Are masterminds groups really worth the time and money?

Afternoon all……

As a small business sales and marketing expert, I am always surprised at the amount of people the come to me complaining about mastermind groups around the globe… which made me think… are “mastermind” groups really worth the time and money you spend on them?

I think in order to answer this question we need to first explore a) what a mastermind group is and the objective of being part of a group, and b) what are the complaints?

In my opinion, and from others  I have spoken to, the term “mastermind” originally started as a way to hang out with someone who’s really successful, has the key to help other to be successful, is willing to teach their success strategy as well as having the ability to around a small group of other business owners in similar circumstances.

So if this is the case… then the complaints that I am hearing are making a load of sense…”there were over 30 people in the group”, “I didn’t feel I got any of the mentor’s ‘mind space’”, “It was clearly just a money making strategy that had very little ethical standards”, “the mentor didn’t have my best interests at heart”, “the program was over sold and under delivered” and finally.. and probably the most concerning of them all “participants seem to have quick success and not necessarily sustainable success”.  These are all people who have paid upwards of $25,000 a year for the privilege.

Does this mean that business owners and entrepreneurs who are ready to take the next step and be as successful as they choose to be, are now left in the lurch as there are so many poor mastermind groups out in the market place that they are all getting a little sceptical about the concept?  Or does it mean that mastermind groups need to wise up and get a little more “ethical and user friendly” about the way they deliver these programs…. surely they are a great idea when executed properly?

Would love your thoughts…

so close to Friday champers…. woohoo!

N