Napoleon Hill Mastermind Group Summary

The concept of the Mastermind Group comes from Napoleon Hill in his now famous book, "Think And Grow Rich."

For those of you who haven't read it yet and are curious about the origins of Mastermind Groups, I came across a paraphrased overview of it concept in a recent blog posting:

The Power of the Mastermind

No two minds ever come together without thereby creating a third - a third invisible, intangible force that may be likened to a third mind. You may have noticed many times that by discussing something with another person you suddenly get good ideas as a result of the discussion, ideas you would not have gotten without this association. Well, the same thing happens to the other person. A lot of good ideas have been born in individual minds as a result of having met in committee.

Associating with your mastermind alliance is not meant as a means of letting others do your thinking for you, far from it. It is meant to stimulate your own thinking through the association with other minds. No one knows everything. The more sympathetic minds you get together - that is, minds working for a common purpose - the more related information is going to be available. Great ideas are a combination of related information.

Pick the members of your mastermind group with care. Make sure they're people you respect and who are hard working and conscientious. You'll have a lot of fun, and you'll reach your goals just that much sooner.

The Power Of The Mastermind Group

Guest Contributor: Richard Stocks
Richard's Posts - Richard's Blog


The power of the mastermind group is unmatched, the search for its members, unending. There are only so many hours in a day and only so much information you can acquire yourself. Thus, you must rely on the skills and information acquired by others. Whether they provide the advice upon which you base your legal decisions or your financial ones, whether they can provide costing or sourcing information.

Anything that you venture requires is going to have to be provided by you. You must have a mastermind group in order to be informed enough to provide it.

You should therefore ensure that your mastermind group represents all areas of your business and that you can turn to them individually or collectively for their input at any time. One person can never hope to collect the knowledge that a larger group has spent years accumulating.

To further illustrate this point, your job as an entrepreneur, is to become the finest generalist you can become, someone who knows a little about each of the functions of your business. Your Mastermind group therefore must be made up of the finest specialists you know or can afford. On this point, specialist advice is not always cheap, so you should not be either. Hire and defer to the best. Put the leaders in their space on retainer if you must.

Ultimately your success in your venture depends upon the quality of the advice and support received from the specialists in your Mastermind Group.

The power of many is far, far greater than the power of one.