Can Your Mastermind Offer Insurance Against Failure?

TMBA279: Can Your Mastermind Offer Insurance Against Failure?
Date: 2015-01-29
Link: Tropical Talk Radio
 
Tropical MBAMasterminds allow you to put yourself in a setting of people with common goals.
You can’t fail. The embarrassment of showing up having not done what you said you were going to do is always worse that doing what you said.
Good to have people who share your business values (such as bootstrapping vs. raising venture capital).
No more than six people.
Do weekly or biweekly.
Have a hot seat (one person each meeting is focused on).
Ask the high-friction questions (the questions that make people uncomfortable).
Don’t let it turn into a social hour.
Understand how to ask effective questions. (“What are you thinking but not saying?”)
Force people to get clear on their desired outcomes.