I was so thrilled to have my Master Mind together in Denver. Karen and I live in Denver although we don’t spend a lot of time together. Mary Ellen lives in New Mexico. Every month we get together via the telephone and hold our Master Mind meetings. We share what we are up to, get advice, recommendations and reality checks. We have helped each other start businesses, work through grief and make major life changes. When my parents died in 2005 my Master Mind Group was there to support me through the process and keep me focused and sane. When Mary Ellen left a long time Radio career to venture out on her own the Master Mind group helped to strategically plan the success of her new business. And when Karen decided to start a speaking career the Master Mind helped her brainstorm ways to get her message out there to the world.
I was first introduced to the Master Mind concept when I left my corporate job in 1996. I joined an Ali Lassen’s Leads group and some of the members had formed a Master Mind group. I was invited to join the group and stayed a member for several years.
The first person I am aware of that talked about the Power of the Master Mind was Napoleon Hill in his amazing book, “Think & Grow Rich.” In chapter Ten he outlined the concept of the Master Mind. He wrote that “The Master Mind can 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.” He believed that “No individual may have great power without availing himself of the Master Mind.”
According to Hill there are two main characteristics of the Master Mind Principle. One is the economic nature and the other is the psychic. “The economic feature is obvious. Economy advantages may be created by any person who surrounds himself with the advice, counsel, and personal cooperation of a group of men who are willing to lend him wholehearted aid, in a spirit of perfect harmony. This form of cooperative alliance has been the bias of nearly every great fortune. The psychic part of the Master Mind principle is much more difficult to comprehend. You may catch a significant suggestion from this statement, “No two minds ever come together without, thereby, creating a third, invisible, intangible force which may be likened to a third mind.”
The book Think & Grow Rich by Napoleon Hill is now in public domain. If you would like to review chapter 10 Power of the Master Mind or even look at the entire book click here. I would highly recommend you buy the book but this would give you something to study as you are in the process of obtaining the book.
For ways to form and structure your Master Mind Google How to Start a Master Mind Group. You will find tons of helpful information. A few of my favorite are:
Speaknet News published a great overview of Mastermind groups and how effective they are.
If you would like to read another account of my Mastermind group from one of the other members, Mary Ellen, check out her blog, ProfitMeister
Please let me know how being in a Mastermind group has supported you and share any tips you have with creating and running a successful one.
Here’s to taking action