The document emphasizes the importance of mastermind groups for small business owners, as defined by Napoleon Hill, highlighting benefits such as shared knowledge, informed decision-making, and accountability. It suggests that these groups foster inspiration, networking opportunities, and a sense of belonging, leading to greater success. Business owners are encouraged to join or create a mastermind to enhance their growth and support.

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/