Think & Grow Rich by Napoleon Hill – An Essential Read for Entrepreneurs

Think & Grow Rich by Napoleon Hill – Review & Summary Part 1

You’ll come across many different books that propose that they have best or most helpful information for you to apply to your business, and by extension your life. There are many books in the personal development and business field that are truly beneficial and that you’ll want to read more than once. One such book is “Think and Grow Rich,” by Napoleon Hill. This book will be one that you read time and time again and continue to get benefit from. Hill’s classic work has been studied, discussed, edited, re-released and modeled from time and time again since its original publishing in 1937. It’s considered by many to be the definitive work on developing the proper mental attitude and mindset for entrepreneurship… so much so that many authors over the years, including modern authors, continue to use and expand on what Napoleon Hill laid out 80 years ago.

Hill, inspired and challenged by Andrew Carnegie, interviewed 500 of the wealthiest men of the early part of the 1900’s. This all took place over the course of 25 years and is a summation of all of the similarities in the lives of these wealthy men. These steps do not require any particular level of formal education or startup finances. These principles worked time and time again across the United States and have been working for people since the evolution of man. This book is great when read, or as it is as an audio book while driving, commuting to work on public transportation, walking, jogging or exercising. Think & Grow Rich is also an outstanding tool to inspire your staff and colleagues. The book is laid out as stories for ease in the absorption of the information contained in these practical examples.

A brief summary of the first six concept provided in this book are:

1. Desire: The Turning Point of All Achievement. Desire is the first principle that you will read about in the book. Desire is having the impulse from within to change a circumstance or trajectory in one’s life or in the life of someone cared about. Hill uses his desire for his son to have a great life and to hear, to put into place a belief system that forever changes not only his son’s life but Hill’s own.

2. Faith: Visualization of, and Belief in Attainment of Desire. Faith backs this desire to create a concrete way in which to create the wanted result. He builds within himself and his son a “knowing” that his life will be as exceptional as any person who has a normal sense of hearing. He also doesn’t pity his son because he is determined that this lack of the proper biological means to hear will be of benefit to his son.

3. Auto-suggestion: The Medium for Influencing the Subconscious Mind. Auto-suggestions is then used to create belief through self-talk and other means. Saying your goals and affirming statements out loud, along with spending a set amount of time each day focused on your success, will directly impact your mind and actions.

4. Specialized Knowledge: Personal Experiences or Observations. Specialized knowledge is the next step that Hill will outline in the process towards creation of whatever it is that you seek. This specialized knowledge may be gained in one of two ways. Through education or through the use of a mastermind group. (Mastermind is explained at a latter point) The education variety is gained through traditional schooling or by apprenticeship types of means.

5. Imagination: The Workshop of the Mind. Imagination is the fifth principle in this process which can be a challenge for many, particularly those who are very analytical and practical. Hill states we must use imagination to create specific plans on how to create wealth from our specialized knowledge. The ideas from our imagination are what cause us to actually create things. Knowledge alone is not enough, you must add imagination to your knowledge.

6. Organized Planning: The Crystallization of Desire into Action. Organized Planning is the 6th part of this process. This requires those who would otherwise wander haphazardly through life to create a real series of action plans broken down into definable tasks that are able to be completed over a period of time.

We’ll go through the remainder of the concepts in the next post. There are numerous editions out there. Some have been shortened or abridged, others have been expanded on for particular industries. I picked up the one below at my local library just to read the forward by Steve Harvey. Regardless of what edition you choose to read (or listen to), the concepts and ideas in Think & Grow Rich will benefit you in business, and in life! To make it even easier for you to engage with this classic and powerful book, here is a link to downloadable, free copy of Think and Grow Rich from Soil & Health Library:

Click here for the Think & Grow Rich PDF


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