The Mastermind Concept and How It Can Improve Your Business

A mastermind group is a collection of people who are highly ambitious and motivated to improve their business and personal life by working with a group of like-minded people to achieve their goals.

The idea behind a mastermind group was introduced by Napoleon Hill in his book Think and Grow Rich (1937) as a way of improving your business and personal life.

Hill described his concept as, “a friendly alliance with one or more persons who will encourage one to follow through with both plan and purpose.”

The idea of a mastermind group has been around for centuries, with pioneering leaders such as Benjamin Franklin and Theodore Roosevelt using their mastermind groups for support, guidance and advice.

Great business people and creatives who were also part of mastermind groups include:

“The Vagabonds” – Henry Ford, Thomas Edison, President Warren G. Harding, Harvey Firestone

“The Inklings”: CS Lewis, JRR Tolkien, Charles Williams, Owen Barfield


There are many benefits to being part of a mastermind group to help improve your personal life and business. Meeting with intelligent people who are in the same situation as you, creates a space for:

  1. Creative thinking for innovative ideas and concepts
  2. Support through challenging problems or issues
  3. Sharing connections
  4. Collaboration opportunities
  5. Sharing advice and tips
  6. A place to learn new skills and gain knowledge from others


Being part of a facilitated mastermind group run by the one of The3rdgear’s expert consultants will give you the added benefits of:

  • The3rdgear’s unique 90-day planning format to achieve rapid progress towards your business and personal goals
  • Access to The3rdgear’s business management software to help the mastermind group keep track of their success and progress of their business and personal goals
  • Giving you access to marketing services such as website building, graphic design, copywriting and social media management
  • Monthly meetings with your mastermind group as well as one-on-one sessions with the facilitating The3rdgear consultant to boost your success

For more information and to find out how to get involved in a mastermind group visit