A Mastermind Alliance is a term coined by Napoleon Hill in his self-help book “The Law of Success” published in 1925. As Napoleon defines this, it’s “the coordination of knowledge and effort, in a spirit of harmony between two or more people for the attainment of a definite purpose.” In essence, it’s a group of like-minded people gathered around single goal or idea who meet at regular intervals to discuss problems, share experiences, brainstorm solutions and hold each other accountable for taking action.

Mastermind Groups Today

Despite its age the idea of the Mastermind Alliance is still popular today and you will find that it’s used by many successful business owners and entrepreneurs:

  • Business-focused Mastermind groups bring hundreds of people together for business growth, development and networking
  • In the startup world this concept has evolved into “incubators”
  • The Board of Advisors is a widespread implementation of Mastermind groups in a corporate setting
  • Relationships between a single person and their mentor, while rarely labeled so, are an example of Mastermind alliance
  • Support groups like Alchoholics Anonomous and Weight Watchers are closely related to the idea of Mastermind group

How to Apply the Mastermind Principle in Your Life

As you can see, the idea of a Mastermind groups is widely adopted in a business context, but its application goes well beyond that. You can benefit from this concept in many other areas of life where you struggle to push through on your own.

It’s easy to start your own Mastermind – you don’t need hundreds of people to run a successful group – in fact, collaboration in smaller groups is much more effective as it allows to everyone share his or her perspective in-depth. The problem I’ve encountered though – is where to meet people who can join your Mastermind group, and that’s exactly why we started ACHIEVEup.

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