Micro-networking with Mastermind Groups

The heart of networking is building business relationships that help all parties grow their businesses. The closer the connections, the more likely you will send and receive good referrals.

Networking events, chamber of commerce activities, and referral groups are great places for making those connections.

Another venue for excellent networking opportunities is mastermind groups. You can form such a group by inviting three or four close associates. You meet weekly, bi-weekly, or monthly in person or by phone. The purpose of mastermind groups is to harness the power of the group for the betterment of all. The creative power of four or five together is much greater than that of the individual.

The group helps to hold each person accountable for their accomplishments. They make suggestions. They share their own experiences related to your current challenges.

As group members run across people in need of the services of another group member, they refer them.

In the mastermind group to which I belong, we have three agenda items:
For two minutes each we share our “wins” since our last meeting. What went well.
For 10-15 minutes each we share our current challenges and major projects. Here we solicit feedback and help.
We close by listing our action items for the following week.

My group meets by phone since I live in Nebraska and the other two live in Florida and Georgia. Each of us has very different personalities. This synergy helps us balance our ideas.

Here are some blogs related to mastermind groups:

http://www.evancarmichael.com/Mastermind-Group/2007/08/is-your-mastermind-good-fit.html

http://elizabethpottsweinstein.com/2007/07/08/what-do-you-do-in-a-mastermind-group/

http://www.erinpavlina.com/blog/2007/07/mastermind-groups/

http://www.thenewsletterguru.com/2007/08/03/the-absolute-power-of-a-mastermind-group/

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