Twice a year they would get together in person for a full day to brainstorm ideas to scale each other’s businesses, give direct feedback on new ideas, and hold each other accountable. In less than 24 months these private mastermind sessions helped David increase his business’s operating profit from $1 million per year to well over $3 million per year.
David and the other group members not only each owned and ran multimillion businesses focused on business and financial services, but they each were also best-selling authors with overfull speaking schedules each year.
It was during one of these mastermind sessions when David and his mastermind partners were all commiserating about how at the average 90 minute training class they actually took very few actions on what they were learning. Sure there might be 500 or more people in attendance, but only a small fraction of attendees actually applied what they had been taught.
So David and his mastermind team asked a powerful question: “What if we were designing the perfect business workshop, what would it be like? How could we flip the numbers so that 95 percent of the attendees immediately applied the ideas they were learning to make a dramatic difference in their business and financial lives?”
Their list of answers included things like, “It would need to be over an extended period of time not just one day…” And, “It would need to be in a beautiful location and a 5-star resort…” And most important of all, “We would have to pre-qualify every person who attended to make sure they were absolutely committed to playing full out and USING the ideas they were learning…”
At first they were just talking hypothetical, but then David turned to his partners and said, “If you’re going to be a bear, be a grizzly bear, so pull out your calendars and let’s schedule this event right now.”
His mastermind partners looked at him like he was crazy, but they stepped up to the challenge, and thus came to be the first ever Maui Mastermind Wealth Summit at a luxury resort in Maui.
That first year the event was sold out within 60 days of announcing it to their combined clients. Midway through the event the response was so powerful and the feedback from participants so positive they decided to make it an annual event. It’s been a decade now and this $40,000 week-long business owner and wealth retreat continues to be the most exclusive experience of its kind.
Considering that over 60 percent of the graduates sign up to come back year after year after year, they must be doing something right!
That event became the foundation of the Maui Community of business owners, with these super-successful entrepreneurs and the ‘paying it forward’ to the next generation of business owners by sharing with them the things that made a difference in their businesses and lives.
Collectively over the past 20 years, the Maui Advisors have started, scaled, and sold over $2 billion of businesses.
To this day Maui Mastermind shares the same methodologies its top Maui Advisors have used in building and scaling their own businesses as to help business owners around the world build a business, not a job.
It is precisely these core methodologies that we have formalized into our structured Business Coaching Program.
It is this concrete road map that the Maui Coaches take our clients through to help them build businesses they can one day sell, scale, or even own passively.
And we do our best to remain true to the Maui vision that wealth is more than just the money – it’s about the quality of our relationships and impact we have on the lives of others.
Over the past decade, the Maui community of business owners has raised over $5.1 million for dozens of charities around the world.