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December 16, 2011

Leverage Collective Knowledge with Virtual Mastermind Groups A SPN Exclusive Article

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If you want to become a more effective, take-action leader who improves your business leveraging the potential and collective energy from a trusted board of advisors, you’re likely thinking about a Mastermind Group. You have a few choices to get involved, like…

1. Start one myself– recruit members, set up agendas and rules, arrange destinations, invest in technology
2. Join an Existing Mastermind Group or one being created somewhere else– pay for participation, but no headaches associated with recruitment and organization
3. Do nothing — continue to depend on discipline for your learning, action steps and personal accountability; save energy and costs associated with ANY type Mastermind experience, LOSE THE PERKS OF MASTERMIND GROUPS FOR SMALL COMPANIES

A possibility we’ve developed falls under # 2 above. We have put together a platform and hosting system for Mastermind Group engagement that is stress free for the average small business owner or entrepreneur. One of the things we have done to offer the awesome perks to small businesses of Mastermind Group involvement without the disadvantages associated with more traditional groups; namely participation costs and unnecessary time loss for meetings. Introducing Virtual-Mastermind.com. Virtual Mastermind is a service of Smart Company Growth to provide the Mastermind experience affordably and make it easy to participate.

Definition of a Virtual Mastermind Group

Simply put, it is a Mastermind Group where all participants meet virtually instead of in person. This provides incredible flexibility for members, lessened overall time commitments as a result of travel, and the removal of associated fuel and meal costs associated with meeting face-to-face. We use the benefits of modern technology to enable members to “meet” virtually, online using video-conferencing and online meetings. Without a doubt, with modern technology, it really is the next best thing to being there, totally extinguishing audio teleconferences in connection and involvement for all members. We have designed your Virtual Mastermind group to allow participation without any extraordinary technology required on behalf of members.

Monthly time obligations are split into bite-sized trips to your home or office PC (don’t wear your bathrobe, you’re on camera). A typical month in the life of a Virtual Mastermind executive goes like this:

• Mastermind Alliance group meetings (3 hours per month, 1 meeting or 2X90 minute as established in each alliance charter)
• 1-2-1 Executive Coaching sessions (2 hours per month per member)
• Educational Experiences (1 60-90 minute Webinar each month by Subject Matter Experts)

Furthermore, all group video-conferences are recorded and in the cloud for your later browsing.

How is Virtual Mastermind Organized?

Monthly meetings are on-task, with agendas prepared beforehand by the facilitator based upon member survey responses. These meetings are specific to taking care of group business such as forming an initial charter and pairing accountability partners, or else group problem-solving and brainstorming on behalf of individual member company issues. The group meetings are where we leverage the collective intelligence of the group toward solutions for individual executive and business problems.

Coaching sessions are targeted 1-2-1 experiences between facilitator and business executive, designed to further explore and solution issues addressed in the group environment, or more often to form action plans and accountability metrics for each individual executive as applicable month to month. Often executives will develop a strong relationship with their coach and share more personal challenges in their 1-2-1s than would be comfortable before the partnership. These sessions can be done over the phone, but again, we encourage Skype video chats for increased connection and outcomes.

Each group will identify key problems that plague their business where learning is needed, and using group decision making processes will settle on desired learning possibilities. Subjects can range from employee benefits to health care or environmental legislative impact to marketing to hiring and firing. Your Virtual Mastermind facilitator will solicit and find educational opportunities to match those needs to serve up group-specific webinars as scheduled once per month.

How do I sign up?

A virtual Mastermind Alliance is an inexpensive, low-barrier-to-entry, convenient and highly leveraged means of increasing your small business. At Virtual-Mastermind.com, we meticulously established the technique, technologies and tools to guarantee success for your company, and quite frankly believe that our method is second to none worldwide to provide your highest value experience.

If you think as we do that this might be for you and want to take the next step toward increasing your small business, visit http://www.virtual-mastermind.com/registration to learn how to get involved now.

Listen, whether you get involved with a Virtual Mastermind group or pursue a more conventional course of face-to-face hosted or home grown alliance, I can not stress enough that this is something you want to consider if you are expanding your business and lack the point of view and collective intelligence that comes from a legitimate, 3rd party peer group of advisors.


Karl Walinskas is the CEO of Smart Company Growth, a business development firm that helps small to mid-size professional service firms build competitive advantage in an online world of sameness. He is author of numerous articles and the Smart Blog on leadership, business communication, sales & service, public speaking and virtual business, and Getting Connected Through Exceptional Leadership, available in the SmartShop. Get your FREE LinkedIn Profile Optimization eBook & Video Course, Video Marketing video and course, or Mastermind Groups e-course & video now.

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