Today we talk about the value of mastermind groups for entrepreneurs. Mastermind Groups are all the rage these days. Stop any guru on the street, and they will tell you how great mastermind groups are and that everyone should be in one. But the conversation usually stops there. In this episode, we talk about the three different kinds of mastermind groups that you might encounter, and I tell you about my experience in groups throughout the years.
Feedback From You!
In this episode take a second to thank listeners for feedback about the show. Thanks guys! It really means a lot.
Mastermind Groups For Entrepreneurs
In this episode, I talk all about mastermind groups for entrepreneurs. I've been in many. Some based on live calls, some in forums. Some paid, some free. Some with my peers, and some with my mentors. One thing is for sure, these things are incredibly valuable, and highly recommended.\
Links Mentioned In The Show
My Softball Team http://latenightim.com/softball
Cash Car Convert on Facebook http://www.facebook.com/cashcarconvert
Rank Crew http://latenightim.com/rankcrew
Leave Us A Review In iTunes
Thanks so much for your reviews on iTunes. We get a ton of exposure from iTunes, and we really appreciate the reviews there. At last count, we were at 30 reviews and counting. Reviews help us get new listeners — so I really appreciate you taking the time to leave a review.
To leave a review, just go to latenightim.com/itunes and follow the instructions. Thanks!
Send us your feedback
As always, I'd love to hear what you think about the podcast. Better yet, I’d love to answer your question about Internet marketing on the show. Just drop me a line here on the blog or on the digital recorder at 214-444-8655. Don’t worry, there are no stupid questions. Unless you tell me not to, when you ask a question or leave a comment might even use it on the show.
When the transcript is available, it will be here with all the other Late Night Internet Marketing Transcripts.
If you are lovin' the podcast, please be sure to leave us some feedback and subscribe in iTunes!
Podcast Alley is another option:
Here is the Raw RSS Feed.
Episode 063 Transcript
In this episode we handle more listener feedback and we talk about the value of masterminds. I come clean about some of the masterminds that I’ve participated in over the years. All this and more on the Late Night Internet Marketing Podcast…
Notes from Mark
And it’s just a few days later. You guys weren’t sure that I was serious about this weekly thing, but I figured I’m so far behind that at least for this week I ought to crank out two podcasts just to get caught up. Plus, that keeps me out of the totally embarrassing situation of getting to Podcamp Dallas on Saturday and having to say that I haven’t podcasted in months. I didn’t want to have to do that, so here’s another episode.
Thank you very much for tuning in again so soon. I’m really digging the fact that you dig the podcast. Thank you so much for all the cards and letters and Facebook posts.
I’ve been having lots of fun. I goof around a lot off the air and one of the things that I do is play softball. It’s fun, it’s a bunch of old guys; I shouldn’t speak for all of them, but some of us are past our prime, I certainly am. If you’re interested in that and want to check it out, it’s kind of fun. You can find us at LateNightIM.com/softball, and that will forward you over to the Facebook fan page and there are some pictures of us and some commentary.
One of the funny things we do that you’ll find there is either I or the guy who runs the team does a press release (a fake one) after every game and talks about what goes on during the games. It’s kind of D-league, we call it beer league softball. We’re pretty good, but not great. Lately we’ve had a couple of terrible tragic losses. We had a couple of guys pull up lame during the game and one guy pulled a hamstring. It’s just big fun.
Mark,
Good to have you back on the podcasts!
I’m excited with what you’ve got coming up and in particular your NSD 2.0. I for one am one of the “overwhelmed” by Pat Flynn’s Food truck project, in fact I’m probably a Standard Bearer for the dissent as I got called out by Pat in one of his blog posts (I added the “Going Large” to the vocabulary, lol) and have had several comment conversations with him recently.
As a fellow day-jobber whose time availability ebbs and flows with the inevitable life commitments and responsibilities we have, Pat’s plan is perhaps too ambitious. So very interested on your take on things.
Keep up the good work Big Guy!
Jon
Hey Jon — thanks man. Appreciate the feedback. Can you point me to that blog comment? I’d like to incorporate that into the show.
Hi Mark,
This was the original blog where I was “called out”
http://www.smartpassiveincome.com/niche-site-duel-2-3-0-update-were-live-landing-pages-and-pre-launch-goals/
There was another post too: http://www.smartpassiveincome.com/questions-challenge-brand/comment-page-8/#comments
I’ve got tremendous respect for Pat and continue to follow / listen to him and gain great value from what he does (His last podcast with Derek Halpern is excellent – there’s also a priceless moment in it when Derek and Pat discuss the “bonus sandwich” with reference to Pat’s LEED exam course and what he could do for the “top” part). I also fully understand that his business is in a state of transition as he continues to grow and also needs to diversify away from Affiliate income. So he has some challenges ahead.
For me a niche site has to be a little more passive (like your Corn-sheller). I can on occasion put blocks of time into a project, but it tends to be sporadic and the best laid plans can be unexpectedly be disrupted, so it is difficult to accurately predict what you can get done over a set period of time.
Therefore, I’m more comfortable with something that can be chipped away at over time – the work is “softer” – I can work on a laptop with the family around and still be “available”. The site(s) and income evolve and increment over time.
I take the point that the landscape of the niche site is changing and I’m interested in what your thoughts and approach will be and how you are going to balance the old and the new styles.
Jon
I completely understand your position, and share your respect for Pat. Lot’s of ways to Skin this cat. Stay tuned.
Really (really, really) appreciate the feedback.
And by “skinning this cat” I was not talking about skinning Pat. That would just be wrong on so many levels. Just sayin’
LOL.
Mark I loved the mastermind group podcast. I had read about mastermind groups 20-25 years ago while reading Think and Grow Rich by Napoleon Hill. I found the idea of a mastermind group to be perfect for anyone wanting to start something that they themselves did not have all the talent to start. One thing I want to mention is that when you get involved in a mastermind group, make sure that the people you are surrounding yourself with are motivated and not just involved for the social aspect. I was involved in a mastermind group with some friends and found out quickly that most of them were basically flakes. Personally I believe that a substantial fee for a good mastermind group can be worth every penny. When you pay a fee for something, you will normally stick with it and get involved. Just my two cents.
You are exactly right — especially if the person taking the money has integrity and a great screening process. Really glad that you liked the episode. That makes me smile (big time).
Thanks for the feedback!
Regards,
Mark