Accelerate Your Firm's Growth with Your Own Legal Mastermind Group
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https://www.rocketmatter.com Lawyers rarely have time to focus strictly on their business because they are usually too busy practicing law. However, any successful business owner will tell you that carving out time to focus on strategy is the key to growing your brand and your profits. Sometimes learning from others is the best way to do just that—which is why starting a legal mastermind group of experts in your field can make a world of difference for your firm. Harvard Business Review said that “a mastermind group can provide honest feedback, help you refine your ideas, and share insights and leads. They can inspire you with their successes and support you when you face setbacks.” Whether your goals are to learn and implement new marketing strategies, streamline your law firm’s processes, or to grow by more than 20% in the coming year, join us to see how a mastermind group can help you accomplish more than you ever thought possible.
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Accelerate Your Firm's Growth with Your Own Legal Mastermind Group
- 1. Accelerate Your Firm's Growth with Your Own Legal Mastermind Group
- 2. 888-432-1529 www.rocketmatter.com A Mastermind group is a success building tool. It’s used to bring together achievement-minded people who are determined to reach their highest goals.
- 3. 888-432-1529 www.rocketmatter.com Is there anything in your business, professional development or personal development that you’ve been putting off?
- 4. 888-432-1529 www.rocketmatter.com Benefits of a Mastermind Group • Be a part of a group of inspired people you respect and admire • Accountability to stay on course for getting what you want • Support of your team and access to their expertise and network of resources • New ideas can come from the exchange and people offering new perspectives
- 5. 888-432-1529 www.rocketmatter.com First: Define Objectives for Your Mastermind Group
- 6. 888-432-1529 www.rocketmatter.com Your Mastermind Group is Your Advisory Board!
- 7. 888-432-1529 www.rocketmatter.com Example: Young Presidents Organization • A Mastermind group with 8 members, that has been together over 10 years • Meets in person once monthly, take summers off • Does multi-day retreats 1-2 times per year • Openly discusses: ✴ Hiring the Right People ✴ Business Plan Reviews ✴ Opportunity Reviews ✴ Pro Forma and Financial Reviews
- 8. 888-432-1529 www.rocketmatter.com Top 4 Tips for Starting Your Own Mastermind Group
- 9. 888-432-1529 www.rocketmatter.com 1. Start your group with one other person and grow from there.
- 10. 888-432-1529 www.rocketmatter.com 2. Look for successful people in your personal or professional life that have inspired you.
- 11. 888-432-1529 www.rocketmatter.com 3. Seek out group members in organizations, Facebook or LinkedIn groups that specialize in your area of interest.
- 12. 888-432-1529 www.rocketmatter.com 4. If virtual Masterminding appeals to you, look for potential members at national events.
- 13. 888-432-1529 www.rocketmatter.com How do you cultivate the right group? • They must relate to your on a personal level • They must have similar, yet different experience • Competitors v. Allies • Vary the temperament, strengths and personalities of your members: idea people, detail people, risk takers, etc.
- 14. 888-432-1529 www.rocketmatter.com Next: Establish a Structure for Your Group’s Meetings
- 15. 888-432-1529 www.rocketmatter.com Critical Questions to Ask • How often will you meet as a group? • Which day of the week or month? What time? • How long is each meeting? • Is there a limit to how many members can join the group? • When and how are new members added to the group? • What is the criteria for evaluating new members?
- 16. 888-432-1529 www.rocketmatter.com Sample Agenda and Structure • Start with informal catching up (10 mins) • Updates on where each person is with goals from last session (5-10 mins) • “Hot Seat”- Take a dive into a specific challenge that one member is having and offer up potential actionable solutions (20-30 mins) • Wrap up with an open forum to discuss any major outstanding challenges from other members, state goals that each person wants to accomplish before then next session, then book the date and time of the next session (10 mins)
- 17. 888-432-1529 www.rocketmatter.com Decide on a Group Leader • This will be the person who keeps sessions on track, schedules the next meeting, does the agenda for each session, and sends recap notes with everyone’s goals. • In charge of organizing the Mastermind group, recruiting new members, managing the logistics of getting everyone together in person or online.
- 18. 888-432-1529 www.rocketmatter.com Decide on a Moderator • This person keeps the meeting organized and on track with the time you’ve allocated to each activity • They may also organize group retreats and once- yearly training on how to run a better meeting
- 20. 888-432-1529 www.rocketmatter.com Confidentiality • You’re creating a safe environment where everyone can be a “work in progress”
- 21. 888-432-1529 www.rocketmatter.com Preparation • Review your vision, goals, and the concrete measurable results you’re trying to achieve • Refresh your action plan, and bring a version you can share with your group • Bring questions you want to ask your group, and a clear sense of what you want to walk away with
- 22. 888-432-1529 www.rocketmatter.com Give and Receive • Giving feedback and ideas to others is great, but being willing to open up, be honest, and receive will also determine your value to the group as well.
- 23. 888-432-1529 www.rocketmatter.com No Judgment • You cannot force a Mastermind group member to take action, but you also cannot stand in judgment of their decisions. Find another way to keep a member accountable.
- 24. 888-432-1529 www.rocketmatter.com Share Evenly • A regular practice of pitching in to solve problems that are outside of your typical area of expertise will give you new perspectives and idea to implement within your own business
- 25. 888-432-1529 www.rocketmatter.com How to find a pre-existing Mastermind group • There are professionally-run mastermind groups that pre- qualify you and place you into the right group for your needs • If you’re interested, do a Google search for a group in your area • Sometimes these groups revolve around a specific goal such as writing a book or growing your business. • They can also be holistic, focusing on all areas of life
- 26. 888-432-1529 www.rocketmatter.com You can get greater, more focused results if you just start your own!
- 28. Thank You!Jeff Shavitz | jeff@lexcharge.com Nefra MacDonald | nefra@rocketmatter.com
Editor's Notes
- If there’s something you want, your Mastermind group will help you figure out how to make it happen. When a whole team of people brainstorm ideas together, the results far exceed what one person could come up with alone. Mastermind groups meet on a regular basis, by phone, video chat or in-person. They celebrate successes, hold each other accountable, and achieve breakthroughs with the support of the group. Your deepest desires turn into tangible goals as you draw on the group to create powerful plans of action. It’s a safe and nurturing place where everyone believes in your ability to lead your life in the direction of your dreams.
- Any ideas that you've had that you've failed to put an action plan behind or follow through on?
- Why do you want to do this? In which ways do you want to grow? What’s the area you most want to tackle? * Jeff- Like minded people, but different perspectives
- You don’t have to wait until a full group is in place to benefit from Masterminding. *Show video here to talk about how important that second person is
- Then take a deep breath and invite them.
- Then take a deep breath and invite them.
- These should be mutually agreed upon Masterminds can vary in time, but can be up to several days
- Your job as a mastermind member is to trust the members of your group to keep that commitment, so that you can be open and forthcoming in the discussions and help create a valuable experience for everyone
- Accountability Quick Tips 1. Set the expectation that members will accomplish the tasks they’ve committed to finishing 2. Help members to understand why they’ve chosen the goal and tasks to help keep their motivation high 3. Recognize their efforts verbally in front of the group 4. Ask the group to applaud the member who reaches a big milestone or has a big win – peer accountability is a powerful force 5. When a member doesn’t get things done, ask from a place of curiosity rather than criticism (and don’t allow other members to be critical…teach them how to neutralize their questions around the member’s commitment) 6. Plan for check-ins between meetings, so you will know if the member is on track 7. Suggest that members have an accountability partner they meet with regularly to discuss where they are with their tasks and goals 8. Pay attention in every meeting, looking for members who consistently are not reaching their targets (or not setting targets at all)
- Arguably the most important tenant of a mastermind group that keeps members coming back for more, is putting in place a structure that encourages even sharing. While one purpose of joining a mastermind group is, without a doubt, to help overcome challenges in your own business, it’s just as much about stepping back and selflessly helping others accomplish their goals.