Developing A Mastermind Group With Specialized Knowledge

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 in accomplishing your goals.

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Developing A Mastermind Group With Specialized Knowledge

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’s organized and directed.

Education

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 of which most is of little use to them.

Don’t get me wrong I’m 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 idea 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.

Mastermind Group

How can they overcome these obstacles and lack of knowledge? 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.

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.

Steps

To be successful in acquiring wealth or accomplishing a goal you need to:

1. Form a team. Look for and find like-minded people with the specialized knowledge that you don’t have;
2. Work together towards a definite purpose;
3. Organize the specialized knowledge and put it to use;
4. Form practical plans for accomplishing your definite purpose;
5. Put action to your plans and work in harmony.

Follow the above steps and you will get closer to your goals every day.

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Final Thoughts

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 and 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 go do something great.

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 don’t forget to like and follow.

Cites:

“Specialized Knowledge” Think and Grow Rich: The Complete Classic Text, by Napoleon Hill, Jeremy P. Tarcher/Penguin, 2008, pp. 91-112.