Showing posts with label napoleon hill. Show all posts
Showing posts with label napoleon hill. Show all posts

Wednesday, April 28, 2010

5 Important Reasons A Mastermind Group Accelerates Business Growth

What do King Arthur and Napoleon Hill have in common? They both knew the power of a mastermind group. King Arthur had his round table of knights. Napoleon Hill dedicated his life to learning about the secret to success from the most powerful men of his time. Having a group of advisors you can trust is necessary for all successful business owners and leaders.

Consider the countless times you have used someone as a sounding board for your ideas. When two or more people collaborate with a specific goal in mind, the mastermind process is activated. A third unique consciousness is created by the discussion.

So many times I will be talking with a colleague and new ideas occur because of the conversation. I might have eventually gotten these ideas on my own, but the process is speeded up by discussion and feedback.

The diversity of the group lends power to the mastermind. All members of the group must be committed to a similar goal, whether professional, personal or spiritual. Having a common focus with like minded people is dynamic. Your mindset for success will strengthen from this collaborative process.

The list could go on and on about the benefits of a mastermind group. These are the top five reasons for joining a mastermind group to help you reach your goals.

1.Test ideas with the group before beginning a project
This will save you time and heartache. How often have you thought you knew exactly what your clients need? You begin to implement this idea and then launch the new product or service only to find there is no response. What you thought they needed and what they wanted were two different things.

Being able to bounce your ideas off the group will help you gain insight. When you trust the group and their feedback, you will begin to flush out an idea before going live with a new product saving a lot of time and angst along the way.

2.Accountability
It would be ideal if we were all natural implementers and be accountable to ourselves. That is true for some people, but not for everyone. The truth is you will have increased success for reaching your goal when you know others are counting on you. None of us want to let our peers down. Being part of a group helps to give you that extra nudge and drive to keep on going even when obstacles get in the way of progress.

3.Stepping out of the box
What I have learned from being in a mastermind is how much I just don't know. We all have different experiences about what works and what to avoid. Your mastermind group is your resource. Ask them your questions. You will likely get the direction you need to take the next step. The group is a valuable resource.

I am a big fan of stepping out of the box and doing things differently than everyone else. Be outrageous and have fun with the process. The suggestions I have received from my mastermind group have helped me to create products and services which are uniquely mine. The amazing women in my group have supported me with tapping into my unique purpose in a loving, gentle but honest manner. This priceless guidance has helped me shape my business and maintain a positive mindset. Sometimes you just can't see something yourself because you have always looked at things one way. Receiving insight from others opens up new possibilities as you strive to reach your greatest potential.

4.Stretching yourself
How often in your life do you have the opportunity to connect with people who encourage you to expand your focus? When you are part of a dynamic mastermind group, you will receive support to stretch yourself and reach even bigger goals than you would have envisioned on your own. There will be moments when you are stepping out of your comfort zone as you progress. You might not always know how to do something and realize a leap of faith is required before you can move forward. This is where your mindset might falter. Your mastermind group will give you the encouragement and support you need to take the next step. It is almost as if they are taking that leap of faith with you.

5.Dividing the sorrows and sharing the joys
Let's face it, there will be setbacks. Along the way toward your success challenges will arise and you might not understand where it all went wrong. Instead of allowing you to retreat, your mastermind group will provide the feedback to learn from the experience. With a positive mindset you will receive insight to refine your process. You will also know you are not the only one with challenges. Each of us experience setbacks. This is all part of the learning curve toward the next level of success.

You will achieve milestones. Share your successes and breakthroughs with the group. It is okay to brag. When you succeed, the group benefits and it motivates everyone else to keep moving forward as well. This is the place to allow yourself to shine and not feel self conscious about it. In fact, create a ritual with each mastermind meeting. Set aside a check-in process where you get to brag.

You might be in a different league from King Arthur and Napoleon Hill, but you will benefit from having your own personal board of directors. Your mastermind group will fill this role. All successful leaders have a team of consultants. This association with other like minded people will help you maintain a winning mindset to achieve the next level of your success and beyond.

Activity: There is no one right formula for a mastermind group. It can be as small as two people or as large as you want. Consider your reason for being in a mastermind. List all of the pros and cons. Write your intentions for joining a mastermind.

You can either choose to have a paid group leader or have it be a lay-led group where everyone takes a turn. If you were to be in a mastermind group, what would your goals be? How would you benefit from this type of support system? Determine how often you meet. Will the meetings be face to face, phone or virtual?

About the Author:
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From Loren Fogelman, the success expert, founder of Mindset for Marketing Success.


Read more: http://www.articlesnatch.com/Article/5-Important-Reasons-A-Mastermind-Group-Accelerates-Business-Growth/1023365#ixzz0mPoXfJCk
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Saturday, October 31, 2009

Think and Grow Rich - Organized Planning through Masterminding

Napoleon Hill, author of “Think and Grow Rich” stressed the importance of masterminding at two critical phases in his sixth step toward riches. At the onset of our planning we must have mastermind group input. As we implement and adjust our plans we must continue to maintain our relationship with this group.

Most people are ready to grow rich but really have no idea of where to start, much less the processes involved.

Previous steps prior to organized planning include:


•Desire or a burning passion to acquire riches or some other goal.
•Faith that you will obtain you desires.
•Autosuggestion to enable you to build your faith.
•Specialized knowledge as may be required.
•Imagination to conceive the idea which you will use to obtain your riches or goal.

As we progress through the steps toward our goal, we have arrived at the point where our initial desire will be as Mr. Hill described it, “crystallized” into action. This will require planning.

This is not to be confused with our initial plan which contains our goal, expected date to receive our goal, etc. This plan is where we begin to take definite action.

You may ask why you need to have a plan when you know what you want.

Napoleon Hill said it best. “No individual has sufficient experience, education, native ability, and knowledge to insure the accumulation of a great fortune without the cooperation of other people”.

What he is saying is that you will need to jointly plan with your group. The original idea may be your own creation, but the final version and its methods of implementation must be a joint venture.

Masterminding is certainly not a new or unique concept. It is no more than a group of individuals with mastery in various and numerous subjects pertaining to your particular needs, coming together to advise you and critique your plans.

Mr. Hill deemed this step as absolutely essential. Do not neglect it!

How to form a mastermind group:


•Research and seek out people who may assist you with your plans.
•Form an alliance with as many people as you need to create and help you carry out your plan or plans.
•As you form the alliance, decide what service you will render in exchange for their alliance. This may be money or a service.
•Arrange to meet with this group as often weekly as is necessary to create and implement your plan.
•Establish and maintain a harmonious relationship among all members. This again is an absolute essential.

The advantages of a mastermind group:


•Allows you, with the help of the group, to formulate plans that to the best of everyone’s collective knowledge are sound and faultless.
•Enables you to “fall back and regroup” if your plan does not work and you have to make adjustments or new plans.

Your ideas may indeed be sound, however your plans may not be and therefore you
don’t achieve what you desire. This is where most simply give up. Most people give up on the idea rather than press on until they find the successful plan.

As Mr. Hill illustrates in his text, Thomas Edison experienced ten thousand “temporary defeats” before he perfected the incandescent light bulb. Yes, ten thousand!

If you really having a burning desire for riches, you will need a fiery persistence to build and if need be rebuild your plans, never admitting final defeat.

“No man is ever whipped, unless he quits in his own mind”, Napoleon Hill, “Think and Grow Rich”.


My name is Gerrald Hendrix (Jerry). I am an internet entrepreneur marketing wealth creation, education and management products and services. I am one of a team of marketers teaching others how to be successful in challenging times. See what we do and how your life can be changed forever.

To learn more about me please visit: http://gerraldhendrixblog.com/

http://www.betternetworker.com/articles/view/personal-development/think-and-grow-rich-organized-planning-through-masterminding