What is a mastermind group? How can it help you?

What is a mastermind group? How can it help you?

Napoleon Hill, author of Think and Grow Rich, first defined the mastermind as a “coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.”

Hill’s concept of the “Master Mind” was inspired by Andrew Carnegie, wealthy steel magnate. According to Hill:

“Mr. Carnegie’s Master Mind group consisted of a staff of approximately fifty men, with whom he surrounded himself, for the DEFINITE PURPOSE of manufacturing and marketing steel. He attributed his entire fortune to the POWER he accumulated through this ‘Master Mind.’”

Since the publication of Think and Grow Rich in the 1937, the idea of mastermind groups has grown and evolved to become an important tool of successful individuals. The benefits of having a supportive mastermind group are:

  • You have a group of people available to help you succeed.
  • You get the benefit of differing perspectives, input and feedback.
  • Your mastermind team can bring resources and connections to the table you might not have on your own.
  • You receive accountability and inspiration from the group, thus enabling you to maintain focus in achieving your goals.

Napoleon Hill even went so far as to say there was a mystical quality created when a mastermind group was formed. He said: “No two minds ever come together without, thereby, creating a third, invisible, intangible force which may be likened to a third mind.” Archimedes said “Give me a lever long enough and a fulcrum on which to place it and I shall move the world.” In other words, your ability to create things in the world is increased by having the leverage of the “third mind” of the mastermind group.

However you create a mastermind support system for yourself, consider it an essential part of your success plan. As Napoleon Hill said:

“Analyze the record of any man who has accumulated a great fortune, and many of those who have accumulated modest fortunes, and you will find that they have either consciously, or unconsciously employed the ‘Master Mind’ principle.”

Who is in your Mastermind group? Would you like to be part of one? If so, let’s chat!