FREQUENTLY ASKED QUESTIONS
Per Napoleon Hill, a mastermind is “Coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.” Source The LBDS masterminds are structured with a focus on accountability, execution of goals, and relationship building.
Masterminds are once a month and hosted typically in the 3rd or 4th week. The day of the week and time will be specific to each mastermind. You may view the calendar for dates.
The number of members will vary by community, however, the maximum is 6.
It is important to us that you are surrounded by peers who are at a similar stage in business as you. We use the information you and your peers submit on your wait-list application. This information tells us the current stage in business so we are able to compose masterminds of similar peers. Our local masterminds differ from our virtual masterminds in that we try to only have one type of profession represented. For example, (1) florist, (1) health coach, (1) graphic designer. Exceptions are made when they serve different niches. For example, (1) portrait photographer, (1) boudoir photographer, (1) wedding photographer. This is not a guarantee and we reserve the right to make changes as we see fit.
They are defined by your current stage in business for this calendar year while using the previous calendar year’s tax returns for business income. We understand that our members have goals and intentions, however, to serve everyone fairly we use results (previous calendar year business income) as the differentiator.
- 1.0 Building Biz after 5pm ($0 – $40K)
- 1.5 FT Small Biz ($40 – $100K)
- 2.0 FT Small Biz ($100K +)
- 3.0 FT Small Biz w/ Team ($250K +)
- 4.0 FT Small Biz w/ Team ($500K +)
- 5.0 FT Small Biz w/ Team ($1M +)
Membership is limited to small business owners. You must first apply to receive an invitation. Once your application has been reviewed and accepted you will be sent an invitation to enroll with additional details and pricing.
- Membership Period for 2017 is OCT – DEC
- Membership Periods for 2018 are JAN – JUN | JUL – DEC and will reflect new pricing and updates.
Yes. Your completed application allows you to be notified when the next enrollment period opens.
We give returning members priority access. You may renew your membership when early enrollment opens for the following quarter.
No. However, we offer 2 options (semi-annual and annual) to allow you to select the membership that works best for your budget. Our membership options encourage commitment and consistency which we find is essential for accountability and the ability to track progress and results in your business.
No. The cost of membership is for the collective access to your curated group of women and community resources. Attendance is required to retain active membership standing.
No. Due to the information that is discussed in the masterminds, our goal of seeing women achieve their business goals, and working through challenges, commitment is required.
No. Due to the privacy and nature of topics discussed it is important we protect the integrity of the masterminds within the membership.
This is not all inclusive, but situations include: representing a competing company/organization during the term of your membership and/or creating a competing business that is similar in format to serve a similar audience. If you need further clarification, you are encouraged to email us prior to membership application.
ADDITIONAL IMPORTANT DETAILS
Yes. Due to the privacy and nature of topics discussed it is important we create boundaries and protect the information disclosed during the term of membership. The Non-Disclosure is an agreement signed between all members of your private mastermind.
No. It creates a conflict of interest between all involved parties. Once your leadership role has come to close and any outstanding agreements have been met, we would love to have you join us.
You must have been a Mastermind Member first. It allows our Community Directors to understand first hand how Masterminds are led so you can be successful in your new role. Additional details about joining our team may be found HERE.
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