How to select members for your MasterMind Group

In the previous post I talked about how to create a MasterMind group and gave you specific guidelines to help you make calls to others to join your mastermind group.  Now, there is another important part you need to know when building your mastermind team.  All the great industrialist, thinkers, capitalist and modern day icons of business understand this idea and now I’m sharing it with you.  And that is that you need “Specialized Knowledge” to advance in life, especially if you want to reach your monetary goals.

In fact, there is an entire chapter on it in Napoleon Hill’s book that I’m going to recommend you read on “Specialized Knowledge” to increase your understanding of its impact and significance on your life.  In the chapter on Specialized Knowledge, Hill points out “if you’re going to reach your monetary goals, you have to have specialized knowledge.  Otherwise, you’re not going to reach it.”  Now when you first read this, you may find it a little disheartening because you may not have any specialized knowledge.

But about 4 or 5 paragraphs down, he let’s you off the hook.  He points out that you don’t have to have it?  He says the accumulation of great fortunes calls for ‘power’ and ‘power’ is acquired through “HIGHLY organized” and intelligently directed specialized knowledge.  But the one who accumulates the wealth doesn’t have to have the knowledge.  And he uses Andrew Carnegie as an example.

Andrew Carnegie was the wealthiest man in the world at the time and he made his riches in the steel industry.  And Carnegie said that “he knew nothing about steel.  And he said that he wasn’t inclined to learn anything about it.”  He said he got all the aid he needed in that area through the help of his mastermind group.

So if you don’t have a MasterMind group I want you to sit down and think of 5 or 6 people who are really sharp, I mean a very smart mind.  And then you say, “I’m going to pick one of them to start a mastermind group with.”  And then the two of you get together and pick another one.  And you do this until you have 5,6,7 or 8 people.  If you go beyond 8 that’s probably too many.  If you’re going to make it happen in a Big way then you’re going to have to have specialized knowledge.

How to Assemble a MasterMind

Choose people who are already where you’d like to be in your life– or who are at least a level above you.  The truth is many people at a higher level will want to become involved simply because they then get to play at a game they might never organize for themselves.  The other people you’re going to invite are people they would like to be around, too.

The fact is that most people are not in mastermind alliances.  And if you can start one they’d like to be involved with, they’ll let you in and open a whole new world for you.

While you may not get Warren Buffet or Bill Gates, you could probably get the major real estate developer in town.  Or you could probably get a business owner.  Or maybe get the publisher of the local newspaper.  But you won’t know until you ask.

So star with your list and work down.  Maybe you’ll end up with a local columnist instead of the publisher- someone who might be a lot more helpful to you in the long-run.  If your goals are centered around a specific subject like starting a new business or investing money, you might start a mastermind group centered around entrepreneurship or investments.

The point of the mastermind is very simple, it’s an alliance built of two or more minds working actively together in perfect harmony toward a common definite object, [goal or task].  Napoleon Hill

Yours Truly,

Charles R. Starr

[Note]: I got this information from both Bob Proctor and Jack Canfield. One in Bob Proctor’s, Six Minutes to Success and the other in Jack Canfield’s, The Success Principles. I combined them and then applied their suggestions into my life