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Suggest You - How Some Small Business Owners Are Staying Ahead of the Game: The Power of Peer Power
When someone mentions mold it brings to mind visions of green bread or cheese that has been left in the refrigerator too long - things you just throw into the trash without much thought. However, molds are an essential part of our environment. They break down trees, leaves and other types of organic matter; and mold is responsible for some of the foods and medicines that we have today. But i
“We’re a small company. I don’t have partners or an outside board of directors. This is my opportunity, once a month, to sit down and share ideas with other people who have similar business concerns. It helps me p
Organizations have to be especially savvy in making wise financial decisions. Budgets are typically contracting rather than expanding, and donor dollars are harder to come by these days. Special events can be especially tricky as you need to deliver high impact on a very limited budget. Anything that offers multi-purpose utility is far preferable than single-use materials and equipment.Today, they happen to be talking about cutting expenses. Next month, the subject may be marketing strategies, compensation, or succession plans. What brings them together is a common desire to grow their small businesses.
This is a peer group for small business owners. It functions like an advisory board for entrepreneurs and business owners, allowing leaders to meet monthly to share challenges, solve problems, and identify opportunities. It is more important than ever when business is tough.
It’s always lonely at the top. Small business owners have no board to consult with or share decision-making. That makes it hard even in good times. But when the economy is soft, peer power is something one can’t afford NOT to afford.
The downfall of many small business owners is that they get so caught up in day-to-day activities, they forget their first role—as visionary. A peer group advisory board forces its members to step back and take the long view.
Take member Bruce Behrstock for example. The president of Ace Hose and Rubber Company has been an advisory board member for six years.
“We’re a small company. I don’t have partners or an outside board of directors. This is my opportunity, once a month, to sit down and share ideas with other people who have similar business concerns. It helps me pl
Imagine for a moment that it is your first day in a new sales organization and your sales manager tells you to forget about Quota – block it out of your mind. You may think they’re out of their mind. How can anyone possibly lead a sales organization or manage their individual sales effectively without focusing on Quota?After all, in the world of outside sales, you either meet your Q
It’s always lonely at the top. Small business owners have no board to consult with or share decision-making. That makes it hard even in good times. But when the economy is soft, peer power is something one can’t afford NOT to afford.
The downfall of many small business owners is that they get so caught up in day-to-day activities, they forget their first role—as visionary. A peer group advisory board forces its members to step back and take the long view.
Take member Bruce Behrstock for example. The president of Ace Hose and Rubber Company has been an advisory board member for six years.
“We’re a small company. I don’t have partners or an outside board of directors. This is my opportunity, once a month, to sit down and share ideas with other people who have similar business concerns. It helps me p
Selling reports, manuals and business courses can be fun a fruitful. A close friend of mine is at it rall the time. His head and shoulders in business is always above others doing the same sort of thing.Studying ways of selling more of the same thing is always interesting. So many 'experts' have their own solid views on how to win over a new customer. Some have belief so strong th
The downfall of many small business owners is that they get so caught up in day-to-day activities, they forget their first role—as visionary. A peer group advisory board forces its members to step back and take the long view.
Take member Bruce Behrstock for example. The president of Ace Hose and Rubber Company has been an advisory board member for six years.
“We’re a small company. I don’t have partners or an outside board of directors. This is my opportunity, once a month, to sit down and share ideas with other people who have similar business concerns. It helps me p
The Franchising Industry has taken some hits in the last couple of decades. Some came from onerous regulation and piss poor performance of agencies like the Federal Trade Commission’s Consumer Protection Division’s Franchise Group where some believe Steve Toporoff had done so much damage to the industry that he should resign in disgrace and lose his pension. Yet others applauded this gentlem
Take member Bruce Behrstock for example. The president of Ace Hose and Rubber Company has been an advisory board member for six years.
“We’re a small company. I don’t have partners or an outside board of directors. This is my opportunity, once a month, to sit down and share ideas with other people who have similar business concerns. It helps me p
I admit it.I'm a recovering workaholic/perfectionist, not to mention having delusions of superhero syndrome.I know I'll never be cured. But I can at least work on controlling it.I also know I'm not alone. Plenty of entrepreneurs and small business owners suffer from this same condition. (In fact, it's so prevalent I'm thinking about starting a recovery group for this.)as been an advisory board member for six years.
“We’re a small company. I don’t have partners or an outside board of directors. This is my opportunity, once a month, to sit down and share ideas with other people who have similar business concerns. It helps me plan how I’m going to grow my business.”
Fellow member Larry Kaufman agrees. The president of Kaufman, Ryal and Stral, a public relations and website design firm says, “What I value about my board,” he says, “is that it forces me to organize the way I think about my business. My fellow members push me to act on the things I commit to do.”
Their success lies in what is called “the power of peer power.” In tight times, your primary goal is simple survival. And to survive, you sometimes have to do unpleasant things. Groups force you to follow through—it’s good ol’ peer pressure. It may be the only place your peers congratulate you for laying off people. That’s because such negative action may be necessary to your survival.
However, a flagging economy is no excuse for poor performance. There’s a perception that because the external market is soft, individual businesses must all be soft as well. It doesn’t have to be.
Says Peter Flanzer, president of Cedar Hills Associates, an investment advisory firm, “The economy doesn’t affect
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