Tag Archives: Support

Cooling Off From the Hot Seat

Photo by Daniel McCullough

A friend of mine confided to me that she used to be in a mastermind group, but it simply didn’t work for her. Frustrated with the lack of dialogue and accountability, she left the group.  I asked her questions about her past experience and why she thought it went wrong.

She said that the way their group worked was you had a schedule assigned for when you would be in the “hot seat”. Their group met on a monthly basis and so once a month there was someone who had the hot seat. Her hot seat assignment was four months after she began the group.

She initially joined the mastermind group because she really needed help growing her business. She had a lot of questions and concerns about the direction she was going and choices she needed to make. She wanted to test out new ideas and she wanted to feel like she had somebody that she could talk to. As a new business owner, anxious to have a strong start, she wanted to be able to “pick the brains” of the other members and gain from their insights. She was prepared for the emotional investment that she was going to make in helping each person with their business needs because she had a lot to offer as well.

By the time she got in the hot seat the issues that she had initially come with, when she became a member of the mastermind group, had either fallen by the wayside because she simply was too overwhelmed to address them, or they had become bigger problems, or were initiatives she decided not to try because she was afraid she would fail.

When she finally did get her scheduled chance to be in the hot seat it was of minimum value. Certainly, it had some, but it had significantly diminished from the reason she got into the mastermind group to begin with.  Yet she felt like she had spent the last four months helping everybody else with their businesses – one person at a time.  Having to wait to be in the hot seat sounds a little bit scary. It doesn’t hold conversational value.

There are a lot of mastermind groups that operate that way. In High Stakes Masterminds we just find that we succeed better doing it differently.

It was my members that decided that they prefer to meet every three weeks on a rotational basis. It has worked extremely well for us.  It’s not too frequent contact, like every two weeks, and it’s not big gaps of time in between, like once a month.  Monthly meetings also require that the meetings go really long. Having a meeting every three weeks works really well because of the frequency and having only six members per group we are able to keep our meetings moving along at an efficient 90 minutes each meeting.  Listening to my clients offered a solution to this particular problem.

In our valuable 90 minutes everybody talks every meeting. I don’t call it the hot seat. I don’t personally like that term. But I do call it the “focus seat” and everybody gets a chance to be in the focus seat. In addition, everyone in the group also has time to give them feedback, thoughts, and ideas We have robust conversation around each person’s accountabilities and goals.

You have to shop groups and determine what works well for you. I know that my first group was a disaster for me because we met once a month. Everyone did have a hot seat opportunity, but the facilitator was also a member, and to be quite honest with you she failed in every way imaginable. That experience was a painful disaster. But it did propel me to a training program to become a mastermind facilitator. I’m doing it in what I feel is the right way for my avatar type clients.

How do you know if you’re an avatar type client for High Stakes Mastermind Groups? All it takes is a conversation, and I love having those with prospective members. If you’re cooling off from the hot seat idea learn if High Stakes is right for you.

I look forward to you being in the focus seat.

 

Confidence and Confidants

Photo by Farah Kanaan, www.KeepExploring.co (High Stakes Mastermind Group member)

Do You Have Confidence and Confidants?

The subject of confidants came up in our #HighStakesMastermindGroups today, because within the groups we grow to have such a great deal of trust between members, that they really tell each other things that would not be said to anyone else.  They know that what they say stays in the room because everybody signs a confidentiality agreement. But it does go farther than that, the members of the groups develop really close bonds and they become very comfortable in their ability to tell each other things that they would not be able to say to anybody else.

As their leader (and observer) that feels great because I know that I’ve been the catalyst in bringing these people together that become so close to one another. It is a little different for me because I don’t confide in them, so they really don’t have a lot of knowledge about my own personal life – and it needs to be that way.  Although I feel very comfortable in the fact that if something really went ‘south’ and I needed them, I know they would be there for me.

Why it Matters

The journey to the top of your game, no matter what industry you are in, can be a very lonely one. Sometimes, it will seem like nobody really understands, from the professional challenges you face to the personal and social sacrifices that are sometimes involved with such a heavy time commitment.

As you climb the ladder, it’s important to build your personal network of support and confidants.

Confidants can help you in a number of ways. People that you meet in High Stakes Mastermind groups, for example, understand what challenges you’re facing because they are in the same positions and know those challenges to be true. Over time, a relationship and trust builds, which allow for the sharing of ideas and advice.

Confidants become even more important when you are self-employed because for much of the time, you’re likely working independently, or with your staff, without the aid of a corporate headquarters.

Often, this means that you have no peers to bounce ideas off of for solutions and strategies. Those you are working with are often not on the same level, so it’s a good idea to have confidants who are as successful and trained as you to discuss things with and to help you find solutions to unique problems.

Who Has Your Back?

One final argument for having confidants in a Mastermind group: because these people are often in other lines of work, they can become true confidants with nothing to gain from your industry secrets.  And they “have your back”.

I’ll never forget how a former mentor of mine once said that Mastermind groups are to grow “confidence and confidants” – and I am very confident that we have successfully done both.

What Can Skillshare do for You?

Stephanie Angelo

Guest Post by Adrianna Huff

Disclaimer: I have paid for my own Skillshare membership, and this post is not sponsored by Skillshare. (#NotAnAd)

Lifelong learner

I call myself a lifelong learner, and when I find a great learning resource (at an affordable price), I have to share it. I’ve heard about Skillshare for a while now in various articles and blog posts over the years, but it wasn’t until our CFO (Chief Focus Officer) Stephanie Angelo from the High Stakes Mastermind Group started presenting Skillshare videos that I picked up a membership and started watching.

Skillshare is an online learning platform where teachers post videos that students can watch. Typically there are also projects that can be completed. What is great about Skillshare, is that anyone with a membership can watch videos that are of interest. Learners do not have to enroll in classes, and there is feedback from instructors. New videos are posted constantly, and as of this blog post there are over 21,000 classes.

Videos on all topics

There are videos on all topics, from Photography to Productivity, and I found myself being drawn to and watching videos relating to Entrepreneurship, Passive Income, Productivity and Efficiency Measures, and Developing a Great Workplace.

Stephanie currently has two classes live on Skillshare, “How to Make Workplace Accountability Cooler Than Your Competitors Do” and “Mastering Strategic Thinking Skills for Maximum Impact in Your Organization”. I watched both lessons (they were about 45 minutes each), which provided me with good information without leaving me committed for hours.

As a finance person, I found the workplace accountability lesson to be valuable in that Stephanie explained how workplace accountability can hurt companies in both productivity, but also the bottom line. For entrepreneurs especially, workers without accountability can de-rail a really successful company and make the already difficult entrepreneurial journey more challenging.

Strategic thinking

Additionally, the strategic thinking lesson was a great reminder to me to do two things in my own life and career work: think proactively and spend some time just thinking. I can sometimes get mired into the small details making my life very reactionary. By remembering to actually look at my goals and my entrepreneurial horizon I can develop new opportunities. As well, instead of just jumping (sometimes without thinking) I should take a step back and actually look at the whole picture.

What Stephanie teaches in her videos, is the same way she approaches our High Stakes Mastermind Group meetings. We have accountability from her to meet our goals as well as proactive work to keep our businesses moving forward. I would highly recommend both of her videos and to start taking Skillshare classes.

Have you heard of Skillshare? What are your favorite learning resources?

Stephanie Angelo creates #businessmastermind teams that make more money, blow away the competition and have better businesses as a result. Talk to Stephanie about #HighStakesMastermindGroups either by phone (480) 646-2400 or email at Stephanie@StephanieAngelo.com .

 

 

 

A High Stakes Mastermind Group and My Experience

By Adrianna Huff

I remember when I first heard the word “Mastermind” from my talent manager at work. I thought she was referring to the Mastermind Board Game from the 1970s where players move around different colored pegs. She in fact, wasn’t talking about this game, but actually referring to a group she belonged to where they discussed their goals over a group phone call. Once she explained what a Mastermind group actually was, I was hooked on the idea.

A Mastermind Group is not a new concept

A Mastermind Group is not a new concept, it has been around since Napoleon Hill wrote “Think and Grow Rich” in the 1930s. In theory, a Mastermind Group’s ideal purpose is to get individuals to discuss and encourage one another’s ideas to meet a goal or overall purpose.

As I started my search for a Mastermind Group, I found that there are many varieties. There are groups you can find on Meetup.com, Facebook groups, groups that resemble coaching calls, and groups that are limited in size to a smaller amount of participants (between 5-10 individuals).

I chose to join a smaller group (the upper limit is 6 participants) where I could work with the same members over a period of time and have continual feedback, support, and accountability. In addition, our moderator is not a group participant; instead our moderator facilitates the meeting to ensure we stay on time and don’t get side tracked.

At each meeting, before launching right into business, we all have a few minutes to chat and build our relationships. If I were just speaking to a group of strangers, I would not be prepared to voice my thoughts or explain how I am meeting my goals. Since the participants have all become my business friends, I open up about myself personally and professionally and what I am accomplishing.

In the last 11 months as a participant in a High Stakes Mastermind Group, my goals have changed drastically. Both in my personal and professional life, I have had significant changes (job changes, re-locations, and family additions). Throughout all of these drastic life shifts, there has been one constant: the High Stakes Mastermind Group. As I have adjusted my life and entrepreneurial goals, the group has been there to listen, provide encouragement (and suggestions), and give me an avenue to continue feeling like I am making a difference both in my entrepreneurial journey and someone else’s.

For me the High Stakes Mastermind Group has been more than writing a goal plan, updating the plan, and staying accountable to my goals. (Throughout the last 11 months these have still remained the pillars of purpose in the High Stakes Mastermind Group). For me, the High Stakes Mastermind Group has been a rock during challenging life changes. When I meet with the group, I still feel like I have a purpose (and a brain). Instead of just being a “Mom”, I am still an entrepreneur who is working towards goals.

In the end, the intention of a High Stakes Mastermind Group is to typically have entrepreneurial members use each other as resources for success in their business endeavors. And while this continues to be a large part of the purpose of the High Stakes Mastermind Group for me, it is also a community. It is a community of entrepreneurs who care about each other and work together to meet goals, even if these goals are constantly in flux.

What have been your experiences with a High Stakes Mastermind Group? How has it benefited you, personally or professionally?

Not Enough Reason to Break a Commitment

It takes a special type of person to keep a commitment when life events happen.

We often talk about the essence of High Stakes Mastermind Groups being confidentiality and commitment, and  the closeness that it creates. So when a member has a life changing event, we have the first-row opportunity to envelop them in love and support. In the last few months the HSMmG family has had several “moments” with our members. We welcomed a grand-baby, an engagement, a family move and more. This past Saturday one member became a citizen of the US. After years of giving her talents, and her heart to America.  That’s commitment!

A couple months ago one of my members contacted me and said she needed to speak privately. It turns out that she was going to move several states away. But she said right away, “Don’t worry I’m not leaving the group. I plan to Skype into the meetings.” She’s taking her in-person membership virtual. That takes huge commitment.

What is major to some people is not a lot to overcome for others

If that weren’t enough this member was already pregnant at the time. She had her baby in December. And with the new baby, she’ll move across the country, and with no job prospects in sight, she is still remaining a member of High Stakes Mastermind groups.

It amazes me to have this happen, and to see this kind of commitment to The Mastermind group. That an individual would remain a member of our discussion forum, to be a sounding board to other members, while she takes care of a brand new baby and gets herself established in another state. Whew! That’s a lot!

We have seen a couple members leave before for much less dramatic reasons. Once or twice a member will leave simply because they couldn’t keep themselves accountable. It does take a special type of person to have that kind of commitment to remain a peer advocate for the other members and want to maintain in the peer-to-peer relationship that High Stakes Mastermind Groups provides for them.

If I only had a Crystal Ball

It’s not always possible to know ahead of time if members are not committed. Going into a Mastermind people will tell you exactly what they know you want to hear, and what they want to believe about themselves; that they’re all-in.  But then over time things may change. They don’t show up for every meeting. They make excuses why they didn’t the do the actions and achieve goals they set for themselves.

I had this happen with one particular member.  I would describe this person as a “professional student” always going to workshops, conferences, and seminars, and enrolling in a plethora of classes – all in the name of learning more about their business.  Sounds good.  But the reality is they they got so busy in the appearance of being busy that they never actually did any of their work.  They farmed out their clients to other consultants which meant they had almost no control of the end result, and spent about 40% of their gross earnings to pay sub-contractors.  Naturally their business goals were never met.  They left the group.  As painful as it was at the time, the members ultimately felt better when they knew 100% of them were 100% committed.

I couldn’t be more proud of these members who are so committed – to their own personal growth and to the other members of the group. If someone can have a baby and move out of state at the same time and still remain committed anyone can. Would something like this would benefit your own life and your business growth?

And while the members are of our groups are absolutely very special people, they are still people. Human beings with hopes and dreams and aspirations, just like you. All looking to take the “silo out of solo”.  Our members are empowered, energized, respected, trusted and valued. And I have to admit with this kind of commitment from my members, so am I. And grateful every day for that.