Raise your hand if you’re in a mastermind! 🙋🏽♀️
Raise your hand if you’ve been thinking about one, but you’re just not sure it’s for you or if you should stick with your coaching program.
I hear you. I feel like I’ve done it all in the almost two years since starting my business. (Truth be told, I have. And there’s no shame in that at all.)
But while the terms mastermind and group coaching are often used interchangeably, they’re actually very different. Here’s a quick guide to help you see the difference:
|Ideal for a growing business||Ideal for a scaling business|
|You’ve been in business 6 months to 2-3 years||You’ve been in business 2 years or more|
|You’re trying to have consistent income||You’re consistently billing $5k or more each month|
|Something that comes before a paid mastermind||Something you do after coaching|
|You’re looking to learn from others and a coach||You’re looking for strategic partners|
|You receive from your coach throughout the program||You both give and receive throughout the program|
|You need leadership and industry knowledge to help you get your footing||You’re ready to uplevel and start making more money because you’ve already had success|
|All about learning and growth inside your business||All about refinement and support inside your business|
In short, group coaching is perfect for the new business owner who needs some guidance from a coach. Masterminding is a great option for someone who has been in business for a little while and wants to build connections by offering and receiving expertise from others.
Both group coaching and masterminds are a step forward in business growth for those who need actionable advice and have the capacity to take that action.
Both are invaluable resources in business. What do YOU need next?
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If you’ve ever wondered what you should invest in next in your business, grab my free workshop to help you decide.