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How a Mastermind Group Can Accelerate Your Success

How a Mastermind Group Can Accelerate Your Success

Answers to 7 important questions everyone asks... 

By Jackie Jarvis Business Coach and Author based in Oxfordshire

Who is supporting you in your business? 

Who do you tell about your difficulties – highs and low?

Who is your witness to your achievements?

Who can give you unbiased advice and a different perspective?

Working alone, either as a sole trader, professional or as an MD or Director can be tough. As human beings we all naturally like to be part of a community, to feel a sense of belonging and to gain support in our lives. 

Building your business can be a very rewarding experience but at times a solitary one.  

Every day you may be busy interacting with clients, staff, and suppliers, making tough decisions, dealing with problems, wrestling with what you need to do to achieve the success you aspire to, at times yearning for that bit of extra support. Someone who cares who is on your side, someone to give you a different perspective. This can’t always be your partner, husband, or wife (if you have one), but it could be your Mastermind Team!

I am going to share with you answers to 7 key questions

1.  What is a mastermind group?

2.  What does it aim to achieve?

3.  What are the benefits?

4.  How does it work?

5.  How regular should it be?

6.  Who should be in it?

7.  How can you get involved in one yourself?

Based on the concept that we can all be ‘greater than the sum of our parts’ and that we are the ‘average of the 5 people we spend most time’ with (suggested by Jim Rohn, author and motivational speaker) a mastermind group can be the business and personal acceleration trigger many of us working alone in business need. 

1.  What is a Mastermind Group?

A mastermind is a peer to peer mentoring group of business owners or professionals who meet on a regular basis (face to face or virtually) to help each other to work to their highest potential and hold each other accountable. Many successful entrepreneurs today, (Bill Gates being one) have used mastermind’s groups to help grow their business and work on their personal development. 

Are the people you spend the most time with helping you with your personal and business’ growth? 

If not, being part of a mastermind group could be worth considering. 

2.  What does a Mastermind Group aim to achieve? 

Its ultimate purpose is to accelerate business success and personal well being of the members and provide a sense of belonging and community.

To create an environment of trust and openness within which members can feel supported and respected

And to provide a stable community of business and personal intelligence that can be relied on to provide a different perspective on challenges and guidance for growth.

3.  What are the benefits?


When you have someone to report back to you there is more chance of you doing the things that you say you are going to do.

So, the first reason that I give to any business owner considering joining a mastermind group is because the people in that group will keep you accountable. 

Every month, in both the mastermind groups I run and in my own group, we ask each member how their business is progressing and if they followed through on what they planned to do last week. 

I find that this puts just enough pressure on to make sure I do what is on my action plan, and on all those in the group. I find people want to be able to come along and say I did it. It provided the deadline that may be missing if you don’t have anyone but yourself to report to.


A mastermind group will give you unbiased feedback from people who are trying to build a business just like you. They have a special insight and mindset that is hard to find elsewhere.  These like-minded business owners will tell you what they think is wrong or right about your ideas with no judgement or hidden agenda. As they are not your customers and not your competitors and can potentially save you making mistakes you may otherwise make.


The people in your group can be your best source of advice at times when you’re unsure where to turn to.  The ideal members in any group will all have a very unique yet relevant perspective. This makes for some amazing insight, ideas, and introductions that from my experience, and that of members of my groups and others I know, helps enormously when it comes to what direction to go in and what next steps to take.

Collaboration and Referrals 

Not only could your mastermind group allow you to collaborate on ideas, but you could help people or get people in your group to work with you on projects or tasks.  And you may find the natural rapport and trust building that occurs within a good mastermind group will result in a natural desire to refer each other. While this isn’t the main purpose of a peer-mentoring group, as a result of meeting with other talented business owners and professionals on a regular basis, you might find opportunities to work with or pass work to other members in your group.


There’s could be an opportunity for you to promote other members services in a natural way and visa versa. You might blog for each other, as guest bloggers, support each other’s’ social media or offer your clients a special promotion or opportunity one of the members has. There is no pressure to do this, but you may find that these things naturally fall out of being together so much and building trust and understanding of each others business. 

In one of the mini-mastermind groups that I lead (group of 4) – all the members have ended up being each others customer. 

Specialist Knowledge and Expertise

The members in your group, chosen correctly will have different specialties, knowledge, and areas of expertise. Maybe you’re someone with a lot knowledge in finance but need help in marketing. Maybe you have great strength in communication and insight but lack business development skills. Maybe you are weak in IT systems and processes but great at managing people.

The blending of different backgrounds, skills and knowledge creates a fantastic environment for you to learn, play to your strengths and improve your weaknesses. I’ve learned a lot from the members of my mastermind group about areas I previously had only a small amount of knowledge. I can also see how much members of my groups gain from each other. If you get the mix of business knowledge and strengths right –the sum of all the parts can be great.  Much greater than you can be alone.

There will always be something special and unique that you can bring to your mastermind group and that others will bring that will be of value to you and the rest of the group. 

Support and Solutions 

Besides being a support group to encourage you and keep you going when you encounter difficult challenges and harder times in your business, your mastermind can be a place where you can get your questions answered and very often solutions to your most pressing problems.

Every month in my mastermind groups, I see how much someone is blown away by the quality of help and solutions they receive to help them with their problems. It never ceases to amaze me how much insight can be generated as a group during the special mastermind style exercises. I can see how everyone learns from each other’s’ issues.  All of us at some point will have similar issues and this formula provides a safe environment to explore it.

Many of the members in the groups I have run have described it, almost like counselling at times. They have felt safe enough to be open and vulnerable knowing that they can fully trust the people in their group. (they all often laugh and admit to needing a bit of counselling from time to time!)

I am sure you agree these benefits are substantial – but what is it about the way it works and the rules it follows that makes it possible to realise these benefits month after month?

4.  How does it work?

From my experience both being in a mastermind group, running them for others and listening to the experiences of my colleagues who are in groups, here are some of the important things that need to be in place for a mastermind group to work well.

•  Put the right people together (that fulfill the group’s criteria)

•  Ensure all participants expectations are all understood

•  Have a facilitator who follows a structure but allows for wiggle room 

•  Create an environment where honestly and transparency is welcome

•  Everyone needs to be interested in each other and everyone needs equal air time

•  Focus on building of trust and the relationships

•  Make sure it is Confidential – what is said in the room stays in the room

•  Be open enough to share and work on challenges

•  Get clear about what you all want to achieve from the group from the start

•  Help your group to help you by preparing and giving feedback

•  Keep an open mind when given different perspectives

•  Commit to be held accountable 

•  Commit to the agreed meetings (you will let the team down if you don’t turn up!)

5.  How regular should it be?

From my experience to maintain the connection and focus it groups need to meet every month to every 6 weeks. I have also been asked if face to face is better than virtual. I would say for me and those I work with face to face is better. Virtual on Skype or Zoom can also work if the face to face is not possible, but the interaction and sharing is not quite as strong.

6.  Who should be in it?

How do you decide who to have in your group? 

If you are putting your own group together it is important to pick the right people.

You are going to be sharing personal and business information about where you are now and where you want to be, and you are going to be building a long-term relationship of trust. You will be opening to being influenced by these people. Remember the famous Jim Rohn’s statement that we are the ‘average of the 5 people we spend most time’ with. If we are going to be part of a mastermind group of 6 people (I would advise this as a good number to have in a group) you will want the other 5 to be the right people for you to spend that time with. 

It is a good idea to choose people with: 

•  Common objectives

•  Shared values

•  Can offer different perspectives and expertise

•  You like them (this will develop in the right environment too)

•  And you have or can build professional respect for each other 

7.  How can you get involved in one yourself?

There are various ways to get involved in a mastermind group. 

You could put one together yourself and take it in turns to facilitate it or you could put one together yourself but use a professional business coach to facilitate it (like me!) 

Or you could apply to join one. There are various business coaches who put together and run groups. I do this in Oxfordshire.


If you are interested in joining one of my groups in Oxfordshire. I run something that I call mini-mastermind groups for 4-6 people. Here is a link to more information on my mini-mastermind groups. I can either help you to put the group together and we can run it from my meeting room in Wallingford or at the venue of your choice or I can work to put you with the right group of interested parties. 

I would like to finish with some quotes from 4 members of one of my mastermind groups which have been together for over 3 years! 

‘I would not be without my mastermind group. It is a rare opportunity for authentic, honest, and purposeful engagement with a small, trusted group of fellow business owners’

Alan Hester – Leadership and management author and trainer

‘Being able to talk to like-minded business people openly and honestly is invaluable. Listening and being listened to is hugely important – and within this group most importantly I feel heard.’

Alison Harrison –  Accountants and book keepers 

‘Being part of a mastermind group give me that all important space every month to reflect on my business and gain the clarity to move forward’

Graham Berry – Software development consultancy

‘Being part of a mastermind group gives me an opportunity to share important insights and develop new ideas in an open format – it helps me with my decision making. I really value perspectives which are different to mine.’

Barry Luff – Taking new products to market sales consultant

Next Step

If you would like to speak to Jackie about the possibility of joining or forming a Mastermind Group, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or call 07801293022 for an initial conversation.

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