5 steps on how to create a world class mastermind group

Keeping the quality of participants high and consistent is key, so it’s better to not join some random one across the web. If you can’t easily find a mastermind group, a good strategy could be to set one up.
June 19, 2024
Tarush Aggarwal

Tarush Aggarwal

Founder and CEO

A mastermind is a small curated group of people who meet regularly to help one another achieve their goals. Being part of a mastermind was definitely in my top 3 decisions I made in 2020. Unfortunately, masterminds are not very common; I hadn’t even heard of them while I was living in America. Keeping the quality of participants high and consistent is key, so it’s better to not join some random one across the web. If you can’t easily find a mastermind group, a good strategy could be to set one up. I've put together some practical advice on how to get started.

Identify your niche.

What theme of your mastermind? It helps to go niche to keep the group focused and indenting true experts. Remember vague input leads to vague output. Entrepreneurship isn’t niche enough in my opinion.

Create a short list

Find 20 experts on the topic. You can go ambitious here (ambitious is good but keep it realistic. Ben Greenfield probably doesn’t want to join your wellness mastermind). LinkedIn could be a good tool depending on the niche. I would try to keep it to 2nd degree connections for some personalization but it’s not a must.

Gather interest

Keep it short, email is good and a few lines of context at most. If they express interest you can jump on a zoom to give more context. Remember people like being part of like minded community and don’t like being sold. You’re only looking for 6-8 people. 10 max. Keep the group small to increase value add.

Consistency is the trick

the secret to a successful mastermind is consistency in both meeting frequency and participation. I would recommend meeting every week for 60 minutes for a minimum duration of 3 months. The value grows exponentially with time. Find a way to keep everyone accountable and participation high.

Loose structure strictly followed

Agreeing on some guidelines on the structure prevents people from going off into stories. Be mindful of time. A good structure to begin with is 15-minute intro, 40 minutes hot seat or skill sharing, 5 minutes accountability and follow-ups (if any). If you have more than 6 people, consider 90 minutes.

Remove the frustration of setting up a data platform!

Building a data platform doesn’t have to be hectic. Spending over four months and 20% dev time just to set up your data platform is ridiculous. Make 5X your data partner with faster setups, lower upfront costs, and 0% dev time. Let your data engineering team focus on actioning insights, not building infrastructure ;)

Book a free consultation
Excited about the 5X + Preset integration? We are, too!

Here are some next steps you can take:

  • Want to see it in action? Request a free demo.
  • Want more guidance on using Preset via 5X? Explore our Help Docs.
  • Ready to consolidate your data pipeline? Chat with us now.

Table of Contents

#SharingIsCaring

Get notified when a new article is released

Please enter your work email.
Thank you for subscribing!
Oops! Something went wrong while submitting the form.

See 5X BI in action

Book a demo
Please enter your work email.
Thank you for subscribing!
Oops! Something went wrong while submitting the form.
Get Started
First name
Last name
Company name
Work email
Job title
Whatsapp number
Company size
How can we help?
Please enter your work email.

Thank You!

Oops! Something went wrong while submitting the form.

Data salaries across the US are rising again!

Build a high-performing team without breaking the bank

Learn more