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Sunday, September 18, 2011

Coaching, Mentoring, & Mastermind Groups

I have been involved in no less than 8 mastermind groups thus far in my career. Some of these I facilitated. Others, I was a participant / member. Some were free. Others were very, very expensive. Each has given me an opportunity to surround myself with like-minded people willing to open up and share knowledge about their business, strategies they use, fresh new ideas they have picked up on their journey. The most important facets of these groups has been the 'how to implement' discussions. One can certainly discover new ideas everywhere; YouTube videos, Facebook posts, books, meetings, and social encounters. However, rarely will you get the hands on details of implementation like you get from being involved in mastermind groups. The members of my many mastermind groups have to gone to great lengths to SHOW me how to do things. They have mailed me information, given me books, paid my way into conferences, the list goes on and on.

I recently attended one of two annual meetings where I discovered that I should be teaching what I so easily do to those who struggle. I have struggles too. At that same conference, I learned a great saying, "Pay those who play at what you work at." After that conference, the thought of running a real estate investing mastermind/mentoring program constantly nagged me. How could I do it without feeling guilty? Would people sign up? At what price would it be worth it for me to take on such responsibility and still be fair?

Recently, I did launch my mastermind / mentoring program. It is not a coaching program. I think there is a significant difference. A coach sits on the sidelines and tweaks what you are already doing. A mentor takes you down into the mine, shows you where the gold is, teaches you how to dig it out, then shows you how to sell it for a profit. As for it being a mastermind group, I expect all students to help each other. We learn and grow as a group. I am very excited about this next evolution in my business. If you are interested in applying, please fill out our online application.

Good luck to you and I hope you are on track to exceed your 1 year goals for this year and more than 20% of the way toward accomplishing your 5 year goals. You do have written goals don't you?...

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