Picking the Right Entrepreneur Group
For example, Friess felt he needed a group with a strict confidentiality policy so he could honestly talk about his company's challenges when seeking advice. Shellye Archambeau, CEO of Metricstream, turned to the Forum for Women Entrepreneurs & Executives for the camaraderie and access to capital and resources that she could not get on her own.
"By coming together as a group, we are able to attract the best people to spend time with us," she says. "We spent time with David Thomson, author of Blueprint to a Billion: 7 Essentials to Achieve Exponential Growth (Wiley). We heard from House Speaker Nancy Pelosi on how government works."
Only after you've gotten your priorities in place should you seriously start to look.
Do you even qualify? Many of these groups have restrictions or requirements. For example, to join the Entrepreneurs' Organization, which once had Michael Dell as a member, you need to be under 50 years old when applying and your business must have revenue of at least $1 million. To get into FWE&E, you must be an experienced female business owner with an established business and be nominated by a member. To enjoy the perks of the Young Presidents' Organization, you have to apply before you're 45, employ at least 50 full-time workers and produce revenue of at least $6 million.Shop around: Don't be shy. Hit up a friend if he belongs to a group that you want to check out and be his guest. Attend the free event to learn more about what the group has to offer. Never commit unless you know the group's focus and the types of members it attracts. One of the biggest mistakes you can make when joining an entrepreneur group is not choosing one with the right people, says Jon Gillespie-Brown, author of So You Want to Be an Entrepreneur(Capstone). "If you join a group with 'quality' members, then they will help you develop and grow and add value to your life. However, if the people are lower-caliber, they could easily be a drag and a negative influence."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV