The concept of the Mastermind Group was formally introduced by Napoleon Hill in the early 1900’s. In his timeless classic, Think And Grow Rich, he described the Mastermind principle as:
“Whenever two or more minds are blended in a spirit of perfect harmony for the pursuit of a definite purpose there is born out of that alliance a power which is greater than that of all the individual minds combined. The mastermind principle lets you appropriate use of the full strength of the experience, training, and knowledge of other people just as if they were your own.
You can overcome almost any obstacle you face, no matter what your own education or talents, if you use the mastermind principle effectively. No one has ever attained outstanding success in anything without applying the mastermind principle. No one mind is complete by itself. All truly great minds have been reinforced through contact with others that allowed them to grow and expand.”
Many successful historical people participated in Mastermind groups from Henry Ford (and his wife) to Thomas Edison and more. Groups participation is far ranging from bi-weekly in-person to monthly calls and quarterly meetings. Some participants pay upwards of $20,000 to participate in groups with powerful like-minded individuals.
Karyn Greenstreet, a Mastermind Group Facilitator says, “The beauty of Mastermind Groups is that participants raise the bar by challenging each other to create and implement goals, brainstorm ideas, and support each other with total honesty, respect and compassion. Mastermind participants act as catalysts for growth, devil’s advocates and supportive colleagues. You will create a community of supportive colleagues who will brainstorm together to move the group to new heights. You’ll gain tremendous insights, which can improve your business and personal life.”
Real Life Mastermind Group Impact:
Craig Duswalt a friend of mine from Santa Clarita, CA attended a Mastermind meeting and shared information with the new group about his concept and company, Marketing on a Shoe String Budget. Through Q&A the members found out that Craig had a history of management in the world of rock and roll. He had previously been promoter and manager for Air Supply and Guns n Roses. In that meeting the group helped him create a title for his company that fit his background and provided more pizzazz. Craig is now the proud and very successful owner of Rock Star Systems for Success.
A Short List of Mastermind Group Benefits:
- Answers and ideas, which come from brainstorming with the group
- Experience, skill and confidence
- Accountability and real progress in your business and personal life
- An instant and valuable support network
- A sense of shared endeavor – there are others out there!
- Support and resources for thinking and moving outside the box
Being in a Mastermind Group is like having your own objective board of directors.
A person who has peace of mind always gives as well as receives. As you apply the Mastermind principle, you not only share your knowledge with others but also place yourself in a position to receive generously from others—and that which you receive can multiply your power to grow rich far beyond your present conception.