Retail Self Management Tip

Tip #406 - Start Your Own Master Mind

(4/23/10)

This week's Tip comes via video Bob that recorded while participating in a Mastermind Conference in New Mexico last week.  Or if you prefer, you can read the key points below...

Video Highlights:

>> The 'Master Mind' is a concept introduced by Napoleon Hill in his book "Think and Grow Rich." Note to Retail Mastery System owners: you have a complete copy of this amazing little book on the Data CD in your Personal Business Skills Kit. You should go read it!

>> In a Master Mind group, you gather people to cooperate and achieve a specific purpose - in business Master Minds, the purpose is most often to increase business success of each person in the group.  A science Master Mind might have as its purpose to make certain scientific discoveries.

>> The power of multiple minds working together towards a common purpose is not only bigger and better than a single mind working in isolation, it is also greater than the sum of each of the individual minds.

>> The people in your Master Mind must be people that you absolutely TRUST.  Each person in the group must be committed to the group and to participating fully in a spirit of harmony.

>> Select individuals with diverse skills, strengths, and areas of success.  If everyone is just like you or at your same level of success, the power is diminished.

>> Two kinds of Master Minds retailers might consider: Industry Master Minds, where you gather the best and brightest in your industry from around the country.  Local or regional Master Minds, where you seek out the best and brightest in your area from a variety of different business types.  Both have value.

>> Make a list 5-10 people you think would make good Master Mind members and start your own Master Mind group!

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