I have been in business for 17 years, and I attribute much of my success thus far to the power of masterminding. For the past 10 years, I have participated in several mastermind groups that have empowered me to set goals, be accountable to those goals, and achieve specific business outcomes. Some valuable long-term relationships have developed due to my participation in mastermind groups as well.
But not all Mastermind groups are created equal. I have learned something in every single one of them, but one of the most valuable things I’ve learned is what to look for in a good Mastermind partner. If I don’t see each of these traits in everyone in a prospective Mastermind group, I have learned not to participate.
It’s not that I’m better than anyone else. It’s just that I know what works for me. If I can see in advance that something won’t work for me, I skip it. I thought I’d share a few of the things I look for in solid, reliable Mastermind partners. This may help you choose wisely among your own Mastermind opportunities.
10 Traits of Worthwhile Mastermind Partners
- They are planners. Good mastermind partners have a calendar, and they use it. They are willing to schedule mastermind meeting dates and times well in advance, and they don’t skip a meeting because they are double booked. Good mastermind partners don’t allow themselves to get double booked.
- They are committed to their businesses. Good mastermind partners do not skip a meeting because they cannot find child care or their husband is sick. I know this may sound uncaring or cruel, but a good Mastermind partner will have back up child care lined up, or they will give out how to bring the child with them, because their business is a priority, and they don’t want to miss a chance to focus on it exclusively in a group composed of people who can help them push the ball forward.
- They have a lot of energy and stamina. Good mastermind partners don’t let a minor cold keep them from keeping their commitment to you. Of course they don’t show up and infect everyone, but if they have to miss a meeting due to illness, they give as much notice as possible. They always try their best to pull themselves together enough, even if they are not feeling at their best, to give you as much energy as they can muster — because they know you are counting on them.
- They share resources. Good mastermind partners share links, programs, books, training materials, quotes, and everything else they can get their hands on that will help everyone in the group be successful. They are not selfish. They are giving and humble, and they want you to succeed as much as they want to succeed themselves.
- They are accountable. Good Mastermind partners agree to be held accountable to specific tasks, and they are prepared to keep everyone posted on their progress.
- They are transparent and vulnerable. Good mastermind partners are not afraid to admit that they don’t know something, or they are lost, or they are frustrated, or that they have failed. Conversely, lousy Mastermind partners think they know everything.
- They view failure as an opportunity to succeed. Avoid masterminding with people who believe that experiencing failure makes you are a failure. This kind of thinking poisons and deflates the entire community. Choose people who are eager to learn as quickly as possible from failure, so they can move past it to the success that awaits.
- They respect the value of time. Good mastermind partners know that time is their most valuable asset, so they respect theirs and yours. They are punctual and they don’t take up more time than they are allotted in any given meeting.
- They keep their promises to the group. Good mastermind partners follow through to achieve specific goals. If they don’t follow through (because, yes, life happens), they explain why they chose not to follow through, and they quickly pick up where they left off and make progress. Good Mastermind partners know that momentum is critical. If one person falls behind week after week, month after month, it affects the forward progress of everyone involved.
- They have a positive and entrepreneurial mindset. Good mastermind partners know that it’s not enough to have a positive mindset. There are lot of positive people who are not entrepreneurs. A positive mindset can only take you so far if you don’t also look at the world through the paradigm of an entrepreneur. A good mastermind partner: (1) sees opportunity everywhere; (2) knows that business is a marathon, not a sprint; and (3) does not take “no” for an answer.
What do you look for in good mastermind partners?