Napoleon Hill, the author of one of the best selling books in history, Think and Grow Rich, was hired by Andrew Carnegie to interview the most successful people alive at that time. That time, by the way, was the very early 1900s. Andrew Carnegie asked Napoleon Hill if he would be willing to interview those successful people, test and demonstrate the formula that led to their success and then tell the world. So, taking up the challenge, over the next twenty years Napoleon Hill interviewed all of the leading thinkers and doers of his day, including:
- Henry Ford
- Theodore Roosevelt
- Alexander Graham Bell
- John D. Rockefeller, and
- Thomas Edison
The ‘secret formula’ is pretty much summed up in the title of the book he wrote, Think and Grow Rich. In other words, ‘what you think about is what you attract into your life’, or ‘The Secret’ or ‘The Law of Attraction’, or coincidentially, Future Pull. No matter what you call it, the secret to bringing about whatever you desire in your life – whether that be abundance, happiness, love, or creativity – are your thoughts.
But you already know that, don’t you? Today I want to talk about one of the key tools that Napoleon Hill introduced in Think and Grow Rich – mastermind groups. This is how he defined the MasterMind:
The Master Mind may be defined as: “coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.
Today, partly because Think and Grow Rich is enjoying a renewed popularity, but mostly because the word on the value of MasterMinds is spreading, many people are either already in a MasterMind or looking for one. I heard about them years ago, and in fact, when I was working my way through Jack Canfield’s Success Principles, I realized I had to become involved in one, but didn’t know how to find one. Now that I am actually part of a formal MasterMind as well as a couple of informal ones, I can absolutely attest to their value.
So what exactly is a MasterMind in today’s context? Usually, a MasterMind is a group of committed individuals, from different backgrounds and with different goals, (although they could be part of a topic or organizational focus MasterMind), who get together on a regular, scheduled basis to put their heads together, so to speak.
MasterMinds usually meet, either in person or virtually, weekly, biweekly or monthly. Commitment and adoption of a set of core agreements are keys to the success of the group.
A typical MasterMind meeting will start off with a roundtable sharing of successes since the last meeting. Then either one person or each person in turn will take the ‘hot seat’ and share whatever it is that they want to work on that week. For example, one individual might want to get ideas from the group to deal with a marketing issue in their business, while another might want to discuss their goal to learn sky-diving and get recommendations from the group for reputable trainers. If the group is organized so that each meeting every person has a turn in the hot seat, the time allotted may be very short – perhaps 10 minutes. If the group is organized so that each week only one person has the attention for the whole meeting, then that person gets the focus for the full meeting.
At the end of the meeting, each person commits to some action before the next meeting. To me, that’s the most important benefit of the MasterMind — accountability. If you know you have committed to something and have to report back, you’re more likely to get it done. But that’s just one of the benefits; there are so many more.
- Help in clarifying your goals and gaining focus: when you have to explain your situation or dilemma and answer questions from the group, you’ll start to gain clarity
- The value of many minds for generating ideas and solutions: one person can feed off of the ideas of others so that the number of useful ideas grows exponentially
- The combined experience and knowledge and contacts of the group: wondering how to do something or where to find something? Someone in the group will have a lead for sure.
- The networking opportunities: not only will they have great ideas and resources and links, they may be willing to put you in touch with the right person.
- The support from other forward-thinking, positive people: if the MasterMind is facilitated well, all of the members will be looking for the opportunities and solutions inherent in any challenge; it won’t become a ‘pity party’.
- The accountability: I’ve already mentioned that for me this is the big one. Knowing I’ve got to report back on my progress, well, it makes me progress more.
If you want to find out more about MasterMind groups, join my free webinar on
Tuesday, June 21 at 7:00 p.m. Eastern Daylight Time.
I’m going to talk about
Five Tips to Get Stuff Done and Accomplish Your Goals in 2011
It’s a top five list ala David Letterman and, here’s a preview: #1 is join a MasterMind group.
So please join me.