Learn from the best out there … and no one knows how to succeed in business than those who have done it before.
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In unprecedented times like these, entrepreneurs can gain strength from communities of small to large business owners, already established and full of knowledge.
These communities not only help to grow with the rich knowledge base of the members, but also serve as a concrete platform to share experiences. A strong, vibrant and established entrepreneurial community is the way forward and often becomes the inspiration and emotional support of a new entrepreneur.
Entrepreneurial communities aim to help new participants reach their full potential through the power of life-enhancing connections, shared experiences and collaborative learning. Even if you run a business that has come to fruition, the challenges facing an entrepreneur continue.
The bigger the company, the bigger the challenges. Plus, you can be very lonely at the top, and this is where these groups come in to provide a platform to connect, create ideas, and trust in an atmosphere of absolute trust and respect.
In addition, these communities present companies and entrepreneurs in numerous media through their community presence, which helps to create awareness and also serves as a boost to marketing efforts. Improved visibility is an essential element for brand growth, especially in the beginning.
Specialized communities also provide access to a whole group of individuals who may need the service offered or may introduce these new entrepreneurs to their contacts who do. Additional contacts, sales, and revenue are often an advantage of being an active member.
For a new business founder, these communities serve as a “university”. As an early stage entrepreneur, there are several new challenges every day. These groups aim to help entrepreneurs learn from members ’shared experience, gain access to mentoring from people who have experience with it, and gain spectacular connections to grow and expand the business.
Make these connections count
With the COVID-19 coup, the challenges have only skyrocketed. However, you always believe that “a crisis should never be wasted.” Take advantage of this as an opportunity to reinvent business strategy, learn new skills, and persevere with a positive attitude. Never give up.
The better you can communicate, align and empower the leadership team, the better the business will work. That’s not all: learning, adapting, and growing with changing times. Virtual mechanisms opened up a whole range of possibilities for entrepreneurs to connect, network, learn and grow.
Employers who used to be busy always traveling and juggling between meetings, suddenly found trips removed from the agenda and with a lot of time at their disposal. Thus, entrepreneurs could contact each other, connect through common interests, solve problems, and even expand the business to new regions.
Less travel is really good
People were able to connect, network, and use their time in a much more productive way. The virtual not only limited itself to connecting and networking, but also opened doors to events where experts from around the world shared their learning on a variety of topics. The events were adapted to address current issues.
Entrepreneur-led “responsibility groups” helped new players navigate challenges and identify opportunities. Mentors worked individually with early-stage entrepreneurs to achieve their goals.
One of the most important functions of a community of entrepreneurs is to pass on the knowledge gathered from experienced professionals to less experienced entrepreneurs. This is also a place where budding entrepreneurs can find a mentor … and become a mentor for someone else.
The key is to listen carefully, ask questions, read answers, make this a worthwhile opportunity for business. If knowledge is power, business communities are where to go to get it.
Entrepreneurial communities have many valuable resources that can be harnessed through networking, whether it be vendor presentations or financing and access to capital. Participating with an entrepreneurial community can provide excellent opportunities to partner with other like-minded people who can expand and advance in success.
Gomathy Ramaswamy and Usama Jacir
Gomathy Ramaswamy is President of the Forum of the Organization of Entrepreneurs – UAE. Usama Jacir holds the title of accelerating chair in the organization.