What's this?

Who Watches Over The CEO?

Post a Comment  
 
   

 

Why peer groups are so important for business owners
March 24, 2010

 

 

 

 

Today on NYReport.com

 

One of my all-time favorite business books is Never Eat Alone by Keith Ferrazzi http://www.keithferrazzi.com/. If you haven't read it, run (don't walk) to get and read it. It is the single best book on networking and business relationships.

 

Keith's new book (and best seller) is called Who's Got Your Back and takes the Never Eat Alone principles a step further discussing how they apply to a few key relationships in your life; the people who will be there to help you achieve your goals. I am proud to have been quoted in Who's Got Your Back (p 242) discussing the value of the program run by the Entrepreneurs' Organization called "forum". The Forum program provides entrepreneurs with a group of peers to support and help them. It has been called therapy for therapy for business owners by the Wall Street Journal while other describe it like having your own board of directors.

  • Sign up to NY Report's email newsletter
  • Subscribe to NY Report magazine for FREE
  • NEW! - Subscribe to NY Report’s digital magazine

 

So why is forum one of EO's highest rated programs? Because it answers Ferrazzi's question of "Who's got your back?" Participants meet monthly discussing their challenges and sharing experiences. Everything discussed during the forum meetings is treat with the utmost of confidence. The primary rule is that no one may give advice as this would destroy the peer-to-peer nature of the group. Instead, after hearing the issue, participants ask insightful questions (as long as you are not giving advice in the form of a question) as well as well share relevant experiences that may help with the presenter's issue.

 

It takes training and practice to refrain from giving advice as people naturally like to tell others what to do. Without it, however, you avoid creating issues among participants. For instance, if a member tells another what to do, and it doesn't work out, then there can be "baggage" between those people. Further, when someone tells you what to do you, you destroy the peer-to-peer relationship. This simple rule has allowed some forum groups to thrive sometimes remaining together for well over a decade. More importantly, it provides 6 to 10 similar experiences allowing the presenter to decide which one or ones are relevant.

 

It is lonely as a business owner. Everyone looks to you for the answers. But where do those at the top of the pyramid look to for answers? Consider participating in a support group so that you have peers who can say "I got your back".

Related Articles

 
Author Information:

Matthew Weiss is an admitted business learning junkie. He reads only business books and magazines (well almost only) and attends dozens of business workshops, keynotes and panel discussions each year. In this blog, he provides quality, take-home value from "all of the above" and shares his personal thoughts and experiences. Weiss is a New York traffic lawyer and sole owner of Weiss & Associates, PC, a boutique law firm specializing in vehicle and traffic matters throughout New York State. He is also the Global Learning Chair for the Entrepreneurs' Organization. He can be reached at mjweiss@888redlight.com.

He can be reached at mjweiss@888redlight.com.

 
 

View all upcoming NY Report events


Subscribe for Free
Subscribe to our Newsletter