What Is A Mastermind Group?

Brad Hart defines a mastermind group as 5 to 25 people sharing values and goals for clarity and accountability. A 1,700-member global mastermind earns $4.5M yearly; a 100-person group charging $100K per person makes $10M. You can start with Zoom, Calendly, and Google Forms.
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Foreign. So what is a mastermind group? And a mastermind group to me is a group of individuals who share common values, goals, and they're working together to get clarity, stay accountable and take action so they can stay in momentum in their lives and businesses. Masterminds are all about getting momentum and staying on the path towards whatever your goals are. They can be anywhere from five to 25 people. And really it's about bringing on not just experts, but also facilitators and other people who have expertise in that domain. So it's not all about you facilitating, it's not about you being the expert. And it can be structured in a lot of different ways. The biggest ones I've ever been a part of was actually 1700 members with three different tiers and global membership. And it earned $4.5 million a year. It was run by Neil Strauss. I was part of that mastermind for about three years. I, I also joined another one for a short time that was $100,000 a year and it was limited to 100 people. So it was earning $10 million a year. And I've seen profitable masterminds. I've seen masterminds where it wasn't about making money, it was about bringing people together and they just use the money to throw a really good party basically for everybody involved. So it can be run by a guru or an expert or facilitator. It doesn't have to be an expert. The difference is the subject matter, expertise. There's multiple formats and no one way is correct. And it really comes down to who is in it and what do they need to solve their problems. So anybody, whether an expert or not, whether they're a coach or consultant or not, whether they have training or not, can start a mastermind with the right skills and tools, which we teach in our programs and our books and our trainings. So if you want to check one out, there's a really great one called Three Steps to Building a Virtual Mastermind that'll add $100,000 to your business in five, 10 hours a month. You can go over, check that out@mastermindvirtually.com my name is Brad Hart. I've been a part of so many of these things over the years. I've been doing this for 10 plus years. I've had masterminds in Bali, China, Greece, Hong Kong, Italy, all of the United States. I speak on stages about this and wrote a bestselling book on it. You can check that out@8minutemastermind.com if you'd like to read. I will get that over to you just for the cost of what it gets to your door. It's a free book, so I would love for you to check out and Masterminds, honestly have been one of the biggest drivers in my life. If I had to throw everything else out and start over from scratch. I'm not saying they're for everybody, certainly there are people who don't like them, but I. But you gotta try it, right? You gotta try running a Mastermind because you'll never believe how much impact and how much income you can make in such a short amount of time without a ton of overhead. You can start out with just really basic tech like Zoom Calendly, maybe some Google forms and a Google Drive and just go from there. You don't have to have anything really built out to start. You just really need to have a clear idea. You go to the market, you research it, you test it, you nail it, you scale it. We teach you how to do all that. So get started today if you're interested and you want to have more income, more impact, more fun and less time with without having to have funnels, ads or any of these crazy support systems and teams and everything like that, you can start a Mastermind today. My name is Brad Hart and I'm excited to see you@buildamastermind.com you can go to mastermindvirtually.com check out the free training or you can go to 8 Minute Mastermind to check out the free book. Use pay shipping. You get it to your door and we'll also send you a copy digitally while you wait. So I'm really excited for you to check out those resources and I'll talk to you very soon. All right, take care now.
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