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Why Every Small 
Business Owner 
Needs a Master 
Mind.
Defined by Napoleon Hill 
in Think and Grow Rich.
“The coordination of 
knowledge and effort, in a 
spirit of harmony, between 
two or more people for the 
attainment of a definite 
purpose.” (Napoleon Hill)
Hill describes 
two key 
benefits of having 
a Master Mind:
Economic advantage: 
Hill suggests that surrounding oneself with 
the advice, council and personal cooperation 
of a group of peers who are willing to lend 
wholehearted aid in a spirit of harmony has 
been the basis of nearly every great fortune.
Psychic Advantage: 
Here Hill refers to the concept of synergy… 
“No two minds may ever come together 
without thereby, creating a third, invisible, 
intangible force which is likened to a third 
mind.”
8 Benefits for Small Business 
Owners
1. Shared knowledge and 
wisdom 
Whatever the problem, issue, 
challenge or dilemma you’re facing, 
you can just about guarantee 
someone in your Master Mind will 
have the answers you’re looking for!
2. Informed decision making. 
Avoid the procrastination and 
stress that comes with worrying 
about making bad decisions. With 
a Master Mind the odds are 
someone will have “been there 
before you”.
3. Critical feedback 
Get your old ways of doing 
things and your new ideas and 
initiatives looked at from a fresh 
perspective by “people who 
aren’t afraid to tell it like they 
see it”.
4. Accountability for action 
There’s a world of difference 
between saying you’re going to 
do something to yourself and 
saying it to a group of people 
whose opinion you value and 
respect. 
Accountability becomes both 
internal and external.
5. Inspiration for innovation. 
How often has talking over an 
idea enabled you to take the 
idea to a new stage or improve 
it exponentially? 
When it comes to creativity 
and innovation 1 + 1 = > 2.
6. The power of the network. 
The people in your Master Mind 
can extend the people you can 
connect with and the 
opportunities available to you 
exponentially. 
Six degrees of separation gets 
closer with a Master Mind.
7. Think bigger 
I challenge you to surround 
yourself with a group of 
successful high achievers 
and not find yourself thinking 
bigger and better yourself. 
How high can you fly?
8. A place to belong 
It’s lonely in small business. 
Where do you go to celebrate the 
wins; share the frustrations, 
offload the problems or think 
through new ideas? 
We all need a place to belong!
If any of those reasons are 
important for you or your business 
take action today… find and join a 
Master Mind. 
Can’t find one? Start one! 
Your success is in your hands but 
it’s exponentially easier with a 
Master Mind.
Thank you! 
You can find me: 
• @SMARTTribe 
• au.linkedin.com/in/smartsmallbusinessfor 
ums/ 
• http://smartforums.com.au/

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Why Every Small Business Needs a Master Mind Group

  • 1. Why Every Small Business Owner Needs a Master Mind.
  • 2. Defined by Napoleon Hill in Think and Grow Rich.
  • 3. “The coordination of knowledge and effort, in a spirit of harmony, between two or more people for the attainment of a definite purpose.” (Napoleon Hill)
  • 4. Hill describes two key benefits of having a Master Mind:
  • 5. Economic advantage: Hill suggests that surrounding oneself with the advice, council and personal cooperation of a group of peers who are willing to lend wholehearted aid in a spirit of harmony has been the basis of nearly every great fortune.
  • 6. Psychic Advantage: Here Hill refers to the concept of synergy… “No two minds may ever come together without thereby, creating a third, invisible, intangible force which is likened to a third mind.”
  • 7. 8 Benefits for Small Business Owners
  • 8. 1. Shared knowledge and wisdom Whatever the problem, issue, challenge or dilemma you’re facing, you can just about guarantee someone in your Master Mind will have the answers you’re looking for!
  • 9. 2. Informed decision making. Avoid the procrastination and stress that comes with worrying about making bad decisions. With a Master Mind the odds are someone will have “been there before you”.
  • 10. 3. Critical feedback Get your old ways of doing things and your new ideas and initiatives looked at from a fresh perspective by “people who aren’t afraid to tell it like they see it”.
  • 11. 4. Accountability for action There’s a world of difference between saying you’re going to do something to yourself and saying it to a group of people whose opinion you value and respect. Accountability becomes both internal and external.
  • 12. 5. Inspiration for innovation. How often has talking over an idea enabled you to take the idea to a new stage or improve it exponentially? When it comes to creativity and innovation 1 + 1 = > 2.
  • 13. 6. The power of the network. The people in your Master Mind can extend the people you can connect with and the opportunities available to you exponentially. Six degrees of separation gets closer with a Master Mind.
  • 14. 7. Think bigger I challenge you to surround yourself with a group of successful high achievers and not find yourself thinking bigger and better yourself. How high can you fly?
  • 15. 8. A place to belong It’s lonely in small business. Where do you go to celebrate the wins; share the frustrations, offload the problems or think through new ideas? We all need a place to belong!
  • 16. If any of those reasons are important for you or your business take action today… find and join a Master Mind. Can’t find one? Start one! Your success is in your hands but it’s exponentially easier with a Master Mind.
  • 17. Thank you! You can find me: • @SMARTTribe • au.linkedin.com/in/smartsmallbusinessfor ums/ • http://smartforums.com.au/

Hinweis der Redaktion

  1. Objective – to give you all the information you need to make an informed decision as to whether a SMART Forum membership is right for you and your business