#079: How To Start Your Own Mastermind Group [Podcast]

What is the one secret that can accelerate the growth of your business, and every other area of your life? I believe it is the crucible of companionship.

Small business team in the office in front of a whiteboard

This weeks episode is all about how to create your own Mastermind Group. Here are three good reasons to keep listening…

  • If you want to compress time, and achieve more in 12 weeks than most people can achieve in 12 years…
  • If you want to avoid pitfalls, perils, and mistakes…
  • If you want to achieve more success, with less stress, and less effort…

Then this episode is definitely for you.


Conferences where I will be attending and/or speaking:

Tip Of The Week

A free set of videos that are a kind of “short course” on how to launch a product on the Internet. These will be available for a limited time, so grab them now. Click here for the videos.

Spiritual Foundations

 If you are feeling overwhelmed, stressed out, or hopeless… help is on the way.

Don’t be afraid, I’ve redeemed you.
I’ve called your name. You’re mine.
When you’re in over your head, I’ll be there with you.
When you’re in rough waters, you will not go down.
When you’re between a rock and a hard place,
it won’t be a dead end—
Because I am God, your personal God,
The Holy of Israel, your Savior.
I paid a huge price for you:
all of Egypt, with rich Cush and Seba thrown in!
That’s how much you mean to me!
That’s how much I love you!
I’d sell off the whole world to get you back,
trade the creation just for you.
So don’t be afraid: I’m with you.
Isaiah 43:1-5

Feature Segment: How To Start Your Own Mastermind Group

One major key to any success I have enjoyed has been the principle of the Mastermind. Mastermind Groups have played a big role in propelling my business forward. What are the benefits of a Mastermind Group?

  1. Positive peer pressure
  2. Different perspective
  3. the Hawthorne principal

 How to Start A Mastermind Group

    1. Determine Your Purpose
    2. Create a Dream List Of Members
    3. Draft a Proposal
    4. Invite Your Dream Team
    5. Provide Leadership
    6. Set Regular Meetings
    7. Establish Ground Rules
    8. Provide Order and Structure
    9. Avoid “Creep Factor”

Recommended Resource: Dan Miller has a product called Creating Your Own Mastermind Group, which I highly recommend.

If you enjoy the podcast, I would consider it a great favor if you subscribe (and leave a review) in iTunes. This helps new people discover the podcast. You can also find the podcast on Stitcher.

Question:   How do you make use of “Value Creation Marketing” in your business? Click here to leave your comments.


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Ray Edwards is a world-renowned copywriter and communications strategist, writing for some of the most powerful voices in leadership and business including New York Times bestselling authors Jack Canfield and Mark Victor Hansen (Chicken Soup for the Soul) and Tony Robbins. Ray is a sought-after speaker and author, hosts a popular weekly podcast, and blogs at RayEdwards.com.

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  • Dan Miller

    Hey thanks for the great post and the shout out about my Mastermind eBook. I’m sitting in Michael Hyatt’s Launch event in Vail, CO. Great event. I told everyone here they need to be in a Mastermind group.

    • Well, Dan, your eBook really is excellent. I appreciate you, my friend!

  • You my friend are a great mentor and I cannot begin to even explain the value of being in a Mastermind group. My heart, mind, and soul have been elevated to new heights. Gratitude beyond belief.

  • Absolutely Phil!

  • @Ray_Edwards:disqus, Great podcast. I’ve been seeking out a mastermind group ever since launching my personal platform several months ago. I’ve already found accountability with several podcasters / marketers / bloggers I’ve connected with and I know that a mastermind will take me to even new heights.

    Planning on purchasing @disqus_jUfj1DHMwB:disqus’s ebook tonight and diving right in.

    Keep up the great work Ray. You’ve helped me with the launch of my personal platform more than you know. I’d love to connect soon! Be blessed.

  • @Ray_Edwards:disqus…thanks for this podcast. I’ve read Think And Grow Rich and I know about Mastermind Groups…but I never entertained the thought of actually forming my own. But because you and this podcast, I am seriously thinking about it. Thank you.

  • Great lesson. I bought @disqus_jUfj1DHMwB:disqus book yesterday. I will be using it (with permission) to help outline the steps of a Master Mind Group that I will facilitate. Between this podcast, Dan’s work, and the work of Michael Hyatt and Platform University I feel like I’m ready to increase my impact in 2014!

  • There’s some buzz up here in NJ about an up and coming dude contemplating starting his own MM group……… Thank you for your inspiration!

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