Accelerate Your Firm's Growth with Your Own Legal Mastermind Group
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Transcript of Accelerate Your Firm's Growth with Your Own Legal Mastermind Group
888-432-1529 www.rocketmatter.com
A Mastermind group is a success
building tool. It’s used to bring
together achievement-minded
people who are determined to
reach their highest goals.
888-432-1529 www.rocketmatter.com
Is there anything in your business,
professional development or
personal development that you’ve
been putting off?
888-432-1529 www.rocketmatter.com
Benefits of a Mastermind Group
• Be a part of a group of inspired people you
respect and admire
• Accountability to stay on course for getting what
you want
• Support of your team and access to their
expertise and network of resources
• New ideas can come from the exchange and
people offering new perspectives
888-432-1529 www.rocketmatter.com
Example: Young Presidents Organization
• A Mastermind group with 8 members, that has been together over
10 years
• Meets in person once monthly, take summers off
• Does multi-day retreats 1-2 times per year
• Openly discusses:
✴ Hiring the Right People
✴ Business Plan Reviews
✴ Opportunity Reviews
✴ Pro Forma and Financial Reviews
888-432-1529 www.rocketmatter.com
2. Look for successful
people in your
personal or
professional life that
have inspired you.
888-432-1529 www.rocketmatter.com
3. Seek out group
members in
organizations, Facebook
or LinkedIn groups that
specialize in your area of
interest.
888-432-1529 www.rocketmatter.com
4. If virtual
Masterminding
appeals to you,
look for potential
members at
national events.
888-432-1529 www.rocketmatter.com
How do you cultivate the
right group?
• They must relate to your on a personal level
• They must have similar, yet different experience
• Competitors v. Allies
• Vary the temperament, strengths and
personalities of your members: idea people, detail
people, risk takers, etc.
888-432-1529 www.rocketmatter.com
Critical Questions to Ask
• How often will you meet as a group?
• Which day of the week or month? What time?
• How long is each meeting?
• Is there a limit to how many members can join the group?
• When and how are new members added to the group?
• What is the criteria for evaluating new members?
888-432-1529 www.rocketmatter.com
Sample Agenda and Structure
• Start with informal catching up (10 mins)
• Updates on where each person is with goals from last session
(5-10 mins)
• “Hot Seat”- Take a dive into a specific challenge that one
member is having and offer up potential actionable solutions
(20-30 mins)
• Wrap up with an open forum to discuss any major outstanding
challenges from other members, state goals that each person
wants to accomplish before then next session, then book the
date and time of the next session (10 mins)
888-432-1529 www.rocketmatter.com
Decide on a Group Leader
• This will be the person who keeps sessions on
track, schedules the next meeting, does the
agenda for each session, and sends recap notes
with everyone’s goals.
• In charge of organizing the Mastermind group,
recruiting new members, managing the logistics
of getting everyone together in person or online.
888-432-1529 www.rocketmatter.com
Decide on a Moderator
• This person keeps the
meeting organized and on
track with the time you’ve
allocated to each activity
• They may also organize
group retreats and once-
yearly training on how to
run a better meeting
888-432-1529 www.rocketmatter.com
Confidentiality
• You’re creating a
safe environment
where everyone
can be a “work in
progress”
888-432-1529 www.rocketmatter.com
Preparation
• Review your vision, goals, and the concrete
measurable results you’re trying to achieve
• Refresh your action plan, and bring a version
you can share with your group
• Bring questions you want to ask your group,
and a clear sense of what you want to walk
away with
888-432-1529 www.rocketmatter.com
Give and Receive
• Giving feedback and
ideas to others is great,
but being willing to open
up, be honest, and
receive will also
determine your value to
the group as well.
888-432-1529 www.rocketmatter.com
No Judgment
• You cannot force a
Mastermind group member to
take action, but you also
cannot stand in judgment of
their decisions. Find another
way to keep a member
accountable.
888-432-1529 www.rocketmatter.com
Share Evenly
• A regular practice of pitching in to solve
problems that are outside of your typical area
of expertise will give you new perspectives and
idea to implement within your own business
888-432-1529 www.rocketmatter.com
How to find a pre-existing
Mastermind group
• There are professionally-run mastermind groups that pre-
qualify you and place you into the right group for your
needs
• If you’re interested, do a Google search for a group in your
area
• Sometimes these groups revolve around a specific goal
such as writing a book or growing your business.
• They can also be holistic, focusing on all areas of life
888-432-1529 www.rocketmatter.com
You can get greater,
more focused results if
you just start your own!