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19 January 2023

How a Mastermind Changed the Trajectory of My Business (and how it can do the same for you): Part 2

2Frameworks
8Insights

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Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Hot Take· 1

Hot Take08:47

Fast Growth Can Hurt Even When the Numbers Look Great

Jasmine rejects a sanitized account of rapid business growth. Strong revenue coexisted with uncertainty, continual new decisions, setbacks, and the discomfort of breaking beyond established capabilities.

  • More learning revealed more necessary work
  • Each stage introduced unfamiliar decisions and risks
  • High revenue did not remove uncertainty
  • Faster growth can intensify discomfort

“And oftentimes, growth is hard, and growth is heavy, and growth is awkward.”

Jasmine Star · 09:42

“And the faster you're growing, the more it can hurt because you're breaking out of your old molds.”

Jasmine Star · 09:46
#business growth#overwhelm#uncertainty#founder reality

Story· 4

Story01:40

How a $25,000 Mastermind Led to a Million-Dollar Revenue Stream

Jasmine recounts how a project launched six months after joining her first mastermind earned $255,000, then more than $300,000 on a subsequent launch. Within a year, it had developed into a new revenue stream exceeding $1 million alongside her existing business income.

  • The initial project earned $255,000
  • A later launch earned more than $300,000
  • The revenue stream exceeded $1 million within a year
  • The income was additional to existing revenue streams

“But what I failed to see then was that the culmination of being around 20 other brilliant people was what poured in the knowledge and…”

Jasmine Star · 02:17

“I had created a brand new revenue stream of over a million dollars.”

Jasmine Star · 02:56
#masterminds#revenue growth#online business#launches
Story03:17

From Childhood Scarcity to a $255,000 Week

Jasmine contrasts growing up with frequent financial scarcity and family support with the scale of income she later generated. She explains that proximity to people operating differently expanded what she could imagine for herself and her business.

  • Her family often relied on government and church assistance
  • A six-figure annual income once felt unimaginable
  • She later generated $255,000 in one week
  • New peer environments expanded her perceived possibilities

“But in my wildest dreams, I couldn't imagine making a hundred thousand dollars in one year.”

Jasmine Star · 05:09

“But I'm telling y'all, this is what happens when you surround yourself with people who show you what's possible.”

Jasmine Star · 05:39
#money mindset#childhood#possibility#entrepreneurship
Story07:47

The Audacity to Set a Million-Dollar Goal

By 2017, Jasmine's accumulated experience gave her the confidence to target $1 million from a single revenue stream within 12 months. She communicated the goal to her team and treated it as the organizing objective for their work.

  • The target was $1 million from one revenue stream
  • The deadline was 12 months
  • She explicitly communicated the goal to her team
  • Prior learning made the once-unthinkable target feel actionable

“I want to earn a million dollars in 12 months.”

Jasmine Star · 07:47

“I set that goal. I told the team, I'm like, this is our goal.”

Jasmine Star · 08:17
#goal setting#revenue#team leadership#growth
Story12:20

The Surprise Resilience Award That Pulled an Introvert Onstage

At the Summit of Greatness in Ohio, Lewis Howes unexpectedly recognized Jasmine for repeatedly getting back up and encouraging others to do the same. Sitting alone in the last row, she overcame her discomfort, walked through the theater, and accepted the award before thousands of attendees.

  • Lewis Howes highlighted resilience and authenticity
  • Jasmine did not realize he was describing her
  • She was seated alone at the back of the theater
  • She chose to walk onstage despite feeling overwhelmed

“And then he was just like, I'd like to give this award to Jasmine Starr.”

Jasmine Star · 14:02

“I walked down, I got that word.”

Jasmine Star · 15:07
#resilience#introversion#recognition#summit of greatness

Q&A· 1

Q&A17:21

Why Jasmine Waited Years Before Hosting Her Own Mastermind

Although people repeatedly asked Jasmine to host a mastermind, she declined until she believed she had enough experience and tools to serve participants responsibly. Her readiness test centered on whether she could curate a strong group and support a genuinely transformative experience.

  • She said no to hosting for years
  • She wanted to accumulate more tools and experience
  • Her standard was honoring participants' journeys
  • She viewed peer curation as a core host responsibility

“Not because I didn't love masterminds, but because I needed to add more tools to my arsenal.”

Jasmine Star · 17:40

“Honoring for me, it simply means that I could curate a group of brilliant people who could work together to build each other's businesses.”

Jasmine Star · 18:00
#mastermind host#readiness#facilitation#entrepreneurship

Takeaway· 2

Takeaway05:51

Why Jasmine Actively Changed Who She Spent Time With

After recognizing the influence of close relationships, Jasmine deliberately sought peers who viewed money, investment, and opportunity differently. Participation in several masterminds exposed her to unfamiliar assumptions and gave her a larger reference set for business decisions.

  • Close relationships influence expectations and behavior
  • Jasmine deliberately cultivated a new peer environment
  • Different lifestyles and investment choices challenged her assumptions
  • She tracked unfamiliar ideas for later investigation

“I decided to actively cultivate who I was spending time with.”

Jasmine Star · 05:57

“They saw the world different.”

Jasmine Star · 06:20
#networking#peer group#mindset#business growth
Takeaway16:12

Jasmine Teaches Because Sharing Deepens Her Learning

Jasmine explains that her identity as a teacher begins with a strong desire to learn. Sharing newly acquired knowledge helps others grow while also strengthening her own understanding through the act of teaching.

  • Her primary motivation is learning
  • She shares what she learns with others
  • Teaching reinforces her understanding
  • Collective growth emerges from knowledge sharing

“And I'm like, actually, I just like learning.”

Jasmine Star · 16:30

“But it is in the process of sharing, it's in the process of my teaching that I actually learn more.”

Jasmine Star · 16:42
#learning#teaching#knowledge sharing#growth