When the purpose of a Mastermind is for one person to make money, that Mastermind is corrupted for the following reasons. It puts them in a position of power that takes them outside of the group and then they become the coach. Money doesn’t have to complicate things if you understand why the money exists. It can communicate a commitment to the group, it can fund group activities, it can fund the services provided by the leadership team.

The Start Your Mastermind show is the best free resource you’ll ever experience to help you learn about the power of a true Mastermind. Masterminds can help you change your mindset, improve your personal relationships, and improve your business. This series of shows is built to help you learn the unique power of a Mastermind and how to avoid the most common mistakes made when joining, or starting and running a Mastermind. StartYourMastermind.com

Next you’ll define the standards for your Mastermind. We get what we tolerate so what do you tolerate and what should you expect when you build your Mastermind? You’re building it so you get to make the choice what your group’s standards are. StartYourMastermind.com

The Start Your Mastermind show is the best free resource you’ll ever experience to help you learn about the power of a true Mastermind. Masterminds can help you change your mindset, improve your personal relationships, and improve your business. This series of shows is built to help you learn the unique power of a Mastermind and how to avoid the most common mistakes made when joining, or starting and running a Mastermind.

Now that you’ve set the stage for a great Mastermind you’ll need to go get some members so next we’ll discuss how to find your ideal members for your mastermind. Should you pick someone in your company, someone from a rival company? Someone local? Someone on the other side of the world? Should you open up applications to the public or people you already know?

The Start Your Mastermind show is the best free resource you’ll ever experience to help you learn about the power of a true Mastermind. Masterminds can help you change your mindset, improve your personal relationships, and improve your business. This series of shows is built to help you learn the unique power of a Mastermind and how to avoid the most common mistakes made when joining, or starting and running a Mastermind. StartYourMastermind.com

Speaking of applications, next I’ll walk you through how to build your application for the Mastermind. What questions are essential, what tool should you use to build the application, and what information from the application should you focus on the most?

The Start Your Mastermind show is the best free resource you’ll ever experience to help you learn about the power of a true Mastermind. Masterminds can help you change your mindset, improve your personal relationships, and improve your business. This series of shows is built to help you learn the unique power of a Mastermind and how to avoid the most common mistakes made when joining, or starting and running a Mastermind. StartYourMastermind.com

Technology makes communication a lot easier, affordable, and in some cases more effective so after talking about applications I’ll share the tech toolkit I’ve used to run multiple Masterminds. They won’t break the bank and they’ll help you foster deeper connections with your Mastermind members.

The Start Your Mastermind show is the best free resource you’ll ever experience to help you learn about the power of a true Mastermind. Masterminds can help you change your mindset, improve your personal relationships, and improve your business. This series of shows is built to help you learn the unique power of a Mastermind and how to avoid the most common mistakes made when joining, or starting and running a Mastermind. StartYourMastermind.com