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Fred Lebhart Posted by Fred Lebhart on November 14, 2012

Being part of a Master Mind group -is it right for you?

Being part of a Master Mind group -is it right for you?

A little history on the business mastermind concept

I was recently invited to join The Digital Mastermind Group -I was gun shy at first, since as a business owner the demands on my time are already at 110%, but after looking into the concept I learned the true value of this type of group, and I wanted to share some research on why this may be a good idea for other business, as well.

The group I just joined is for digital agencies, with CEOs and founders collaberating on ideas, trends, tecnhology, etc -there are monthly presentations, daily online converstaion/collaberation and semi annual, in-person meetups.  The groups describes itself as "a gathering of digital agency CEOs and presidents who share a common belief..."

What's a mastermind group?

Andrew Carnegie, known to some as the worlds first billionaire in the early 1900's said in Napoleon Hill's "Think and Grow Rich," that he attributed his entire fortune to the power of the mastermind.

Carnegie believed that being a member of a mastermind group was essential for success. Being part of a mastermind group is all about building relationships.  The more relationships you build,  the bigger team you build.  The bigger team you build, the more success you will have.  It comes down to a simple equation:  Your Idea + someone else's idea = You with one more better idea.

Now just imagine having access to hundreds of other like-minded masterminds, synergistic with your thoughts and ideas. This is no secret!

  • "Coming together is a beginning; keeping together is progress; working together is success."  ~ Henry Ford

  • "I believe that if you show people the problems and you show them the solutions they will be moved to act."  ~ Bill Gates

  • "Try not to become a man of success, but rather try to become a man of value."  ~ Albert Einstein

  • "Good leadership consists of showing average people how to do the work of superior people."  ~ John D. Rockefeller

  • "We make a living by what we get, but we make a life by what we give." ~ Winston Churchill

  • "Great achievement is usually born of great sacrifice, and is never the result of selfishness."  ~ Napoleon Hill

In his classic book on wealth and success, Think And Grow Rich (1937), commissioned by Carnegie, Dr Napoleon Hill interviewed the wealthiest and most powerful men and women of the day in order to unlock their success secrets.

Figures like:

  • Thomas Edison

  • Alexander Graham Bell

  • Henry Ford

  • Andrew Carnegie

  • John D. Rockefeller

  • Charles M. Schwab

  • Theodore Roosevelt

  • F.W. Woolworth

(Plus another 500 or so more, over a 20 year period...)

And one of the most intriguing conclusions Hill came to, after over 20 years of research, was that:  The Most Successful People In Life Never Reach The Top All By Themselves

The intriguing part is, Dr Hill found that most of the great men and women he interviewed didn't come from "money". They didn't have a trust fund or inheritance to get them started. Many even started from a position of total poverty. But what they did understand is the importance of collaborating with other high achievers on an on-going basis to fill, complement and supplement their knowledge gaps and make "quantum leaps" of insight and value creation that would have been not just difficult but impossible on their own.

In other words, they understood the unique value of being part of a "Mastermind" Group.

Today's Ultra-Rich And Mega-Successful Still Rely On The MasterMind Concept To Beat The Pants Off Their Competition

If you’ve ever wondered how people like Donald Trump, Bill Gates, Richard Branson, Warren Buffet and Steve Jobs got to be so rich, famous and successful, it’s because they too have developed a "brains trust" or MasterMind Group that they regularly leverage to whip the pants off their competition.

They’re not necessarily smarter than you and me, but they have access to and take full advantage of the MasterMind Principle on an on-going basis -- while most people don’t even know what a MasterMind Group is!

These Peak Performers DO what most people never get around to doing and so produce results that most people can only dream of.

  • Dr Napoleon Hill explained in Think and Grow Rich that a MasterMind is a unique concept that leverages the collective power of the group, creating a ‘Third Mind’

  • A third mind that asks and answers questions you didn’t know you needed to ask to solve problems and overcome challenges you didn’t know you were about to face!

  • Nearly every great achievement or massive fortune in history has been the product of a team of minds united in achieving the same, pre-defined goal - a MasterMind Group.

The American Declaration of Independence was the result of a MasterMind Group.

So was man's first powered flight.

So was man's first flight into space and subsequently the moon.

The MasterMind Group principle is simply stated as No two minds ever come together without creating a third, invisible, intangible force which may be likened to a third mind.

A MasterMind Group will become YOUR secret weapon, giving you the edge that has been missing, so you always know what your next step is.

I just joined the group and am looking forward to the collaberation and in-person meetups.  I'll post follow ups as well as lessons learned from the group.