Networking, Marketing, Sales, Business Coach

EP49: What Mastermind Groups Are and What You Get From Them

SUMMARY:

This episode of the DYB podcast tackles the history behind The Monday 20, the original Mastermind Group.

Steve shares how they created the support group for fellow entrepreneurs, gained momentum and eventually, more groups were born.

Mastermind Group’s coaches share the different styles they use in their respective groups that foster a meaningful community of go-getters.

For Mastermind Group Members, there are multiple benefits offered like cafe access, courses, and the exclusive Facebook group.

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WHAT YOU’LL LEARN:

What exactly a Mastermind Group consists of
Where the idea of the Mastermind Group came from
What value you receive from a Mastermind Group

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LISTEN HERE:

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QUOTES:

“Every one of them agreed that I reached out to. And so we show up at Lewis’ cafe, 6am, Monday morning and we establish an outline. We establish an agenda. We establish an agreement.”

“And then we also agreed that, as we set tasks for each other, we would show proof that we followed through and completed it or we would throw $20 in the pot. We hadn’t decided what the pot was for but we agreed that it was not going to any of our pockets.”

“I think my favorite thing about all of these is that not only does everybody remain above the line, but it’s a positive and safe place to share real stuff and if we’re all honest, we always have stuff going on.”

“Above the line is a philosophy of ownership, accountability, and responsibility. So the acronym is oar, O-A-R. And we agree, in everything we do, we take ownership, accountability, and responsibility even if something isn’t our fault. We still choose to take that position because by taking that position now we have the power to change the situation.”

“I’ve gotten so much out of them over the years and it’s such a great environment to just bounce ideas off of people that are out there with you in the trenches and just trying to learn the same things that you are and can totally resonate where you’re at.”

“A lot of times you’re in this and you feel so alone. You feel isolated. And when you don’t have people to talk to that are in similar situations, it gets out of hand sometimes and you could be really hard on yourself. And it’s great to have people to be accountable with and to hear other people’s stories and know that you’re not alone.”

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HIGHLIGHTS:

00:04 The original Mastermind Group is born
06:53 Mastermind coaches talk about their groups
16:44 What is Above the Line Philosophy
18:54 Mission statement and other goals
22:23 Membership benefits

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LINKS & RESOURCES MENTIONED IN THIS EPISODE:

Join DYB

ADDITIONAL FREE RESOURCES:

Schedule Your Free Strategy Call With Steve

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Connect with Steve on Facebook here

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Thank you very much for joining us today! If you received value, would you take a quick few seconds and leave us a review on iTunes, please?

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About the Author

As many of you know, my journey has been one of grit, grace, and transformation. At 19, I was a high school dropout, single father, and struggling paint contractor in Michigan. I later moved to Florida, where I faced both personal and professional hardships. With nothing left to lose, I turned to prayer—and was blessed with a relentless hunger to learn. I devoured books, attended seminars, and discovered better ways to streamline and grow my business—even through the Great Recession (and yes, I did hit the wife lottery along the way!). In 2014, I published How To Double Your Business and later sold the painting business, launching a new chapter: coaching others to grow their businesses. For the past 10 years, I’ve dedicated myself to helping business owners scale through the DYB System, while also drawing from frameworks like EOS, Scaling Up, and The Four Disciplines of Execution. Yet something was still missing—something more adaptive, integrated, and complete. Then I found Pinnacle. After months of research and interviews with other Guides, I joined Pinnacle. Their tools and strategies have exceeded every expectation. Now, as a Pinnacle Business Guide, I help leadership teams implement a custom-tailored operating system that draws from the best in the industry—but flexes with your unique business. It’s a dynamic, proven approach to achieve clarity, momentum, and lasting growth. I’m no longer taking on any more 1:1 coaching clients… Instead, I now specialize in working with visionary business owners who are ready to get their leadership teams aligned—around a clear vision, a focused strategy, and an actionable execution plan. With the tools and process I now have as a Pinnacle Business Guide, I help turn alignment into momentum, and momentum into results. If your business is growing—but your leadership team isn’t fully rowing in the same direction—let’s talk.