If you’ve never heard of mastermind groups, don’t worry. You don’t have to be planning to take over the world to be in one. (Though it does kinda sound like that’s what they’re all about, doesn’t it?) Basically, it’s something I picked up in my business management travels I think might help you and your friends get ahead.
A quick word about teamwork
Simply put, teamwork is work done by a team. It’s everyone working toward a common goal – building a race car, winning the race. But teamwork can happen when people are on different teams. For example, all the teams have an interest in their race series expanding and attracting more fans. Driver A and Driver X might be at-odds on the track, but in the pits, they work together to grow the sport. Teamwork.
So what’s a mastermind group?
The best way I can describe it is a smaller group of people who get together on a regular basis to talk shop and keep each other accountable. Probably sounds a lot like the last time you and your buddies got together, right? You discussed performance problems with the vehicles, new ideas you came across elsewhere, and what you had planned in the near future. That’s, like, 90% of the mastermind group right there.
The other 10% is structure. Set a regularly scheduled get-together and make a point of discussing specific topics. Even if you aren’t all actively planning or working on automotive projects, you still have much to discuss. You could talk about organizing your garage or fixing your computer or getting a promotion at work. Who better to discuss the rest of the things going on in your life with than gearhead buddies?
Mastermind groups work because two heads are better than one and having trusted friends to discuss ideas with helps us develop better ideas. Subtle differences in experience and perspective come into play, sharpening us up, like fine tuning fuel and ignition trims on a dyno.
There’s also the accountability piece. If the only person who knows you only have to do the brakes on your truck to get it back on the road is you, who is going to push you to get it done when you decide you’d rather sit on the couch and watch TV all afternoon? If I know my buddies are going to give me a hard time about my truck still being JSB (Jack Stand Baller) next time I show up to the Mitsubishi meet in my wife’s Nissan (again), I’m going to be a bit more motivated, ya know?
Give it a try
I’ve never been in a mastermind group, personally, but that’s all about to change. Last week, I connected with a local guy on LinkedIn who runs another automotive website. We ended up reaching out to a third guy in town doing the same thing, and we’re setting up our mastermind group.
Craig Pike runs MyRideisMe.com, and currently focuses on hot rods, classics, and tech. Andy Mrozinski runs Ridestory.com, and focuses on the evolution of all things automotive from an enthusiast’s point of view. All three of us live in the greater Phoenix metropolitan area and run automotive websites. We all have day jobs. We all want to do this car thing for a living. None of us wants to suck.
We could be competitors, but we’ve decided we’d rather together. We’re going to get together in person once a month to talk shop. What’s working? What isn’t? How do you guys do this? I’ve been thinking about trying that. And so on. It’s pretty exciting!
I sincerely hope Gearbox Magazine comes across as a serious business venture, but the reality is, we’re pretty much a small handful of people scattered all over the world who’ve never actually sat down face-to-face to discuss things. Pretty much any automotive website you visit that isn’t Jalopnik is going to be the same way. I’m really looking forward to having a beer or two with local guys dealing with many of the same things I am.
- Have you ever been in a mastermind group?
- What did I leave out of this story that you need to know to start one?