First. You are engaged in an undertaking of major importance to you. To be sure of success, you must have plans which are faultless.
Second. You must have the advantage of the experience, education, native ability and imagination of other minds. This is in harmony with the methods followed by every person who has accumulated a great fortune.
No individual has sufficient experience, education, native ability, and knowledge to insure the accumulation of a great fortune, without the cooperation of other people. Every plan you adopt, in your endeavor to accumulate wealth, should be the joint creation of yourself and every other member of your “Master Mind” group. You may originate your own plans, either in whole or in part, but SEE THAT THOSE PLANS ARE CHECKED, AND APPROVED BY THE MEMBERS OF YOUR “MASTER MIND” ALLIANCE.
If the first plan which you adopt does not work successfully, replace it with a new plan, if this new plan fails to work, replace it, in turn with still another, and so on, until you find a plan which DOES WORK. Right here is the point at which the majority of men meet with failure, because of their lack of PERSISTENCE in creating new plans to take the place of those which fail.
The most intelligent man living cannot succeed in accumulating money—nor in any other undertaking—without plans which are practical and workable. Just keep this fact in mind, and remember when your plans fail, that temporary defeat is not permanent failure. It may only mean that your plans have not been sound. Build other plans. Start all over again.
Thomas A. Edison “failed” ten thousand times before he perfected the incandescent electric light bulb. That is—he met with temporary defeat ten thousand times, before his efforts were crowned with success.
No man is ever whipped, until he QUITS—in his own mind. This fact will be repeated many times, because it is so easy to “take the count” at the first sign of defeat. A QUITTER NEVER WINS-AND—A WINNER NEVER QUITS.
Leadership is an important function of management, which helps to maximize efficiency, and to achieve organizational goals. In fact leadership is an essential part and a crucial component of effective management...It has the potential to influence and drive the group efforts towards the accomplishment of goals. Michael has said time and time again that you can't become a good leader unless you're a good follower first. Reading this chapter has allowed me to reflect on my past mistakes and failures. I now realize that I didn't have an organized plan or a true leader to follow, and most of all I was not part of a mastermind. The power of the mastermind has been the biggest change in my life! I continue to gain knowledge and ideas each and every week here at MFF!!! I'm becoming a better leader and developing more skills. I'm getting a grasp on the principles that Hill teaches in this book.
Organization is the glue that keeps our lives together. Even without realizing it, you are practicing it on a daily basis, just think about it. As a young child you had to learn to organize the basics such as reserving your bodily functions for the restroom or putting your toys away neatly. Overtime we all had to allow our lives to be segmented into schedules. Waking up on time to go to school, doing your home work or simply setting time aside for leisure; it’s all a part of living within a society. I'm mastering time management and organized planning.
Thank you Linda and Michael Dlouhy for taking the time to help us all become better leaders. I'm forever grateful!!!