HSH 078: 7 Lessons Learned From My $25,000 Mastermind
Today on the podcast we are going deep on the lessons I’ve learned over the past couple of years from being in James Wedmore’s Inner Circle Mastermind. In this episode I’ll share how and why I joined the group, and some of the amazing results that me (and my students) are achieving!
1. Everyone has blind spots
When you’re so close to your business, you just can’t see your blind spots, and very rarely will someone come up and tell you about them. Peers in a mastermind group will tell you what you’re missing, and this comes with trust and quality communication. A mastermind is a safe spot to share information, confidentially, but you need to be able to put yourself in a position to take the criticism and feedback that you will receive.
2. Many blind spots are mental
When I joined the mastermind, I was terrified to the price of my $197 course. Now my I have $1,000 courses and $15,000 packages, and I’ve increased the value and quality that I provide to align with the increased prices. Through my mastermind group I was able to really see that I previously didn’t feel worthy of getting paid, but having the right mindset is everything as you scale your business.
3. Not all peer feedback is equal
Previously I had been taking all sorts of advice from the Internet, but doing this wasn’t necessarily serving me when I got to a certain level. My mastermind peers gave me much higher quality feedback, for a number of reasons. There’s an inherent level of trust in a paid mastermind, and you’re in a space where others will really understand your business and what you’re trying to do. Everyone is there to bring value, and have put money on the line to do this.
4. You have to slow down to speed up
If you want a big launch, you have to stop and evaluate what you need, then work towards them. In order to take things to the next level, you’re going to have to table what you think is important to work on what you don’t realize is important!
5. Every niche can kill it (and does!)
I know people know that are teaching organizing, hairstyling, marketing, Instagram, wellness, crystals and so much more. Being in a mastermind opened me up to the possibility that you can be a success in anything you do if you speak to a problem and provide value. Products and offers may change, but the fundamental elements are business and marketing don’t.
6. Scaling requires risk tolerance
What kind of business do you want to be, and how would that company act? If you think like that business and act like that business, you will become it.
7. Having a mentor is vital
You don’t need to spend 10’s of thousands of dollars on a mastermind or a business coach, but you do need a mentor in your life who’s been where you want to go and who is honest with you. A mentor is a third-party voice that will tell you what you need to hear, not what you want to hear.
Investing in yourself and business will change the game! There are people out there that have more experience than you in specific areas. Why not tap into that experience? There is just something so powerful about being in a great mastermind group and having the right mentor!