This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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."
2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.40%
GOOG $711.11 1.40%
TSLA $214.84 1.60%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs