Strata Development Mastermind
"Opportunities don't happen. You create them."
Hi. I'm Warren Livesey, the founder of Next Level – Sydney’s Strata Property Development Specialists, focusing on the Eastern Suburbs, Inner West and North Sydney.
Since 2008, I have managed over $38 million in development projects, helping strata/apartment owners leverage the untapped potential of their strata property, and I've learned a lot along the way but I would like to learn and connect more.
I would like to set up a MasterMind group to change the way we see and do things in Strata:
A group of people that keep each other accountable.
The idea is ...
A good Mastermind group can change your life. There is no better way to navigate the difficult challenges in life, and in entrepreneurship, than the collective experience of others. We are not that unique. We may come from different political, religious, ethnic, age, and sexual orientations, but the fundamental problems most humans face are shared among a group of peers.
Mastermind groups were introduced by Napolean Hill in his book, Think and Grow Rich.
Napolean defines the principle as, “Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose."
In other words, it means surrounding yourself with smart and engaged people that share your view of life, because the power of several people is exponentially more powerful than you alone.
Even before I knew about “Masterminds” I enjoyed talking to fellow entrepreneurs in intimate settings to understand their pain points. I was in awe when I first learned that people within the property industry, working in different areas, Real Estate, Strata Management, Building and Design, share the EXACT same struggles I face.
How to market their services, staffing issues, unhappy clients, accounting headaches, turnover. The list goes on. It’s the same cat with a different coat of fur.
Mastermind groups let us share our collective experience and wisdom to help each other solve problems together, or keep us accountable to achieve the goals we set for ourselves.
“None of us is as smart as all of us.” — Ken Blanchard
Collaboration is king.
You will learn the things you don’t know, but more importantly, about the things you “didn’t know you didn’t know”.
“The strength of the team is each individual member. The strength of each member is the team.” — Phil Jackson
Grow your network.
By joining a mastermind group, you instantaneously grow your network exponentially. The network of everyone in your group becomes your network. As you share your problems or listen to others, people will make connections for you when you need them most.
Most mastermind groups will find ways to help your companies expand through cross-promotions. Brand collaborations are a great way to introduce your products to new audiences.
Step 1: We Need To Choose Our Mastermind Group Type
Topic-based — Formed around a specific topic within Strata and Shared Living.
Mission-based — A group with a shared mission to grow our knowledge, business and redevelop Strata.
Business — To help members of the group grow their business, regardless of niche.
Goals & Accountability — this group helps members keep themselves accountable for their goals, business-related or not.
Step 2: Define Our Purpose
This purpose of this group is to keep each other accountable with one common ethos — Be The Best You Can Be. We will meet every two weeks online to check in with each other, review our annual goals and the progress we are making toward achieving those goals on a weekly basis.
Step 3: Creating Our Mastermind Ground Rules
The most important thing in running a successful mastermind group is to have clear expectations for everyone in the group from the very beginning. When people are clear on their commitment, they are more inclined to step up to the challenge and get excited about being a part of something. This shouldn’t be considered “work” for anyone, this is an opportunity to become a better version of yourself.
We are committed to meet every two weeks until the end of 2020, at which point we can decide if we want to continue.
Leave your ego at the door.
Be willing to accept constructive feedback.
Hold each other accountable.
We embrace competition, but with a foundation of support.
Step 4: Putting Our Team Together
Mastermind groups range from 2–50 people, but I’ve found the best groups are made up of teams of 7-9 people. With a smaller group, you have more time to focus on individual issues and you can meet and discuss things more frequently, or casually offline on a text thread. There will be a larger online-only group of approx. 40-50 people.
Similar experience level
Similar ambition levels and desires for achievement
Similar values, beliefs, and ethics
Step 5: Establishing Our Meetings
The agenda for our Mastermind meetings should be the same every time, and our group should have a scheduled time to meet online. If one member of the group can’t make it, the meeting goes on.
Welcome & state mission with Inspirational Quote
A short update on the previous week (all members)
Hot seat — critical questions & feedback from team members
Everyone states goals for the coming week
For more information about best practices, worst practices, how to recruit members and other resources.
Thanks for reading! I hope you can join me.
* I respect your privacy—your email address is kept strictly confidential and will never be shared with 3rd parties.