What the heck is a mastermind?

Some of you are asking “What is a mastermind?”

I first learned about the concept of masterminding when I read Think and Grow Rich by Napoleon Hill.

Hill spent 20 years studying rich people to see what they had in common.

He came up with 14 principles that I won’t be able to cover here.

Principle #9 talks about the power of a mastermind. Here’s an excerpt from Think and Grow Rich:

9. Power of the Master Mind: The Driving Force

The Master Mind is one of the core tenets of Hill’s teachings, and it’s a powerful one.

He describes it as: “coordination of knowledge and effort, in a spirit of harmony, between two or more people, for the attainment of a definite purpose.”

Through these groups, Hill suggests that “Men take on the habits and power of thought of those with whom they associate in a spirit of sympathy and harmony.”

One of the original Master Mind groups was formed by Henry Ford, Harvey Firestone, John Burroughs and Luther Burbank.

Things turned out pretty good for those guys, and since then groups of successful people (usually CEOs) get together on a regular basis to help each other solve their biggest challenges.