Think And Grow Rich In Michigan Real Estate Part 3 - Who do you mastermind with?
I heard Mark Victor Hansen, co-author of the Chicken Soup for the Soul books, speaker and an extraordinary entrepreneur tells this story during a seminar I was attending in Scottsdale, Arizona.
“ Tony Robbins and I got to talk to 9,000 doctors at Nassau Coliseum. It’s late at night. He’s finished. He’s has been brilliant. He’s 32 years old. He’s just made $131 million on his infomercial the year before. It’s 12:45 at night, and we’re back at the hotel, right before he’s going back home to California in his Lear Jet.And I said, ‘You know, you’re making over 100 times what I’m making. I’m missing something because we’re teaching the same principles. What am I missing?’
Tony asked, ‘Tell me who’s in your mastermind dream team?’ I said, ‘Well, they all make a million dollars a year.’ He said, ‘There’s your problem.’ I went, ‘Whoa! Tell me about yours.’ He said, ‘Everybody makes over $100 million.’
I said, ‘I got it.’
The next day, Jack Canfield and I got 4 billionaires to join our mastermind.”
Who do you hang out with? Who do you talk to? Who keeps you motivated? Who will tell you the truth when you make a mistake? Who has been there where you are now and lived and went to prosperity?
Networking without purpose is a waste of time and energy. Most Michigan real estate investors are obsessed with collecting business cards yet never ask the most important question – well actually the only question the should ask of everybody they encounter of doing deals in their Michigan city,
“ How can this person help me grow my business?”
Napoleon Hills wrote about the enormous value of mastermind – a group of people who meet on regular schedule, share a common goal, and are like minded and open to sharing what is working and honest about telling other members of the mastermind on what are the flaws on their strategy.
You want to be in a mastermind group. Period.
It will speed up your business. It will open your eyes to opportunities that you never even knew existed in your business. You will be able to bring what is working in your business – a killer ad; a strategy to using the Internet to find Short Sale deals; a voice mail script to find private investors – and let your fellow members of the mastermind improve that killer strategy to 100%, 500%, even 1000% in front of your eyes, instantly.
Dollars, the mastermind group for landlords in Oakland county, who own minimum 10 units, is great example of like minded people meeting once a month under one roof and discussing what is working, what does not works any more and improving each other businesses.
I cannot even imagine not being involved in a mastermind group. If I had this when I started, it would at least shaved off 2 years of making mistakes and wandering in the wastelands of doing wasting time, doing dumb deals and would have ended up couple of hundred thousand dollars more in my bank account.
It all came eventually but if follow Money Loves Speed then being in a mastermind is the jet fuel that would propel your business faster and much higher in a very short order.
Find a group of people who share the same goal in life as you. Join in the Mastermind with them. Follow the schedule; be open in admitting mistakes and not be angry when they critique you because your fellow members do have your best interests at heart.
You will get what you want out of your business in a very short order.
Oh, and you will end up richer too.
I formed Mark Ijlal Inner Circle – my mastermind group for Michigan real estate investors who buy and sell bank foreclosures without using their own money – for that very purpose. Yeah! It helps my members a lot to get cutting edge strategies and get hands on mentoring from me but it is also fun for me to hang out with like minded, ambitious, driven real estate investors in Michigan, every month.
I keep them on sharp.
They return the favor.
A killer sword needs both edges to be razor sharp to cut without fail; over and over again.
Where do you go, month after month, to get your blades sharpen up?
