nd group in action was with Bill Gates and Microsoft. It's said that even today after all his success, Bill Gates still meets with his mastermind group.

The key to a mastermind group is that membership must be mutually beneficial to all members and that it should operate as a team. When Thomas Edison's laboratory burnt down, Henry Ford showed up the next morning with a cheque for $750000 to help his fri

A mastermind group is a group of people who come together to mutually assist each other in their pursuit of success. The idea is that the members of the mastermind group each provide vital skills and knowledge that other members may lack. They bounce ideas of each other and offer help and advice so that they all may become successful.

Mastermind groups were first discussed in detail in Napoleon Hill's famous 1937 book, Think and Grow Rich. Hill had learnt of the concept from Andrew Carnegie who had successfully used mastermind groups to build his steel business.

Carnegie knew what his business goals were but he also knew that he lacked the specialised technical knowledge of the steel industry required to make his dreams into reality. His solution to this problem was to surround himself with knowledgeable people who could fill the gaps in his own expertise.

Another of Hill's examples of a successful mastermind group was that of automobile pioneer Henry Ford. He didn't see the need to hold every single piece of knowledge in his own mind when he could call on people who could deliver him that knowledge as he required it.

The concept had been practiced for a long time before that such as in military applications where a commander would have a team of generals who possessed particular skills. However, Ford was one of the first publicised examples of it being applied directly to business.

Members of Ford's mastermind group included the famous inventor Thomas Edison, who himself gained valuable insights from the group which he used to build his own success.

A more modern example of a mastermind group in action was with Bill Gates and Microsoft. It's said that even today after all his success, Bill Gates still meets with his mastermind group.

The key to a mastermind group is that membership must be mutually beneficial to all members and that it should operate as a team. When Thomas Edison's laboratory burnt down, Henry Ford showed up the next morning with a cheque for $750000 to help his fri

amous 1937 book, Think and Grow Rich. Hill had learnt of the concept from Andrew Carnegie who had successfully used mastermind groups to build his steel business.

Carnegie knew what his business goals were but he also knew that he lacked the specialised technical knowledge of the steel industry required to make his dreams into reality. His solution to this problem was to surround himself with knowledgeable people who could fill the gaps in his own expertise.

Another of Hill's examples of a successful mastermind group was that of automobile pioneer Henry Ford. He didn't see the need to hold every single piece of knowledge in his own mind when he could call on people who could deliver him that knowledge as he required it.

The concept had been practiced for a long time before that such as in military applications where a commander would have a team of generals who possessed particular skills. However, Ford was one of the first publicised examples of it being applied directly to business.

Members of Ford's mastermind group included the famous inventor Thomas Edison, who himself gained valuable insights from the group which he used to build his own success.

A more modern example of a mastermind group in action was with Bill Gates and Microsoft. It's said that even today after all his success, Bill Gates still meets with his mastermind group.

The key to a mastermind group is that membership must be mutually beneficial to all members and that it should operate as a team. When Thomas Edison's laboratory burnt down, Henry Ford showed up the next morning with a cheque for $750000 to help his fri

ble people who could fill the gaps in his own expertise.

Another of Hill's examples of a successful mastermind group was that of automobile pioneer Henry Ford. He didn't see the need to hold every single piece of knowledge in his own mind when he could call on people who could deliver him that knowledge as he required it.

The concept had been practiced for a long time before that such as in military applications where a commander would have a team of generals who possessed particular skills. However, Ford was one of the first publicised examples of it being applied directly to business.

Members of Ford's mastermind group included the famous inventor Thomas Edison, who himself gained valuable insights from the group which he used to build his own success.

A more modern example of a mastermind group in action was with Bill Gates and Microsoft. It's said that even today after all his success, Bill Gates still meets with his mastermind group.

The key to a mastermind group is that membership must be mutually beneficial to all members and that it should operate as a team. When Thomas Edison's laboratory burnt down, Henry Ford showed up the next morning with a cheque for $750000 to help his fri

ry applications where a commander would have a team of generals who possessed particular skills. However, Ford was one of the first publicised examples of it being applied directly to business.

Members of Ford's mastermind group included the famous inventor Thomas Edison, who himself gained valuable insights from the group which he used to build his own success.

A more modern example of a mastermind group in action was with Bill Gates and Microsoft. It's said that even today after all his success, Bill Gates still meets with his mastermind group.

The key to a mastermind group is that membership must be mutually beneficial to all members and that it should operate as a team. When Thomas Edison's laboratory burnt down, Henry Ford showed up the next morning with a cheque for $750000 to help his fri

nd group in action was with Bill Gates and Microsoft. It's said that even today after all his success, Bill Gates still meets with his mastermind group.

The key to a mastermind group is that membership must be mutually beneficial to all members and that it should operate as a team. When Thomas Edison's laboratory burnt down, Henry Ford showed up the next morning with a cheque for $750000 to help his friend rebuild his business. That's the power of the mastermind group!

Everybody in the mastermind group must be dedicated to helping the other members of the group succeed or helping the group succeed as a whole if they're all working towards a common goal such as building a business. Therefore, all members must have an incentive to make them want to perform to the best of their abilities.

The thing to remember about a mastermind group is that it doesn't have to be like a group of staff who you're paying to work for you. Obviously, that's one way to do it but there are other ways to do it too.

Jason Webb (EA)