7 Benefits of Joining A CEO Peer Group

Anyone who has read Napoleon Hill’s often cited business classic, Think and Grow Rich will be familiar with the business use of something called a Mastermind Group. Hill’s book recounts how many successful business people rely on a small, tight-knit group of advisors to help them build their businesses.

At Steiner Business Solutions, we’ve long been an advocate of assembling a group of peers to help you grow your business. As an entrepreneur or CEO, you often lack both the filter and the sounding board you need to see things bigger ways.

The right CEO Peer Group can provide these benefits:

#1. Accountability – Simply stating your goals and objectives to a group that intends to hold you accountable for your stated result can have the kind of pull that keeps you focused on meeting your goals

#2. Growth – Many CEO peer group members form strategic business relationships that bring additional revenue streams and growth opportunities

#3. Specific knowledge – A group comprised of people from different backgrounds and industries can help you fill gaps in your own knowledge and provide very specific help

#4. Resources – Your group members may very well end up loaning and providing the kinds of resources and introductions that can help you get to the next level in your business

#5. New perspectives – Sometimes having someone from outside your industry question your long-held beliefs, or suggest innovations from a new point of view, can prove very helpful

#6. Support – As a group forms a very close common bond, this can be a great place to go for support when you have a troubling business issue

#7. Energy – Simply having a team that understands your objectives and helps you celebrate your wins can be very energizing

There are any number of organizations formed specifically for the purpose of helping people join CEO peer groups such as ConveneVistage, and The Executive Round Table to name a few.

Whether you are running a small business or you’re the Founder/CEO of a company, it can often feel lonely at the top. But it doesn’t have to be that way. Steiner Business Solutions offers a CEO peer group to help Richmond, VA small business owners and entrepreneurs by providing them with support, guidance and advice.