5 Ways Masterminds Helped Me Grow My Business to 7-Figures (Episode 77)

Melyssa Griffin

15 min

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I’m a former high school teacher turned entrepreneur who loves few things more than a good hug, hopping on a flight to anywhere, and teaching people like you how to live an abundant and limitless life.

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In today’s episode I’m talking about masterminds. Specifically, how masterminds have helped me in my business and life. 

When I joined my first mastermind back in 2015, I was really craving community, empowerment, and coaching. The results that came within that first year were nothing short of astonishing: I hit over $1 million in revenue, 5x’d my income,  and met people who have become some of my best friends.

Yeah, you can say it was pretty freakin’ life-changing!

I’ve gotten to see a medley of ways to run them, as well as getting to know some incredible leaders and mentors. I’ve also witnessed incredible results from fellow participants and have been a part of some epic collaborations.

Today I wanted to share with you the 5 ways masterminds have helped me grow my business to 7 -figures as well as my biggest takeaways, from the masterminds I’ve been fortunate enough to take part in. 

The positive outcomes that I’ve personally experienced by being a part of several business masterminds is one of the reasons why I decided to create the Bold Abundance Mastermind. I share more on what makes this experience different from other masterminds and how it will help you step into that next level version of yourself — the version of you who has accomplished more than you ever thought possible.

If you’re feeling like you need community, support and strategy to get to your next level, then listen in on this episode today because I go deep into the ways that being a part of masterminds has leveled up my business!  

Let’s dive in!

Listen to the episode below:

This episode discusses topics like…

  • My definition of a “mastermind experience”
  • The powerful creators, new friends and collaborators I’ve met through masterminds
  • How masterminds will lead to no more hiding in your life and business
  • The ways that you can take advantage of “the road already travelled”
  • The deep mentorship masterminds will provide, and how you will earn the access to this high-level mentorship 
  • Abundance, possibility and the other mindset shifts that can come from joining a mastermind

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Share on social?

Did this episode help you expand what’s possible for your life or business? Do you think your social media followers may learn something, too? I’d be forever grateful if you shared it on social media. 🙂 If you do, tag @melyssa_griffin and @limitlesslifepodcast so I can repost you! Woohoo!

I’d love to hear your thoughts on this episode. How much could your life change if you were supported and guided by a group of people who understand you, believe in your vision and are already doing what you want to do? If you are interested in learning more about my mastermind, you can go to http://boldabundancemastermind.com/.  We are accepting applications right now! Hurry, applications close August 7th, 2020!

Thank you SO much for being here. I’m honored to walk this journey with you. See you in the next episode!

xoxo
Melyssa

Read the Episode Transcript Here

Melyssa
Hello, limitless life crew. So today’s topic is all about masterminds, and specifically why masterminds have helped me grow my business. Over the years. Now, I’ve been a part of six different mastermind programs over the past four years. So I’ve gotten to see a medley of different ways of running masterminds. I’ve worked with different coaches and mentors, and have seen just incredible results from being part of these types of programs. And so I want to share with you some of the results that I’ve gotten and some of the takeaways that I’ve specifically received from being part of masterminds because I feel like the idea of a mastermind can seem like this sort of ambiguous thing. You’re like, okay, I’m going to be with all these people. We’re going to be learning stuff. I don’t know what I’m gonna be learning is so what am I gonna actually get out of being in a program like this? And if you’ve never heard of a mastermind before, then it’s essentially an incubator for entrepreneurs.

And what it does is it combines a medley of group coaching with retreats or events, and also just this community aspect of being surrounded by other people who are working on big visions and have goals that they’re trying to achieve. And they’re really driven to grow and escalate their business. And so I’ve been a part of several different mastermind programs, and I’m going to share with you some of the things that I’ve taken away from them over the past few years and how they actually help my business to grow to seven figures very quickly. And before we dive in, I also want to let you know that my mastermind program the bold abundance mastermind is currently open for enrollment and accepting applications. applications do close very soon on August 7, so make sure to get your application in soon You can visit bold abundance mastermind.com and learn more about the program. submit your application and We are going through the applications and inviting people to an interview on a first come first serve basis. So the sooner you get your application in the likely or you have a shot at getting into this program.

The thing that I think makes our programs so different is that we focus on rock solid six and seven figure business strategy to help you grow your business. But we don’t stop there. We also incorporate deep transformational mindset and self awareness work so that you don’t only grow as a business but you also grow as a leader, as a CEO as a human being, so that you can stop getting in your own way and actually get sustainable results and success instead of just a strategy that works right now, but then is held back in the future because of a fear or limiting belief that gets in your way.

So we are all about combining mindset with really solid business strategy and then of course in the container have a deep sense of community with other people. So bold abundance, mastermind dot com if you want to learn more and submit your application before August 7.

All right, so let’s get back to masterminds in general and what I’ve gained from being part of various mastermind programs over the years. So the first thing, I’m going to share five different things that I really got to take away from these programs. The first thing is, you just have so many powerful creators who are suddenly in your corner, like all of these people who are in the program with you are now your friends. It doesn’t matter if you’ve met them or you know them very well. You have this thing in common and now all of these people are essentially on your team. So for me, when I first joined a mastermind, I was at a point where my business was starting to gain some traction. And I had friends who also had businesses, but they weren’t at the same level as me or they weren’t growing into the same level as me. And so I love them as people. But whenever I would talk to them about business, it turned into more of a coaching session. would give them lots of advice and help them to grow their business. But I felt like I was always depleted after those conversations because I wasn’t getting my own cup filled. And I had outgrown a lot of those relationships that I had made and suddenly found myself feeling really isolated. Like no one actually understood what I was going through, I wanted somebody to like “get it”, you know, somebody to bounce ideas off of somebody to laugh and cry with when things went well or didn’t work out. And it just didn’t feel like I had those relationships in my life. So that was a huge aspect of just wow, suddenly, I had all of these friends who got it when I would talk about things and who were in the same sort of place that I was in my business.

And these people turned into collaborators, brainstormers cheerleaders, truly just people that I’ve been able to keep in touch with and maintain friendships with for years later. And in terms of collaboration, which I think is one of the unsung heroes of being part of a mastermind. I got to be on some of the top podcasts in literally the world because I happen to be in a mastermind with those people. And so they invited me to be a guest. I did a webinar with somebody who was I was in a mastermind with, we decided we were going to do this webinar to earn back our investment from being part of the mastermind paying for the mastermind program. And we did this webinar together, grew our email lists by thousands of people and earn back even more than what we paid to be in the mastermind program, one webinar.

So there was just so much room for collaboration with all of the various people that you get to meet in a mastermind and actually earn more revenue get in front of new audiences that all these people have worked so hard to build themselves and just maintain those friendships with people who actually get what you’re going through and what you’re trying to create. Number two is that there is a no more hiding when you’re in a mess. To your main program, now you’ve got the attention of all these other members who are part of the program with you, and the coaches or mentors who are leading the program. They’re watching you, too. Now you get to be accountable to your goals, you don’t just say you’re going to do something and then not do it. Because now you have people who are going to follow up with you and make sure that you’re actually doing the things that really matter to you. They also are going to see you as this next level version of yourself. That’s how I felt is that they always saw me in terms of where I was going versus where I am right now. And that was actually really profound to feel like people were seeing this bigger, brighter version of me that I wasn’t necessarily seeing in myself yet. I actually remember in one of the masterminds that I was in, we were doing this small group activity with the other members at one of the retreats. And it was an activity where people were talking about you and you were there listening And you couldn’t say anything. But they were just talking about you talking about what they thought of you. Yeah, I know. It sounds a little nerve wracking. But what ended up happening was that they were talking about me in such a kind way. Like they were seeing the things in me that I was hoping people would see the things that I loved about myself and my leadership. And not only that, but they were also seeing things in me that I wasn’t seeing. They were speaking to qualities in me and in my business that I didn’t really know existed. And what was even more profound was that they were starting to share ideas of how I could grow my business, things that they had seen or had thought about, that were actually profoundly helpful for me. And one thing that they suggested was they said, I don’t know why Melissa doesn’t have a mastermind yet. I think Melissa would be an amazing mastermind coach, and she should have mastermind and everyone started greeing in this little circle, and I was just sitting there listening, thinking, Oh my gosh, I can’t even imagine having a mastermind this was years ago where I just didn’t feel good enough, I didn’t feel knowledgeable enough. I didn’t feel like a leader enough, you know all the things that crossed your mind when you’re thinking of starting a new program. But here I was in this group of people who were seeing the bigger vision of who I was. So there was no more hiding anymore. And from that experience, I actually created a mastermind, which not only was a huge revenue driver for my business, but actually ended up being one of the most joyful things I’ve ever created inside my company. And if it weren’t for that, retreat, that experience that I had with those mastermind members from the mastermind I was a part of, I don’t even know if I would have created a mastermind. Or at least it would have taken me several more years to gain the confidence to see that possibility within myself. And that’s what’s available. To you and you’re part of a mastermind program is you have this group of people who see the best in you, who want the best for you, and who actually helped to pull out those things from you that maybe you’re not seeing within yourself right now. It’s just a really profound experience to be seen and loved in that capacity. Number three is what I like to call the road already traveled. So basically, when you’re creating and growing a business, you don’t have to reinvent the wheel. Like what you want to do has probably been done before, at least in some capacity. But once you’ve kind of got the foundation set and in place inside of your business, what you need does become more nuanced. You can’t really just buy an online course or watch a YouTube video because a lot of the information that you’ll find in something like that would be more beginner level and less nuance to your own specific needs. Because now you probably have some more unique needs inside of your business. You’re not looking for just the foundational beginner level stuff, you now have some clients or you’ve got sales of your courses or whatever it is that you’re putting together followers on social media, etc.

And so now you need to know, okay, what are the more nuanced ways that I need to grow this business that would actually help me scale more quickly reach more people make more revenue. And so you need both nuanced advice, and you need it from somebody who actually gets your business model because it’s one thing to get business advice from somebody and it’s a totally different thing to get it from somebody who’s actually created what it is that you want to create, personally. And so I find that joining a mastermind with a leader who has been there done that understands what it is that you want to build, because they’ve built a very similar type of business can benefit you so much because we’re not trying to like do the exact same thing as the coach or mentor that you have. But being able to learn from their experience and take the nuggets of wisdom that they’ve learned along the way, because ideally, they’re going to be quite a bit further along in business than you are like that will save you so much time. And for me, all of the masterminds I’ve joined have been led by people who have created similar types of businesses in different industries and niches and all of that type of thing.

But they’ve created something that I’ve wanted to do, whether it was creating an online course business, or whether it was being able to get really great publicity for their business, like they’ve all done different things that I wanted to learn more about how to do. And so I feel like when you join a mastermind, it’s important that the person leading it has done something that you want to do and it doesn’t have to be every single thing that they’ve done, but some sort of focus that you want to have over the next six to 12 months, is something that they have a legit amount of experience in doing or creating. And that was really big for me to. One thing that I actually remember was back when I was more in the beginner stages of launching online courses, I thought that the way to do it was to create a new online course every time you were going to launch something. I had this fear in my mind that if I relaunched the same course twice, then people would be annoyed. It’d be like, well, I already saw this course I didn’t buy it then. So why would I want to buy it now? And so I started creating a lot of different online courses, which was extremely time consuming because I was constantly creating new courses constantly creating new launch materials, and talking about all of these different topics. But one of my coaches told me in a mastermind that I was in, completely changed the way that I set up my entire business. He asked me, “Is every single person on the planet who needs that first course that you created? Have they enrolled in that course?” And I said, probably not. He said, Well, you would save a lot of time, and help a lot more people, if you double down on that course, became more known for that program. And didn’t have to create tons of new courses. And instead just enrolled a whole lot more people into that one course until you maximize all of the people that could be in that program. And then you can move on to something else.

Hey, limitless listener. We’ll get back to the show in just a moment. But I wanted to take 20 seconds to invite you to the free at home digital retreat that I created just for you. It’s called limitless entrepreneur and it’s all about helping you to create an abundant, fearless mindset, all growing your online business. You want to join Just visit limitless entrepreneur retreat.com to register. It’s totally free. That’s limitless entrepreneur retreat.com. All right friend back to the show.

And that, my friends, is how I became known as a Pinterest expert many years ago, where I decided to just focus on my Pinterest marketing course at the time and get as many people enrolled in that program as possible. And it worked so well because I became known in my industry for this niche topic, which helped me to actually grow my business much more quickly. I actually went from earning about $200,000 a year in 2015 to 2016 earning $1.3 million per year. And that was the first year that I had joined the mastermind by the way. So this was when I was transitioning to doing online courses and was becoming known as an expert because I was focusing on one thing versus launching a new course every month basically, is what my plan was previously.

And that was just one piece of advice that that mentor had given me. But it changed the entire way that I do business up until today. And it has served me so well. So that type of nuanced support and feedback is just not really something that you can get from watching a YouTube video or whatever, you know, taking an online course it’s something that really comes to you when you’re working with a coach who’s done what it is that you want to do. Which brings me to point number four, which is, in my opinion, deep mentorship. Before joining mastermind programs, I didn’t really know what a mentor was, I didn’t know how you get a mentor. like where do people find these mentors that they can just call up whenever they want. And I realized that a lot of that is is about access. How do you gain access to people who have created really successful companies and Who are amazing coaches, because those people are busy, they’ve got their own things going on. And so it’s not quite so easy if you just want to send them an email or something like that, like you need to earn the access to high level mentors. And that’s what I found inside of mastermind programs is that suddenly I had access to these people who I admired so deeply who had created amazing results in their business and lives, and who suddenly were now my mentors. I actually when I was going through my burnout in 2018, and if you’ve listened to any of the previous episodes, you may have heard that I took a six month sabbatical from my company because I was so burnt out from working so much and just feeling pretty lost and confused about the direction I wanted to take my business. And I remember at that time, even though this was two years after this particular mastermind had ended, I was still in contact with the mentor that I gained from that mastermind even after the program was was over. And I really respected him and, and likewise. And so he heard through the grapevine that I was going through this period of burnout.

And he reached out to me and said, “Do you want to talk about it?” And so we talked on the phone for about an hour. And normally for a call like that he would probably charge $1,000, if not more, because he’s a really successful coach. And he just did it for free because he cared about me. And it really shifted how I was feeling about my burnout, it shifted me to a place of acceptance of curiosity instead of fear and guilt and shame. And just that one call and knowing that this person still cared about me even years after the program was over, just reminded me of how freaking valuable being part of a mastermind program actually is. How the mentorship that you gain from being part of a mastermind just changes everything. It really changes everything to know that you have someone like that in your corner, basically forevermore. So that was really meaningful to me. And even just being part of masterminds and watching how these people lead. It impacted my own sense of leadership and helped me to step into my role as a CEO of my company instead of as somebody who felt a solopreneur I really gained so much from just watching the way that they led, watching the way that they showed up in the world the way that they valued certain things over others. That alone was really profound.

And the last thing that I want to share about how mastermind programs helped me grow my company, grow my mindset connect me to amazing people. Is that it really they shifted my mentality from scarcity to abundance. Because when I first started joining mastermind programs, I was a little afraid, I both thought I’m not good enough. I’m not worthy enough, I’m not smart enough, pretty enough, all of the enoughs. And I also had this fear that everything could disappear at any moment. Everything that I’ve worked so hard to create could just stop working people would stop buying, everyone would just unsubscribe and everything that I built would disappear. And that was a really profound fear for me for a while. But as I stepped into these mastermind programs that I was joining, I noticed that the collective attitude of the people in the programs was one of abundance and possibility, instead of fear and scarcity. Even if a lot of the people in the programs were feeling afraid or feeling the scarcity mindset like I was. When we came together, and when we came together under the leadership of the mentors or coaches in the program, everything just started to shift.

It was like we were we wiring ourselves on a fundamental level and the way that I started to view my business and my entire life changed. Because now I was seeing things through the lens of possibility of things working out of looking for solutions instead of problems, of assuming that things are going to go well. And just that mindset shift of seeing possibility instead of problems changed my entire life to this day. And so I think that that’s something that almost goes unsaid inside of mastermind programs. We talk all about growing your business, yes, of course, you’re going to grow your revenue, you’re going to grow your community, you’re going to grow all the things, but you’re also going to grow in your mindset and the way that you view your life and your business and just what’s possible for you in your lifetime. And I think that that’s one of the most important factors in being part of a mastermind program. So those are some of the biggest benefits I’ve gotten from being part of mastermind programs.

And like I said, I have been part of at least six different masterminds over the past few years. And each one has brought something different and unique to my life and my business. They are probably the best investments that I’ve ever made inside of my company, just because of how they’ve shifted my mindset helped me reach higher levels of business and revenue and audience size and all of those things, but also just in the way that they’ve helped me step into my role as a leader, visionary and CEO. And so that’s why I’m so excited about my own mastermind programs and the opportunity that’s available to you if you choose to apply in terms of what can be possible for you too. So if you are looking for a mastermind program to join, I encourage you to go to bold abundance mastermind.com and just apply there’s no obligation to join after submitting your application. It’s really just the first step in you showing yourself interest in this program. And if it seems like based on your application that you’d be a good fit for the program, we will reach out to set up an interview with you to hear more about your goals, hear about your vision, and just make sure that it is an amazing fit for both you and our program because it is a very curated group of conscious entrepreneurs that we’re putting together for the bold abundance mastermind and we want to make sure it is a really good mutual fit. So boldabundancemastermind.com to apply for the mastermind.

And I do want to just leave you with this thought about our approach in this mastermind program. It’s something that I actually didn’t experience in any of the programs that I was a part of, and haven’t really seen any other mastermind programs that operate from this model. I like to think of it as holistic entrepreneurship, holistic growth, because I think that having a good business strategy is important. You need to have Solid advice you need to know the direction you’re going and why. And you need to be learning from people who have experience in that direction in what it is that you want to create in your business. But if you stop there, then you’re really not giving yourself a fighting chance.

Because I think that what actually is also so important. If you want to grow a company, or do really anything big in life is your mindset. And so inside of my bold abundance mastermind, we not only focus on rock solid six and seven figure business strategy to help you scale your company, hire a team, do all the things that you need to do. We also focus on deep transformational mindset work, so that you can remove the limiting beliefs that I’m not good enough. The fears that are holding you back, the scarcity mindset, basically all of the things that are keeping you from your next level of success and sustainability in your business. So that’s what we combine. We combine the business strategy and the mindset and all in the container of this just deep community of high performers and conscious entrepreneurs who are on your team who are collaborators who are rooting for you. And I think when you combine those three things, you literally can’t lose. You literally cannot lose so I can’t wait to see your application come in for the program. The link one last time is bold abundance. mastermind.com have an amazing rest of your day and I hope I get to meet you on one of our first coaching calls.

 

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Hey! I’m
Melyssa Griffin

I believe that an unstoppable mindset can be your #1 business tactic. So, my job is to lead you back to yourself and to help you reprogram the limiting beliefs and patterns that are keeping you small. 

Around these parts, I share my best business secrets, as well as help you cultivate a life of true freedom, purpose, and fun. I’m also big on bear hugs, anything unconventional and creative, and teaching people like you how to live an abundant and limitless life. Let’s get weird.

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