Business Mastermind

Cooling Off From the Hot Seat

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Photo by Daniel McCullough

A friend of mine confided to me that she used to be in a mastermind group, but it simply didn’t work for her. Frustrated with the lack of dialogue and accountability, she left the group.  I asked her questions about her past experience and why she thought it went wrong.

She said that the way their group worked was you had a schedule assigned for when you would be in the “hot seat”. Their group met on a monthly basis and so once a month there was someone who had the hot seat. Her hot seat assignment was four months after she began the group.

She initially joined the mastermind group because she really needed help growing her business. She had a lot of questions and concerns about the direction she was going and choices she needed to make. She wanted to test out new ideas and she wanted to feel like she had somebody that she could talk to. As a new business owner, anxious to have a strong start, she wanted to be able to “pick the brains” of the other members and gain from their insights. She was prepared for the emotional investment that she was going to make in helping each person with their business needs because she had a lot to offer as well.

By the time she got in the hot seat the issues that she had initially come with, when she became a member of the mastermind group, had either fallen by the wayside because she simply was too overwhelmed to address them, or they had become bigger problems, or were initiatives she decided not to try because she was afraid she would fail.

When she finally did get her scheduled chance to be in the hot seat it was of minimum value. Certainly, it had some, but it had significantly diminished from the reason she got into the mastermind group to begin with.  Yet she felt like she had spent the last four months helping everybody else with their businesses – one person at a time.  Having to wait to be in the hot seat sounds a little bit scary. It doesn’t hold conversational value.

There are a lot of mastermind groups that operate that way. In High Stakes Masterminds we just find that we succeed better doing it differently.

It was my members that decided that they prefer to meet every three weeks on a rotational basis. It has worked extremely well for us.  It’s not too frequent contact, like every two weeks, and it’s not big gaps of time in between, like once a month.  Monthly meetings also require that the meetings go really long. Having a meeting every three weeks works really well because of the frequency and having only six members per group we are able to keep our meetings moving along at an efficient 90 minutes each meeting.  Listening to my clients offered a solution to this particular problem.

In our valuable 90 minutes everybody talks every meeting. I don’t call it the hot seat. I don’t personally like that term. But I do call it the “focus seat” and everybody gets a chance to be in the focus seat. In addition, everyone in the group also has time to give them feedback, thoughts, and ideas We have robust conversation around each person’s accountabilities and goals.

You have to shop groups and determine what works well for you. I know that my first group was a disaster for me because we met once a month. Everyone did have a hot seat opportunity, but the facilitator was also a member, and to be quite honest with you she failed in every way imaginable. That experience was a painful disaster. But it did propel me to a training program to become a mastermind facilitator. I’m doing it in what I feel is the right way for my avatar type clients.

How do you know if you’re an avatar type client for High Stakes Mastermind Groups? All it takes is a conversation, and I love having those with prospective members. If you’re cooling off from the hot seat idea learn if High Stakes is right for you.

I look forward to you being in the focus seat.

 

Business Mastermind

What Can Skillshare do for You?

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Stephanie Angelo

Guest Post by Adrianna Huff

Disclaimer: I have paid for my own Skillshare membership, and this post is not sponsored by Skillshare. (#NotAnAd)

Lifelong learner

I call myself a lifelong learner, and when I find a great learning resource (at an affordable price), I have to share it. I’ve heard about Skillshare for a while now in various articles and blog posts over the years, but it wasn’t until our CFO (Chief Focus Officer) Stephanie Angelo from the High Stakes Mastermind Group started presenting Skillshare videos that I picked up a membership and started watching.

Skillshare is an online learning platform where teachers post videos that students can watch. Typically there are also projects that can be completed. What is great about Skillshare, is that anyone with a membership can watch videos that are of interest. Learners do not have to enroll in classes, and there is feedback from instructors. New videos are posted constantly, and as of this blog post there are over 21,000 classes.

Videos on all topics

There are videos on all topics, from Photography to Productivity, and I found myself being drawn to and watching videos relating to Entrepreneurship, Passive Income, Productivity and Efficiency Measures, and Developing a Great Workplace.

Stephanie currently has two classes live on Skillshare, “How to Make Workplace Accountability Cooler Than Your Competitors Do” and “Mastering Strategic Thinking Skills for Maximum Impact in Your Organization”. I watched both lessons (they were about 45 minutes each), which provided me with good information without leaving me committed for hours.

As a finance person, I found the workplace accountability lesson to be valuable in that Stephanie explained how workplace accountability can hurt companies in both productivity, but also the bottom line. For entrepreneurs especially, workers without accountability can de-rail a really successful company and make the already difficult entrepreneurial journey more challenging.

Strategic thinking

Additionally, the strategic thinking lesson was a great reminder to me to do two things in my own life and career work: think proactively and spend some time just thinking. I can sometimes get mired into the small details making my life very reactionary. By remembering to actually look at my goals and my entrepreneurial horizon I can develop new opportunities. As well, instead of just jumping (sometimes without thinking) I should take a step back and actually look at the whole picture.

What Stephanie teaches in her videos, is the same way she approaches our High Stakes Mastermind Group meetings. We have accountability from her to meet our goals as well as proactive work to keep our businesses moving forward. I would highly recommend both of her videos and to start taking Skillshare classes.

Have you heard of Skillshare? What are your favorite learning resources?

Stephanie Angelo creates #businessmastermind teams that make more money, blow away the competition and have better businesses as a result. Talk to Stephanie about #HighStakesMastermindGroups either by phone (480) 646-2400 or email at Stephanie@StephanieAngelo.com .

 

 

 

Business Mastermind

A High Stakes Mastermind Group and My Experience

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By Adrianna Huff

I remember when I first heard the word “Mastermind” from my talent manager at work. I thought she was referring to the Mastermind Board Game from the 1970s where players move around different colored pegs. She in fact, wasn’t talking about this game, but actually referring to a group she belonged to where they discussed their goals over a group phone call. Once she explained what a Mastermind group actually was, I was hooked on the idea.

A Mastermind Group is not a new concept

A Mastermind Group is not a new concept, it has been around since Napoleon Hill wrote “Think and Grow Rich” in the 1930s. In theory, a Mastermind Group’s ideal purpose is to get individuals to discuss and encourage one another’s ideas to meet a goal or overall purpose.

As I started my search for a Mastermind Group, I found that there are many varieties. There are groups you can find on Meetup.com, Facebook groups, groups that resemble coaching calls, and groups that are limited in size to a smaller amount of participants (between 5-10 individuals).

I chose to join a smaller group (the upper limit is 6 participants) where I could work with the same members over a period of time and have continual feedback, support, and accountability. In addition, our moderator is not a group participant; instead our moderator facilitates the meeting to ensure we stay on time and don’t get side tracked.

At each meeting, before launching right into business, we all have a few minutes to chat and build our relationships. If I were just speaking to a group of strangers, I would not be prepared to voice my thoughts or explain how I am meeting my goals. Since the participants have all become my business friends, I open up about myself personally and professionally and what I am accomplishing.

In the last 11 months as a participant in a High Stakes Mastermind Group, my goals have changed drastically. Both in my personal and professional life, I have had significant changes (job changes, re-locations, and family additions). Throughout all of these drastic life shifts, there has been one constant: the High Stakes Mastermind Group. As I have adjusted my life and entrepreneurial goals, the group has been there to listen, provide encouragement (and suggestions), and give me an avenue to continue feeling like I am making a difference both in my entrepreneurial journey and someone else’s.

For me the High Stakes Mastermind Group has been more than writing a goal plan, updating the plan, and staying accountable to my goals. (Throughout the last 11 months these have still remained the pillars of purpose in the High Stakes Mastermind Group). For me, the High Stakes Mastermind Group has been a rock during challenging life changes. When I meet with the group, I still feel like I have a purpose (and a brain). Instead of just being a “Mom”, I am still an entrepreneur who is working towards goals.

In the end, the intention of a High Stakes Mastermind Group is to typically have entrepreneurial members use each other as resources for success in their business endeavors. And while this continues to be a large part of the purpose of the High Stakes Mastermind Group for me, it is also a community. It is a community of entrepreneurs who care about each other and work together to meet goals, even if these goals are constantly in flux.

What have been your experiences with a High Stakes Mastermind Group? How has it benefited you, personally or professionally?

Accountability Partners

Why Entrepreneurs and Solopreneurs Should Belong to a Group

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Belonging to a group gives a real sense of well…belonging.

Do you wish to excel as an entrepreneur or a solopreneur? I bet you do, well, in that case, you need to digest every detail of this piece. You must have heard of the popular proverb that says “two heads are better than one.” Well, quiz any successful man or woman who has excelled in one endeavor or the other and he or she will tell you the proverb is very true. Little wonder then, that goal oriented individuals in particular and humans, in general, tend to form or belong to a group of people who are like-minded to help them achieve their goals.

Humans have always possessed a sense of belonging, be it in schools (where students who aim to excel academically form study groups), in offices among colleagues or even in the larger society where we have different social groups such as various dance groups, supporters club of a soccer team, etc.

And there have been several instances where individuals attribute their academic success, business growth or source of happiness to being a part of a group. This, therefore, underlines the fact that, it is very important for every individual to belong to a group. However, it is important to note at this point that,  the fact everyone should belong to a group doesn’t mean an individual should join a negative group such as a gang or a cult.

In case you’re wondering what group you should belong to as an entrepreneur or a solopreneur. Then, you should be looking forward to finding and joining a Mastermind Group. This is the point where I expect you to be engrossed with this article to enable you discover more about Mastermind Groups and how they can help your business to grow.

According to Napoleon Hill, author of the timeless self-help book, Think and Grow Rich (1937) “ a Mastermind Group is the coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony”. In other words, when a set of people (usually from different industries) comes together to form a group with the specific purpose of achieving common goals and success, such groups are known as Mastermind Groups.

With that said, let’s now take a look at the benefits

  1. Support:

You are surrounded in a community with people of like minds. They help you in achieving your goals and offering support to you. As the founder of High Stakes Mastermind Groups, I’ve realized I find it particularly exciting to help others achieve their set goals. Support is never in short supply in Mastermind groups in general and in High Stakes Mastermind Groups in particular, as members of the group who you become friends with automatically are there to offer support to you during meetings.

  1. Accountability

A Mastermind group allows the opportunity to regularly know how others are doing which helps you to remain focused on achieving your goals.

When one member of the group fills the others in on a challenge he/she is experiencing, the other members of the group put heads together to proffer solutions that can help the challenged member over his/her challenge.

  1. Resources

The fact that each member of the group specializes in different fields or industries provide you with the opportunity of receiving powerful tips on how to excel as an entrepreneur or solopreneur.

So, if your desire is to have yourself surrounded, encouraged and inspired by great minds or individuals who have succeeded and know what it takes to succeed as an entrepreneur in different industries. Then, you should belong to a mastermind group, and there is no better group than High Stakes Mastermind Groups to serve this purpose. For information on how to be a member visit http://www.StephanieAngelo.com/ and you can be sure to have fun growing your business and masterminding.