Mastermind With Dave

No two minds ever come together without, thereby, creating a third, invisible, intangible force which may be likened to a third mind.
– Napoleon Hill, Think and Grow Rich

What is a Mastermind Group?

According to Napoleon Hill, author of Think and Grow Rich, and widely acknowledged as a strong proponent of collaborative mastermind groups, 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.”

Mastermind mind groups bring together highly motivated individuals who share a common intention of personal or professional growth, are committed to personal excellence and are looking to encourage, support and assist others to improve.

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Who Invented The Mastermind Group?

While Napoleon Hill officially introduced the term in Think and Grow Rich, Master Mind groups have been around a lot longer than the book was published in 1937. The undeniable value of having a group of individuals providing outside perspective, tools, and motivation to bring each other’s’ success to another level is something many successful people throughout history figured out.

Successful mastermind groups from history and modern day can be traced hundreds of years and three examples that can be highlighted are: 

1. The Knights of the Round Table

King Arthur’s (the famed British leader of late 5th and 6th centuries) legendary gathering of a marvelous court of prominent warriors called Kind Arthur & the Knights of the Roundtable.  This group is said to have been gathered to maintain the order and success of the kingdom.

The Group is a gathering of prestigious and successful knights in a group without a single head; each member having equal status and stake in the success of the broader group. While very much a legend of oral history and fiction, I think it’s safe to say this was one of the first true mastermind groups documented in fiction or history.

2. The Junto – Established in 1727 by Benjamin Franklin

The Junto initially consisted of 12 members who met together for mutual improvement by discussing moral, political, and scientific topics of the day.

The Junto’s Friday evening meetings were organized around a series of questions that Franklin devised, covering a range of intellectual, personal, business, and community topics. These questions were used as a springboard for discussion and community action. In fact, through the Junto, Franklin promoted such concepts as volunteer fire-fighting clubs, improved security (night watchmen), and a public hospital.

3. Andrew Carnegie and the Steel Mill

It’s well known that, while Carnegie changed the course of history in America through his Steel Empire, it’s lesser known that he himself actually knew very little about the manufacture of Steel!

The secret to his success was not his expertise and knowledge but his understanding of people and the fact that he surrounded himself with the right individuals. He was savvy enough to ensure he had a small group around him that pushed him to succeed. Even though this was nearly 30 years before the term “master mind group” was ever uttered, and it may not be a traditional modern day group, Andrew Carnegie, one of the most successful men in American history, was aided by the benefits of a mastermind group.

The following is an excerpt from Napoleon Hill’s Book that highlights this perfectly:

During a newspaper interview with the great steel magnate, I asked him (Andrew Carnegie) to what he attributed his success. He replied by asking me to define the term success. When I told him I had reference to his money, he said: “Well, if you want to know how I got my money, I will refer you to these men here on my staff; they got it for me. We have here in this business a master mind. It is not my mind, and it is not the mind of any other man on my staff, but the sum total of all these minds that I have gathered around me that constitute a master mind in the steel business. I have been many years gathering these men around me and building this mind. Each man contributes an important part to the building of this mind. I do not always agree with all the men on my staff, on all matters, nor do they always agree with me. Perhaps some of us do not like each other from a personal viewpoint, but I know that I need these men and they know that they need me in the maintenance of this master mind that is necessary in carrying on this steel business.”

Throughout history, successful people have realized the synergy that can be achieved with a mastermind group.
Not all of them have followed the same model and many of them didn’t even go by the same name. However, they all used the power of gathering like-minded individuals to raise the success level of everyone in the group. If you aren’t utilizing some form of this synergy in your life today, what are you waiting for?

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Benefits of A Mastermind Group

The 3 C’s of Mastermind set the foundation for beneficial group dynamics and for magic to unfold – connection, collaboration and co-creation.

  • By tapping into the minds of several like-minded individuals, a group member experiences the following benefits:
  • Motivation and inspiration to move forward, grow, and stretch.
  • Feedback and constructive criticism from people who people who CARE (4th C)  and want to see you succeed.
  • Perspectives from group members with professional and personal experiences that can add value , provide options and share alternatives.
  • Accountability to take action, to think ahead and make a plan until the next meeting
  • Access to each others network which can be a tremendous bonus as one’s net worth is equal to the value of one’s network

Participating in a mastermind group takes time and energy, but the clarity and insight it provides is time well spent.




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Why Mastermind Groups Work

When you connect with like-minded people who have a sincere interest & commitment to growth, service and contribution,  you plug into something “special” that will provide you with feedback, wisdom and insights that will serve you on your journey. When you expose yourself to vulnerability, authenticity, and truth in a mastermind group, you benefit from the differing perspectives of the group members, which elevates your vibration, brings about insights, distinctions and wisdom that you otherwise wouldn’t have been privy to.

Entrepreneur and best selling author Timothy Ferriss states: “I don’t think people need more motivation. I think they need more feedback and accountability, that’s it.” I would venture to say that feedback and accountability, such as what is found in a mastermind group, tend to provide the type of motivation that makes a difference.

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