Level Up as a Fitness Professional: The Benefits of Joining a Fitness Business Mastermind

The fitness industry is fast-paced and highly competitive. For fitness coaches, boutique studio owners, personal trainers, and everyone in between, running a successful fitness business can be both exciting and overwhelming.

With that in mind, connecting with other fitness professionals is a vital part of building a successful fitness business. This is where the business mastermind comes in.

What is a business mastermind? It’s a group of professionals who come together to form a community. The goal is to bring business owners and leaders together to share ideas, solutions, and more.

When you build a strong professional network it can propel your business and career, but masterminds offer an extra goal-focused edge. Masterminds allow entrepreneurs to support each other with different challenges that are unique to their industry.

In this blog, you’ll learn more about masterminds so you can decide if you want to join one or even start your own. Here’s what we’ll explore:

• What fitness professionals can gain from a fitness business mastermind
• How to find a fitness business mastermind and what to look for
• Which mastermind should you join?
• How to start a fitness business mastermind
• A community of professionals at WellnessLiving

What fitness professionals can gain from a fitness business mastermind

There are many benefits to joining a mastermind if you’re a fitness entrepreneur who owns a business or has a leadership role.

When you join a mastermind, you’ll meet like-minded people with similar goals. You might even look for a specialized group, like a boutique fitness mastermind. This can help you find other business owners who understand the nuances of offering very personalized fitness services. Therefore, you can expect to gain professional and personal growth and the following benefits:

Feel a sense of camaraderie

This is one of the best perks of joining a mastermind. Where does this camaraderie come from? Many of your peers have gone through or are navigating challenges like yours. With the right group, you’ll learn from and feel supported by fellow members. The key is finding other professionals who share your mission regardless of how similar they are to you in terms of experience or background.

Gain new perspectives

Diversity makes masterminds even more beneficial. In these groups, you can find entrepreneurs with different backgrounds, approaches, and perspectives. Broadening your horizons is an effective way to build your problem-solving skills and develop your leadership style.

You’ll meet business owners, personal trainers, fitness coaches, and other people in leadership roles. They might have backgrounds in business, fitness, marketing, and more. Learning about how they transferred their skills to their current roles can be valuable to your own journey.

Keep yourself accountable

Being in a group with other fitness professionals you admire is an excellent motivator. If your mastermind is well organized, you’ll have many opportunities for goal setting and tracking. Since you must report to your peers about how you’re working towards your goals, it’s easier to hold yourself accountable.

How to find a fitness business mastermind and what to look for

Now that you know what to expect from a mastermind, which one is right for you? Professional and personal growth are the primary reasons to join a business mastermind group. The most suitable mastermind for you depends on your goals. If you’re a new business owner, your needs will differ from a more seasoned entrepreneur or someone making a big career transition.

Do you want a group that holds virtual sessions so it’s easier to manage your schedule? Or do you want to meet other local business owners in person?

Consider the size of the mastermind, the job titles of existing members, how often they meet, and what kinds of sessions they host. When all these factors come together, you’ll have found the right mastermind for your needs. Here are some other crucial elements to look for.

Organization and structure are essential

A mastermind with a clear structure that’s well organized is more likely to help you grow. They should have regularly scheduled meetings so you can interact with your peers often. Many masterminds also hold occasional summits. These events give you a chance to speak with and learn from highly successful and influential fitness professionals you might not be able to contact otherwise.

Make sure that the frequency and format of the meetings work for you. Your mastermind’s events should be very focused with clear topics. The group should also host goal-setting sessions regularly so you can articulate and keep track of your business goals.

Openness and trust

When we talk about running a successful fitness business, we don’t always get into the emotional aspects. However, the journey of a fitness business owner can be lonely. Every entrepreneur meets challenges and feels vulnerable at times. These moments test your determination and persistence. Therefore, it’s essential to have guidance from peers and professionals you admire who have gone through similar trials and aren’t afraid to share their stories.

The mastermind should also promote communication. This is where openness comes in. It shouldn’t just be radio silence between your meetings, summits, and goal-setting sessions. Mastermind members should still be interacting and discussing their progress regularly.

Leverage your network and online resources

Reach out to the peers you already have relationships with. They might already be a part of a mastermind or have recommendations. You can also scan online resources like Meetup, Eventbrite, Facebook groups or LinkedIn groups for masterminds that fit your needs and your schedule.

Which mastermind should you join?

With so many choices, how do you decide which mastermind is right for you? Here are some of the top masterminds we’ve come across. Your best option depends on how much time you can commit to a mastermind, the current state of your business, and your goals. All these masterminds are active and cater to various-sized businesses. 

• Studio Grow is the world’s largest boutique fitness consulting group, led by founder and CEO, Lise Kuecker. The Studio Grow Mastermind is a year-round coaching and training program, helping boutique studio owners create financial prosperity and freedom-filled lives. The mastermind includes customized 1:1 coaching, small group coaching, and support with finances, marketing, legal, HR, and more. But, this mastermind is in high demand, so join the waitlist now. 
• Todd Durkin Mastermind emphasizes both personal and professional growth. The program promises high-level coaching and increased accountability through coaching calls, webinars, emails and other exclusive content. Twice a year, you’ll also have the chance to connect with Todd and his top coaches at a live retreat. 
• Dennison Silvo’s Business Mastermind for Personal Trainers & Fitness Coaches is an exclusive Facebook Group designed to help personal trainers increase their profitability. They emphasize community among fitness professionals as well as optimizing your time to boost sales and signups. As a member, you can even book individual sessions with Dennison and his team. 

We strongly encourage you to explore our business coaches, who provide valuable insights to enhance cash flow, refine marketing, boost retention, and empower your business. Some of which offer a mastermind, as a valuable resource for any other looking to expand their skills and network, throughout the year. 

How to start a fitness business mastermind

If you need something more specific and existing business masterminds don’t quite fit your needs, you can always start your own. Of course, you’ll want to make sure this doesn’t take up too much of your time since you still have a business to run. Here’s what you should keep in mind:

Networking is a necessity

People are the most essential part of any good mastermind. Networking is how you find other fitness professionals who want to learn from and contribute to a fruitful community like your mastermind. You can speak with other business owners and fitness professionals with similar goals and struggles to get a clearer idea of what you want to accomplish.

Develop a member screening process

Without a screening process, your mastermind could suffer. You want to make sure members are focused, active, and willing to contribute to the group. After all, you’re building a community of professionals.

Most of your members should attend regular meetings and goal-setting sessions. It’s also important that members communicate with each other in between sessions so everyone remains motivated.

Screening doesn’t mean excluding people who are first-time business owners or do not have an extensive background in fitness. It’s all about maintaining a level of exclusivity that helps members get a lot of value out of the group. The screening process can be as simple as asking prospective members to write a few sentences about their business, their role, and some near-future goals.

Run the mastermind group with another fitness professional

Time management is one of the primary concerns business owners have when they start a mastermind group. You still have a business to run and a team to lead. Partner with another professional to lessen the burden of operating your mastermind group. They can also help you with networking and developing a screening process.

A community of professionals at WellnessLiving

At WellnessLiving we believe in the sense of community and the power of collaboration that masterminds uphold. Our Community Forum is a place where clients chat, share feedback, and more.

Why do we have this space? Your experience and feedback matter to us. In fact, our developers take feature requests directly from the Community Forum. If there’s a feature you need, share it with the community, and you’ll likely see it in a future software update.

Book your free no-commitment demo today to join our growing community of fitness professionals and get the powerful business management solutions you need.