurs and one of the
successful entrepreneurs and one of the
successful entrepreneurs and one of the entrepreneur’s were interviewed from
entrepreneur’s were interviewed from
entrepreneur’s were interviewed from Western Canada has built this company
Western Canada has built this company
Western Canada has built this company from 0 to 8 million a couple of years
from 0 to 8 million a couple of years
from 0 to 8 million a couple of years and he credited his success to starting
and he credited his success to starting
and he credited his success to starting mastermind groups and so that got me
mastermind groups and so that got me
mastermind groups and so that got me interested in the concept as well as
interested in the concept as well as
interested in the concept as well as reading Think and Grow Rich we actually
reading Think and Grow Rich we actually
reading Think and Grow Rich we actually created a worksheet on it so there’s
created a worksheet on it so there’s
created a worksheet on it so there’s information how to launch and create
information how to launch and create
information how to launch and create your own mastermind group but in terms
your own mastermind group but in terms
your own mastermind group but in terms of kind of high-level overview of what
of kind of high-level overview of what
of kind of high-level overview of what to do first I would look at you know are
to do first I would look at you know are
to do first I would look at you know are there any groups in your area already
there any groups in your area already
there any groups in your area already that exist and if there are it may be
that exist and if there are it may be
that exist and if there are it may be worth investigating those instead of
worth investigating those instead of
worth investigating those instead of creating your own because there’s a lot
creating your own because there’s a lot
creating your own because there’s a lot of headache work hassle and men in
of headache work hassle and men in
of headache work hassle and men in setting up a group so there’s something
setting up a group so there’s something
setting up a group so there’s something that exists then that might be worth
that exists then that might be worth
that exists then that might be worth investigating
investigating
investigating I really prefer meetings in person I
I really prefer meetings in person I
I really prefer meetings in person I know there are a lot of mass time groups
know there are a lot of mass time groups
know there are a lot of mass time groups that meet online or by phone and they
that meet online or by phone and they
that meet online or by phone and they can work but my personal preference is
can work but my personal preference is
can work but my personal preference is to have ones that where you’re actually
to have ones that where you’re actually
to have ones that where you’re actually meeting face-to-face and I think the
meeting face-to-face and I think the
meeting face-to-face and I think the reason is you get to know people a lot
reason is you get to know people a lot
reason is you get to know people a lot better when you’re sitting across from
better when you’re sitting across from
better when you’re sitting across from the table from them and also you have
the table from them and also you have
the table from them and also you have people’s attention it’s too easy when
people’s attention it’s too easy when
people’s attention it’s too easy when you’re on the phone or online to get
you’re on the phone or online to get
you’re on the phone or online to get distracted check email to now go you
distracted check email to now go you
distracted check email to now go you know check Facebook or some other
know check Facebook or some other
know check Facebook or some other website and you hear clicking always
website and you hear clicking always
website and you hear clicking always happening on the computer so I prefer to
happening on the computer so I prefer to
happening on the computer so I prefer to have it in person but again explore your
have it in person but again explore your
have it in person but again explore your options see what’s out there if there’s
options see what’s out there if there’s
options see what’s out there if there’s nothing available in terms of creating
nothing available in terms of creating
nothing available in terms of creating your own group I try to think about the
your own group I try to think about the
your own group I try to think about the types of people that you want to have as
types of people that you want to have as
types of people that you want to have as members and when I first created my
members and when I first created my
members and when I first created my first group I did it by approaching a
first group I did it by approaching a
first group I did it by approaching a few of my friends who are entrepreneurs
few of my friends who are entrepreneurs
few of my friends who are entrepreneurs who I met with every now and then to
who I met with every now and then to
who I met with every now and then to talk about business I thought if we had
talk about business I thought if we had
talk about business I thought if we had a formal structure where we met
a formal structure where we met
a formal structure where we met you know once a month to talk about our
you know once a month to talk about our
you know once a month to talk about our businesses that would be helpful to
businesses that would be helpful to
businesses that would be helpful to everybody and so a number of them agreed
everybody and so a number of them agreed
everybody and so a number of them agreed and we started the first group around
and we started the first group around
and we started the first group around that and then we expanded by bringing
that and then we expanded by bringing
that and then we expanded by bringing new people in so I started with people
new people in so I started with people
new people in so I started with people who are already kind of knew who I
who are already kind of knew who I
who are already kind of knew who I wanted to tap and connect with on an
wanted to tap and connect with on an
wanted to tap and connect with on an ongoing basis so think about the people
ongoing basis so think about the people
ongoing basis so think about the people who you’ve met with in the past to talk
who you’ve met with in the past to talk
who you’ve met with in the past to talk about business and may have gotten a few
about business and may have gotten a few
about business and may have gotten a few ideas from them and you know they you’ve
ideas from them and you know they you’ve
ideas from them and you know they you’ve given a few ideas to them as well that
given a few ideas to them as well that
given a few ideas to them as well that could be a great way to start from there
could be a great way to start from there
could be a great way to start from there I create even just a simple website and
I create even just a simple website and
I create even just a simple website and most of the people who find our groups
most of the people who find our groups
most of the people who find our groups now find it through the web whatever
now find it through the web whatever
now find it through the web whatever area are in like say you’re in Portland
area are in like say you’re in Portland
area are in like say you’re in Portland if you created a website that had a page
if you created a website that had a page
if you created a website that had a page that said Portland mastermind group
that said Portland mastermind group
that said Portland mastermind group anybody searching for that kind of stuff
anybody searching for that kind of stuff
anybody searching for that kind of stuff is gonna find you and chances are this
is gonna find you and chances are this
is gonna find you and chances are this if you’ve already done your research and
if you’ve already done your research and
if you’ve already done your research and you haven’t joined another group because
you haven’t joined another group because
you haven’t joined another group because there’s nothing there
there’s nothing there
there’s nothing there anybody who’s searching for that is
anybody who’s searching for that is
anybody who’s searching for that is gonna find you and so for us if people
gonna find you and so for us if people
gonna find you and so for us if people search you know Toronto mastermind group
search you know Toronto mastermind group
search you know Toronto mastermind group or Toronto peer mentorship group or
or Toronto peer mentorship group or
or Toronto peer mentorship group or Toronto entrepreneur group the page
Toronto entrepreneur group the page
Toronto entrepreneur group the page shows up and people self-identify and
shows up and people self-identify and
shows up and people self-identify and write in to say I’m interested in
write in to say I’m interested in
write in to say I’m interested in joining this group we have some
joining this group we have some
joining this group we have some information on there and people end up
information on there and people end up
information on there and people end up coming in you know potentially as
coming in you know potentially as
coming in you know potentially as members of the group there’s a whole
members of the group there’s a whole
members of the group there’s a whole process that we go through to make sure
process that we go through to make sure
process that we go through to make sure we get the right people in the group you
we get the right people in the group you
we get the right people in the group you don’t want the wrong dynamics or the
don’t want the wrong dynamics or the
don’t want the wrong dynamics or the wrong types of people in the group
wrong types of people in the group
wrong types of people in the group because I can bring the whole thing down
because I can bring the whole thing down
because I can bring the whole thing down you have two people who don’t like each
you have two people who don’t like each
you have two people who don’t like each other so you have to really make sure
other so you have to really make sure
other so you have to really make sure you do a lot of qualifying going through
you do a lot of qualifying going through
you do a lot of qualifying going through that whole process I guess is another
that whole process I guess is another
that whole process I guess is another another video we answered in the
another video we answered in the
another video we answered in the worksheet as well but in terms of
worksheet as well but in terms of
worksheet as well but in terms of finding people to come into the group
finding people to come into the group
finding people to come into the group I again start with my friends people who
I again start with my friends people who
I again start with my friends people who ie who I knew who I found some advice
ie who I knew who I found some advice
ie who I knew who I found some advice helpful to and who I was able to help as
helpful to and who I was able to help as
helpful to and who I was able to help as well and then expand it by creating a
well and then expand it by creating a
well and then expand it by creating a simple website that explained what we
simple website that explained what we
simple website that explained what we were about explain the types of people
were about explain the types of people
were about explain the types of people were looking for and you want to be
were looking for and you want to be
were looking for and you want to be really clear on the types of members you
really clear on the types of members you
really clear on the types of members you want you know do you want startup
want you know do you want startup
want you know do you want startup entrepreneurs you want people who are
entrepreneurs you want people who are
entrepreneurs you want people who are beyond the setup stage you can have a
beyond the setup stage you can have a
beyond the setup stage you can have a minimum revenue criteria or employee
minimum revenue criteria or employee
minimum revenue criteria or employee criteria are there’s types of businesses
criteria are there’s types of businesses
criteria are there’s types of businesses you want to have certain industries that
you want to have certain industries that
you want to have certain industries that you want to have or don’t want to have
you want to have or don’t want to have
you want to have or don’t want to have the more you can clearly lay that out
the more you can clearly lay that out
the more you can clearly lay that out the more people can self-identify and
the more people can self-identify and
the more people can self-identify and won’t waste your time and won’t waste
won’t waste your time and won’t waste
won’t waste your time and won’t waste their time as well so for us for example
their time as well so for us for example
their time as well so for us for example we looked for members who are beyond the
we looked for members who are beyond the
we looked for members who are beyond the startup stage have $300,000 plus in
startup stage have $300,000 plus in
startup stage have $300,000 plus in revenues and so that helps eliminate a
revenues and so that helps eliminate a
revenues and so that helps eliminate a lot of people who may not be at that
lot of people who may not be at that
lot of people who may not be at that point yet so I don’t want to waste their
point yet so I don’t want to waste their
point yet so I don’t want to waste their time and coming in to a meeting and you
time and coming in to a meeting and you
time and coming in to a meeting and you know use up my time as well when it’s
know use up my time as well when it’s
know use up my time as well when it’s obviously not going to be a fit for the
obviously not going to be a fit for the
obviously not going to be a fit for the group so the more you can be clear about
group so the more you can be clear about
group so the more you can be clear about that criteria the easier it is for
that criteria the easier it is for
that criteria the easier it is for people to self-identify before they even
people to self-identify before they even
people to self-identify before they even write to you but having a simple website
write to you but having a simple website
write to you but having a simple website that can be found in the search engines
that can be found in the search engines
that can be found in the search engines people will start coming to you and you
people will start coming to you and you
people will start coming to you and you can go through your process before
can go through your process before
can go through your process before bringing them into the group again a
bringing them into the group again a
bringing them into the group again a super helpful tool one that I definitely
super helpful tool one that I definitely
super helpful tool one that I definitely recommend for is to go through because
recommend for is to go through because
recommend for is to go through because it’s it’s hard and it’s lonely and I
it’s it’s hard and it’s lonely and I
it’s it’s hard and it’s lonely and I find with the mastermind group that the
find with the mastermind group that the
find with the mastermind group that the two benefits are one you get the bounce
two benefits are one you get the bounce
two benefits are one you get the bounce ideas off each other so you’re thinking
ideas off each other so you’re thinking
ideas off each other so you’re thinking of a problem that you’re facing and if
of a problem that you’re facing and if
of a problem that you’re facing and if you can surround yourself with the team
you can surround yourself with the team
you can surround yourself with the team of people who have different skills than
of people who have different skills than
of people who have different skills than you and different expertise and
you and different expertise and
you and different expertise and different backgrounds they may be able
different backgrounds they may be able
different backgrounds they may be able to help you and stretch you and help you
to help you and stretch you and help you
to help you and stretch you and help you grow beyond what you thought you were
grow beyond what you thought you were
grow beyond what you thought you were able to do which is great and the second
able to do which is great and the second
able to do which is great and the second reason I find them the group’s helpful
reason I find them the group’s helpful
reason I find them the group’s helpful is just a motivation know there’s
is just a motivation know there’s
is just a motivation know there’s something about hanging around other
something about hanging around other
something about hanging around other entrepreneurs that gets you excited and
entrepreneurs that gets you excited and
entrepreneurs that gets you excited and gets your juices flowing and you hear
gets your juices flowing and you hear
gets your juices flowing and you hear what they’re up to and you want to do
what they’re up to and you want to do
what they’re up to and you want to do more and do better and and get out of
more and do better and and get out of
more and do better and and get out of whatever rut that you may be in at the
whatever rut that you may be in at the
whatever rut that you may be in at the time a lot of mantras go through peaks
time a lot of mantras go through peaks
time a lot of mantras go through peaks and valleys you know you get excited
and valleys you know you get excited
and valleys you know you get excited you’re working like crazy you’re on top
you’re working like crazy you’re on top
you’re working like crazy you’re on top of the world and then life sucks
of the world and then life sucks
of the world and then life sucks nothing’s happening you don’t get
nothing’s happening you don’t get
nothing’s happening you don’t get motivated to get up and out of bed it’s
motivated to get up and out of bed it’s
motivated to get up and out of bed it’s such a strange existence I guess but
such a strange existence I guess but
such a strange existence I guess but that’s that’s the roller coaster that we
that’s that’s the roller coaster that we
that’s that’s the roller coaster that we ride and I find that being around other
ride and I find that being around other
ride and I find that being around other entrepreneurs gets the motivation going
entrepreneurs gets the motivation going
entrepreneurs gets the motivation going gives you ideas give you that spark and
gives you ideas give you that spark and
gives you ideas give you that spark and we always leave the meeting motivated
we always leave the meeting motivated
we always leave the meeting motivated energized want to go out and achieve new
energized want to go out and achieve new
energized want to go out and achieve new things with our businesses
things with our businesses
things with our businesses so it can be definitely lonely being an
so it can be definitely lonely being an
so it can be definitely lonely being an entrepreneur you may have friends and
entrepreneur you may have friends and
entrepreneur you may have friends and family who understand what you’re doing
family who understand what you’re doing
family who understand what you’re doing but if they’re not entrepreneurs they
but if they’re not entrepreneurs they
but if they’re not entrepreneurs they can’t really give you advice like they
can’t really give you advice like they
can’t really give you advice like they can maybe give you an ear they can
can maybe give you an ear they can
can maybe give you an ear they can listen to your problems but they can’t
listen to your problems but they can’t
listen to your problems but they can’t really help you and if you even if you
really help you and if you even if you
really help you and if you even if you have staff or partner can often be hard
have staff or partner can often be hard
have staff or partner can often be hard to talk to them about the problems that
to talk to them about the problems that
to talk to them about the problems that you’re facing in your business and so
you’re facing in your business and so
you’re facing in your business and so having an external group people to to
having an external group people to to
having an external group people to to turn to is awesome my last bit of advice
turn to is awesome my last bit of advice
turn to is awesome my last bit of advice is on the selection side really make
is on the selection side really make
is on the selection side really make sure you do your work in qualifying
sure you do your work in qualifying
sure you do your work in qualifying people and you know both from us size of
people and you know both from us size of
people and you know both from us size of business and type of business but also a
business and type of business but also a
business and type of business but also a personality point of view we’re never in
personality point of view we’re never in
personality point of view we’re never in a rush to bring members into the group
a rush to bring members into the group
a rush to bring members into the group well we’ll start with with four and
well we’ll start with with four and
well we’ll start with with four and build it to eight as a maximum but we’re
build it to eight as a maximum but we’re
build it to eight as a maximum but we’re happy to stick to four you know my
happy to stick to four you know my
happy to stick to four you know my groups now are eight and six with two
groups now are eight and six with two
groups now are eight and six with two potential people coming in but it’s
potential people coming in but it’s
potential people coming in but it’s never a rush the group with eight that
never a rush the group with eight that
never a rush the group with eight that sold out we were at seven for a year and
sold out we were at seven for a year and
sold out we were at seven for a year and a half just because they did love the
a half just because they did love the
a half just because they did love the each other yes we had an open spot but
each other yes we had an open spot but
each other yes we had an open spot but there was never a rush to fill that spot
there was never a rush to fill that spot
there was never a rush to fill that spot it had to be the right person and so
it had to be the right person and so
it had to be the right person and so it’s much more valuable to get the right
it’s much more valuable to get the right
it’s much more valuable to get the right people in the group and have fewer
people in the group and have fewer
people in the group and have fewer people and just have somebody in the
people and just have somebody in the
people and just have somebody in the chair because they’re an extra space and
chair because they’re an extra space and
chair because they’re an extra space and you want to try to get it up to eight or
you want to try to get it up to eight or
you want to try to get it up to eight or ten or however many people you want in
ten or however many people you want in
ten or however many people you want in your group so hopefully that helps again
your group so hopefully that helps again
your group so hopefully that helps again love the concept and and I think it
love the concept and and I think it
love the concept and and I think it could be helpful for you and for any
could be helpful for you and for any
could be helpful for you and for any entrepreneur who’s watching so thank you
entrepreneur who’s watching so thank you
entrepreneur who’s watching so thank you guys for watching this video if you
guys for watching this video if you
guys for watching this video if you liked it please give it a thumbs up
liked it please give it a thumbs up
liked it please give it a thumbs up below I’d also love to hear what you
below I’d also love to hear what you
below I’d also love to hear what you have to think if you have a comment
have to think if you have a comment
have to think if you have a comment about this video or question about your
about this video or question about your
about this video or question about your own business that I can answer for you
own business that I can answer for you
own business that I can answer for you feel free to leave in the comment
feel free to leave in the comment
feel free to leave in the comment section below I always read those and I
section below I always read those and I
section below I always read those and I try to respond as quickly as I can and
try to respond as quickly as I can and
try to respond as quickly as I can and I’d love to hopefully one day answer a
I’d love to hopefully one day answer a
I’d love to hopefully one day answer a question from you about your business so
question from you about your business so
question from you about your business so thank you and I’ll see you on the next
thank you and I’ll see you on the next
thank you and I’ll see you on the next episode
”
Be First to Comment