Preparing for success – where are all the masterminds?

Andrew Carnegie’s mastermind alliance [1] is a universal principle – it applies to individuals as well as business owners. [2] Mastermind alliances are sometimes formal (boards of directors) and sometimes informal (President Andrew Jackson’s kitchen cabinet). Anyone who consults with others before making significant decisions is applying the mastermind principle.

How can you benefit from a mastermind alliance?

• Access to knowledge beyond your own
• Identification of unseen issues and alternative solutions
• Stress testing your plans through challenge and debate

Who makes a good mastermind alliance participant?

• Someone with broad knowledge and experience,
• With whom you have a relationship based on trust, and
• Who is willing to tell you what you need to hear, not what you want to hear.

Consciously and regularly applying the mastermind principle can significantly improve the quality of your decision-making.

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[1] Napoleon Hill, Think and Grow Rich
[2] This is the fifth article in a series illustrating the principles of Preparing for Success.