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I’m continuing my posts based on the 13 steps for acquiring wealth. Napoleon Hill, in his book, Think and Grow Rich, discussed the 13 common steps successful men used to acquire their wealth. Today, I’m going to talk about developing a mastermind group with specialized knowledge. This is the fourth step for acquiring wealth or accomplishing your goals. Learn about the importance of building a mastermind group for success.
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Success Through Building Mastermind Groups
There are two types of knowledge, general and specialized. General knowledge is of little use in accomplishing anything. It’s great to have, but it won’t get you anywhere towards accomplishing your goals. Specialized knowledge is organized and intelligently directed through practical plans of action. Knowledge is not power but only potential power. Knowledge becomes power when it is organized and directed.
The U.S. Educational System
Hill believed that our educational system is flawed. It gives students knowledge but never teaches them how to organize and use that knowledge. For example, many college graduates don’t work in their field of study. They spend four years gaining knowledge which most is of little use to them.
Don’t get me wrong, I am not against education. I’m glad that I went to college and that my two daughters are currently attending universities. The knowledge that we learned has made us better people. That being said the truth is, I was never taught how to use that knowledge to accomplish something.
Specialized Knowledge
This is why it is important to develop a mastermind group with specialized knowledge. Most people have general knowledge and ideas. What they lack is the specialized knowledge to turn their ideas into money. For example, an inventor knows how to build things but doesn’t know how to market or sell what they’ve built. They don’t know how to manage employees or of potential legal issues. Building a mastermind group for success is crucial.
How can they overcome these obstacles and lack of knowledge? They form a mastermind group and bring in people with the specialized knowledge they lack. They can use that knowledge and organize it into a definite plan of action. Their next step is to go to work.
5 Steps
They can continue to add on to their mastermind group by finding others with specialized knowledge they can put to use. Successful people don’t stop acquiring specialized knowledge. I love to learn both general and specialized knowledge. Learning keeps me alive, and I’ll only stop learning when I die.
To be successful in acquiring wealth or accomplishing a goal, you need to:
- Form a team. Look for and find like-minded people with the specialized knowledge that you don’t have;
- Work together towards a definite purpose;
- Organize the specialized knowledge and put it to use;
- Form practical plans for accomplishing your definite purpose;
- Put action to your plans, and work in harmony.
Follow the above steps, build a mastermind group for success, and you will get closer to your goals every day.
Develop Your Mastermind Group With Specialize Knowledge
Developing a mastermind group with specialized knowledge is just one of the steps on your journey to success. Don’t try to take your journey alone. No one knows everything; successful people become so as a team. Write down the knowledge that you do not have and begin looking for people with specialized knowledge. Develop your mastermind group and do something great.
Final Thoughts
Do you have a team you are working with? Do you believe that mastermind groups are necessary for success? Leave a comment below and let me know. If you enjoyed this podcast don’t forget to like and follow.
We can do more with the right community. 💯
Thank you for commenting. You are so right.
[…] the world? Today I am going to talk about that process and how thoughts become ideas. Last week I talked about specialized knowledge and how to organize and direct knowledge to make it powerful. Today I’m continuing with the […]