Tag Archives: Think and Grow Rich

Join a Mastermind Group. Or Start One!

Join a Mastermind Group. Or Start One!

What does it take to launch and grow a winning company? Everyone wants the secret sauce (including me). That’s why I interviewed 45 champions who created $41 billion (now up to $63 billion) in value from scratch and then presented their insights in How They Did It: Billion Dollar Insights from the Heart of America.

There is in fact at least one thing that I have 100% certainty will help you if you are committed and serious about your goals, integrity and desire to succeed. I truly believe that if you form or join a mastermind group, you significantly increase your chances for success. No matter what industry or profession, a mastermind group can be a vital element in your life and work.

Is a mastermind group the same thing as the now ubiquitous networking group, found in abundance all over the planet? No. A mastermind group consists of two or more individuals who come together in a positive and constructive spirit with the goal of assisting in each other’s development. It is not about making referrals. The greatest personal improvement writer of the modern age, Napoleon Hill, rediscovered this truth in his seminal work, Think and Grow Rich. He determined that the presence of a mastermind group was of vital importance for the business titans he interviewed, including Henry Ford, Thomas Edison, Andrew Carnegie and 500 other global leaders in the early 1900s.

A mastermind group comes together in a spirit of harmony, and in that spirit forms something called a mastermind consciousness. And I’ll bet that if you’ve had any degree of success in any endeavor thus far, you will find that you already are a part of a mastermind group. Are you happily married or in a committed relationship? You have a mastermind group. When people come together for mutual benefit, something larger emerges for the good of the relationship, not just for the specific benefit of either partner. Do you have a true buddy who always looks out for your best interest, and you for theirs? You have a mastermind group.

In a business context, a mastermind group consists of no more than 6 or 8 professionals, who meet regularly to present their goals and report on their progress. Each member is held accountable by the group. Accountability is key!

I joined my mastermind group when it was already up and running, thanks to a remarkable person named Dean Klassman. That was 11 years ago, and we’ve been meeting in person or on a conference call once a week ever since. I asked Dean and my other mastermind partners permission and conducted short, mini video interviews so you could get a feel for what I’m talking about. See what you think, and if you have your own mastermind group I’d love to hear about it! And if you send us a short video of your group, I will send each member of your group an autographed copy of How They Did It! Email bob at with your story and/or video and we’ll send something guaranteed to thrill your group and make you a hero.

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