The concept of the “MasterMind Alliance” was formally introduced by Napoleon Hill in his timeless classic, “Think and Grow Rich,” though MasterMind groups have been around since the beginning of time. Even Benjamin Franklin belonged to such a group, which he called a Junta.
Napoleon Hill wrote about the mastermind group principle as:
“The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.”
“No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind [the master mind].”
MasterMind Group Results
In a MasterMind group, the agenda belongs to the group and each person’s participation and commitment is key. Your mastermind partners give you feedback, help you brainstorm new possibilities, and set up accountability structures that keep you focused and on track. You create a community of supportive colleagues who brainstorm together to move the members to new heights.
You’ll gain tremendous insights which improve your business and personal life. Your mastermind group is like having an objective Board of Directors, a success team, and a peer advisory group, all rolled into one.
What a MasterMind is NOT
It’s NOT a class. While your group can decide to bring in guest speakers and experts occasionally, the main focus of a MasterMind group is the application, brainstorming and accountability support among the group members.
It’s NOT a Book Study. While time is spent discussing topics from the book, it is about applying what you learn, not just the attainment of knowledge.
It’s NOT group coaching. MasterMind groups are about the MEMBERS sharing with each other, not about the Facilitator coaching individuals in a group setting. You get everyone’s feedback and support. Even if the Facilitator is an expert on the topic, by all means everyone participates. It is imperative to keep the conversation balanced between all members.
It’s NOT a networking group. While you may share leads and resources with each other, it is not the main focus of the meetings. However, through your connections with other members, you will find plenty of joint venture opportunities, lead sharing, and professional networking.