All About Mastermind Groups

Helping Entrepreneurs succeed online and offline

If you are new to the concept of a master mind group then a must read book is Think and Grow Rich by Napoleon Hill. You can Get Think and Grow Rich from Amazon. Another more recent book talking about mastermind groups is "Meet and Grow Rich" by Joe Vitale.

The concept of a Mastermind Group was first introduced in Napoleon Hill's book and is clearly explained below, and it is still worthy advice for any budding entrepreneur:

(a) Ally yourself with a group of as many people as you may need for the creation and carrying out of your plan or plans for the accumulation of money--making use of the "Master Mind" principle

(b) Before forming your "Master Mind" alliance, decide what advantages and benefits you may offer the individual members of your group, in return for their cooperation. No one will work indefinitely without some form of compensation. No intelligent person will either request or expect another to work without adequate compensation, although this may not always be in the form of money.

(c). Arrange to meet with the members of your "Master Mind" group at least twice a week, and more often if possible, until you have jointly perfected the necessary plans or plans for the accumulation of money.

(d) Maintain perfect harmony between yourself and every member of your "Master Mind" group. If you fail to carry out this instruction to the letter, you may expect to meet with failure. The "Master Mind" principle cannot obtain where perfect harmony does not prevail.

Keep in mind these facts:--

FIRST: you are engaged in an undertaking of major importance to you. To be sure of success, you must have plans which
are faultless

SECOND: you must have the advantage of the experience, education, native ability and imagination of other minds. This is in harmony with the methods followed by every person who as accumulate a great fortune.