The book, Think and Grow Rich, by Napoleon Hill, is a treasure trove of inspiration. Chapter 10, Power of the Master Mind, offers some particular wisdom for entrepreneurs.© GT Bulmer
Web Biz Opportunities - StarrBizz.comSeven decades after it was first written,
Think and Grow Rich remains a highly influential guide for personal development. References to this amazing book often appear in posts in the various online business and marketing forums I participate in regularly.
Most everybody has heard of the book. Most everybody who has read it, loves it.
I was thinking about the
power of the master mind lately, how it can benefit an entrepreneur to partner with other likeminded individuals, either in business, directly, or simply to brainstorm ideas or offer feedback to each other. Of course, recalling the chapter in Napoleon Hill's book covering the subject of the master mind, I had to grab my dog-eared copy and check it out once again!
In this chapter, Hill explains that "power" is required for personal achievement and the accumulation of money. Power, he says, is "organized and applied knowledge" and there are three particular sources of knowledge:
- Creative Imagination
- Accumulated Experience
- Experiment and Research
The bigger the project or the grander the plans, the more "power" is required to bring them to pass and, therefore, the more "knowledge" is needed. At some point, an entrepreneur needs a boost with this and that's where the "power" of the master mind comes in.
Hill relates the stories of two successful and famous businessmen of his day who benefited from the application of the master mind principle.
First,
Andrew Carnegie, the person who inspired him to research and write the book.
Carnegie's master mind group consisted of a paid staff of about 50 men, each contributing ideas and knowledge to advance Carnegie's business interests. "He attributed his entire fortune to the power he accumulated through this master mind," says Hill.
Henry Ford was another businessperson who applied the master mind principle successfully. Once he befriended
Thomas A. Edison, notes Hill, Ford began to make rapid strides in his business. Outstanding achievements continued when he formed the acquaintances of
Harvey Firestone,
John Burroughs and
Luther Burbank.
Today, it may not be as easy to form master mind alliances with people of obvious great talent. A person may first have to prove their own value in order to win the attention and approval of others.
However, the 21st Century entrepreneur does have a few promising avenues to consider:
1) Seek like-minded individuals - entrepreneurs with similar goals and aspirations; develop relationships of mutual respect and support with them ... and watch for the cream to rise to the top! The best places to find such individuals are in online business and marketing forums and social networking sites.
I recommend:
-
Entrepreneur Forums-
ConquerYourNiche Forum.
2) Seek personal mentorship from experienced marketers. There are a number of online membership organizations that offer this form of mentorship and marketing support.
I recommend:
Niche Power Group3) Seek advanced training from recognized business leaders, coaches and trainers. Again, there are a number of online organizations that provide this service.
I recommend:
iLearningGlobalNapoleon Hill said, "Success comes to those who become success conscious."
When you focus your thoughts on the successful achievement of worthy goals and you do so with a definiteness of purpose, persistence and a burning desire, your goals will surely be realized. The
Power of the Master Mind can accelerate the process.
Sincerely, GT Bulmer
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