Being a business owner can be lonely business. 

If things aren’t going according to plan many business owners inadvertently take the stress from the office and let it permeate their home. As the leader, some problems are appropriate for  your employees, but often some problems need to be held close to the vest. You non-business owner friends live different lives with different stresses, and may not easily relate to how it feels to be up against the wall with payroll to make. 

CEO SupportSo the question is, how do you build a support system for yourself as a business owner?

There are lots of resources and programs that may be able to help. It is a matter of doing your homework to find the right solution or solutions for you. 

CEO groups abound. They have various levels of financial commitment and bring varying levels of support.  My suggestion is to explore them all and talk to others in the networks before choosing.  Here is a list of several I am familiar with and I have noted my experience and results.

  1. Vistage.

    Known as the world’s largest CEO group. I was a Vistage member for 7 years. I grew as a CEO exponentially during this time, and my confidence, as a business owner, has soared. Pricey AND well worth your consideration. 

  2. Entrepreneurs Organization (EO).

    I have only been introduced to EO, and have yet to participate personally. Those I have met who are involved rave about their results. Participation does require $1 Million in gross annual sales. 

  3. Local Chamber Roundtables.

    Your local Chamber of Commerce likely sponsors roundtables. Quality is hit or miss and depends on the group of individuals and how it is structured. Typically, the investment is small. I participated years ago and found that my group never got into the meat of topics enough to really gain value. 

  4. Professional Peer Groups.

    Many industry associations sponsor groups. Personally, I am  involved in a study group of CPA/PFS folks from around the country. Mostly we share about our specialty, financial planning and investment advice. A great resource to hone your specialty skills. 

  5. The Goering Center.

    Not every community has a center at at the local university to assist family and private businesses with growth and development. In Cincinnati, we are fortunate enough to have such a center at The University of Cincinnati. The Goering Center provides facilitated roundtables for family and private business stakeholders in the Greater Cincinnati region. I am new to this network, but I am already loving my connections and learning in this environment. 

 

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