Business Education

Strategic Secrets to Build a Networking Group That Unlocks Real Opportunities (Not Just Referrals)

When someone starts their first business, they do what every entrepreneur is told to do—join a networking group. They meet, shake hands, swap business cards, and trade referrals with people who barely remember their name the following week. After months of forced small talk and zero real opportunities, most entrepreneurs are ready to quit.

But what if that entrepreneur met a mentor who invited them to a small, curated group of professionals who approached networking differently? No scripted pitches, no transactional exchanges—just meaningful conversations and a shared goal of lifting each other up.

This wouldn’t just be a networking group. It would be a community built on trust, collaboration, and real growth. And the good news? You can create one too. Here’s how.

How to Form a Local Networking Group That Goes Beyond Referrals

Building a local networking group can be a powerful way to foster professional growth, collaboration, and community impact. While many groups focus solely on generating referrals, a truly effective network can offer much more—think skill-sharing, mentorship, and collective problem-solving. Here’s how to create a local networking group that delivers lasting value beyond business leads.

Define a Broader Purpose

Start by crafting a mission that transcends referrals. Ask yourself: What unique value can this group bring to its members and the community? Perhaps it’s supporting career transitions, promoting innovation, or addressing local challenges like sustainability or education.

For example, a group of small business owners might focus on sharing operational strategies, not just client recommendations. A clear, inspiring purpose attracts like-minded individuals and sets the tone for deeper engagement.

Keep it specific but flexible. “Empowering professionals to grow through collaboration and skill-building” beats a vague “networking for success.” Write this mission down—it’s your group’s North Star.

Identify Your Core Members

Recruit a small, diverse founding team who share your vision. Look for people with complementary skills—say, a marketer, a tech expert, and a local chamber member. Diversity in backgrounds and industries sparks richer discussions and ideas. Reach out through personal invites, local events, or platforms like Meetup or LinkedIn.
Aim for 5-10 committed starters; too many early voices can dilute focus. Screen for enthusiasm and willingness to contribute, not just attend. These pioneers will help shape the group’s culture and activities.

Design Meaningful Activities

Ditch the “elevator pitch only” format. Plan events that encourage real connection and value exchange. Also, host workshops where members teach skills—like a graphic designer leading a branding session or an accountant explaining tax hacks.
Organize roundtables to tackle industry trends or local issues. You can choose such things as adapting to economic shifts or supporting a charity. Even casual meetups can include a “challenge swap,” where members pitch problems and brainstorm solutions together.
Rotate formats to keep it fresh. The goal? Every gathering leaves members with new insights, not just business cards.

Set a Simple Structure

Keep logistics light but intentional. Choose a regular cadence—monthly or bi-monthly works well—and a consistent location, like a local café, library, or co-working space. Also, do the following:

Assign basic roles. a coordinator to schedule, a communicator for updates, and a facilitator to guide meetings. Avoid over-formalizing; no one joins a networking group for bureaucracy.
Membership can be open or curated. Open groups grow faster but may lack cohesion; curated ones ensure alignment but require more effort. Decide based on your mission and capacity.

Leverage Technology Wisely

Use tools to amplify, not replace, in-person connection. A group chat on Slack or WhatsApp keeps conversations alive between meetups. Share resources—articles, templates, event invites—in a Google Drive or newsletter. A private Facebook or LinkedIn group can house discussions and profiles, making it easy to match skills or needs. Just don’t let digital tools overshadow face-to-face interaction; the real magic happens in person.

Build a Culture of Contribution

Encourage a give-first mindset. At each meeting, ask members to share one resource, idea, or contact—no strings attached. Celebrate wins beyond referrals, like a member landing a new skill or a collaborative project taking off. Recognize contributors publicly (a shoutout or “member spotlight”) to reinforce this ethos. Over time, this builds trust and a sense of ownership, turning attendees into active participants.

Impact the Community

Extend your group’s reach beyond its walls. Partner with a local nonprofit for a volunteer day or host a public panel on a hot topic. For instance, a group of creatives might offer free workshops for students, boosting both visibility and goodwill. These efforts deepen bonds among members and position your group as a local force for good—far more memorable than swapping leads.

Measure Success Differently

Track metrics that reflect your mission, not just referral counts. Are members collaborating on projects? Learning new skills? Solving real problems? Survey them periodically: “What’s the most valuable thing you’ve gained?” Adjust based on feedback—maybe they crave more structure or fewer sales pitches. Success isn’t size; it’s impact.

Start Small, Then Scale

Launch with a single event—say, a coffee meetup with a discussion prompt like “What’s your biggest professional hurdle?” Gauge interest and refine from there. As momentum builds, add members gradually to preserve quality. Once stable, consider sub-groups by industry or goals, but only if demand emerges naturally.

Things to Remember

A networking group that does more than provide referrals requires intention, not complexity. Focus on connection, contribution, and community, and you’ll create a hub where members grow together—not just transact. Start with a clear why, rally the right people, and let the group evolve. The result? A network that’s less about “who you know” and more about “what you build.”

Want to Accomplish More?

Do you want your company to grow faster and earn more while you spend more time with your family doing all the things you started your business to do?

We can make that dream a reality. Give us 30 minutes and we will show you how to get your life back. Skeptical? Good! Put us to the test.

You can call us for your free appointment at 480-636-1720, or, if you prefer, Waters Business Consulting Group to learn more about us and the services we offer.

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Feeling Overwhelmed by Your Small Business? Why Not Ask a Friend for a Favor. Here’s How.

May 19, 2023 No Comments

As a small business owner, you’re used to being busy. You’re always juggling multiple tasks, and it can be hard to keep up. Sometimes, you may feel so overwhelmed that you don’t know where to start. If you’re feeling this way, don’t be afraid to ask your friends for help. How Small Business Owners Can Ask Their Friends for Help Your friends are there for you and want to see you succeed. They may be able to help you with a variety of tasks, from doing routine things, like answering emails to running errands. So, here are three effective tips on how to ask your friends for favors: Be specific. When you ask your friends for help, be as specific as possible about what you need. This will help them understand what you’re asking and make it easier for them to say yes. For example, instead of asking your friend “Can you help me out?”, try asking “Can you please pick up some supplies for me at the store?” Be grateful. When your friends do help you out, be sure to thank them profusely. A simple “Thank you so much for your help!” can go a long way. It’s also a good idea to offer to return the favor in some way. Don’t take advantage. It’s important to remember that your friends are doing you a favor, so don’t take advantage of their kindness. If you find yourself asking them for too much help, it’s time to start looking for other ways to get the job done and bring on more or more new employees. Asking your friends for help can be a great way to relieve some of the stress of running a small business. By following these tips, you can make sure that your requests are well-received and that your friends are happy to help. More Tips Entrepreneurs Can Use to Ask for Help A good percentage of entrepreneurs would much rather rely on themselves than anyone else. So, this makes asking for help difficult. But, if the above advice doesn’t appeal to you, there are also some additional tips for asking friends for favors: Choose the right friend for the job. Not all of your friends are created equal. Some friends are better at certain tasks than others. For example, if you need help with a marketing project, you might ask a friend who has experience in marketing. Be flexible. If your friend can’t help you with the exact task you’re asking for, see if they can help you with something else. For instance, if you need help with a marketing project, but your friend is busy, they might be able to help you with some administrative tasks. Be patient. It may take your friend some time to get back to you. They may have other commitments, or they may simply need some time to think about your request. Be appreciative. Again, when your friend does help you out, be sure to thank them. A simple and sincere “Thank you!” can go a very long way. By following these tips, you can make sure that asking your friends for favors is a positive experience for everyone involved. By the way, do you have anything to add to these suggestions? If you have your own thoughts and experiences, please feel free to leave a comment so others can benefit from your input! Interested in learning more about business? Then just visit Waters Business Consulting Group to learn more about us and the services we offer.

Groupon Teaches Us These Lessons About Discounts

December 1, 2017 No Comments

Groupon is up in its latest earnings report. About 18 percent and that’s welcome news for the e-commerce discount platform. Headquartered in Chicago, Groupon launched in November 2008. It rose by leaps-and-bounds. That is, until recent years, when it experienced big time losses. In fact, its 2011 Q4 figures revealed a whopping $9.8 million loss. Ironically, that comes about a year after the Wall Street Journal forecasted it to reach $1 billion in sales faster than any other company in history. Today, it’s a different story. And, this business model teaches us all important business lessons about discounts. The Downside of Discounts Big companies aren’t immune to blunders. Right now, McDonald’s is trying a bold new experiment. There’s no guarantee it will work. But, the company won’t know unless it tries. Groupon’s saga tells us much about discounts. For participating businesses, Groupon vouchers do get more customers through the door. But the question to ask is if those same individuals would have patronized the business without a Groupon? Your marketing message plays a huge role in conveying the true value of your products. Even if your prices aren’t the lowest around, emphasizing the added value that customers get from your store, such as any guarantees you offer, personalized service or better-quality merchandise than the competition, can convince shoppers your prices are worth it. —Small Business Trends Additionally, there’s another phenomenon at play. A large majority who use a Groupon do not repatronize a partner business. After all, why pay full fare? Moreover, it does cause customers to seriously think about the value of non-discounted purchases. That starts a cycle. A business partners with Groupon. That business serves more customers during the discount period. Then, visits go back to the previous levels. If it comes at a net cost per ticket, there’s obviously no benefit. So, they do not participate in Groupon discounts again. Product and Service Discount Advantages But, this isn’t always the scenario. Some businesses gain a net plus from working with Groupon. Which means there are some distinct advantages to offering discounts on products and services. Here are the benefits to offering discounts to your customers: Attract more customers. It’s no secret people like deals. So, play to this by offering discounts on key items or services. You’ll attract new customers and this will increase repeat business at the same time. It’s a great way to advertise and to be seen as providing real value. Increase sales. With more new customers and repeat business, you’ll have more sales. If you choose the right discount strategy, you’ll come out ahead and that’s money you can use in different ways. For instance, you can purchase more inventory or put that extra sales money to other uses. Free up space. Discounts can help to free up precious shelf and/or cabinet space. This is a great move for small, independent retailers because it allows them to offload certain things to bring in new products. Bolster reputation. Offer discounts to certain people, like military and first-responders. This shows your business cares and that’s a positive for its reputation. You can do the same with elderly customers or families with small children. Do you offer discounts? If so, what kind and how much? Have you found discounts help or hurt your business? Please share your thoughts and experiences by commenting! Interested in learning more about business? Then just visit Waters Business Consulting Group.

7 Challenges Every Bootstrap Entrepreneur Faces

May 16, 2017 No Comments

The entrepreneurial experience is one of duality, a paradox, that’s both exciting, full of hope, and, anxious, stymied by fear. Two very different states of mind and emotion, however, in the majority of instances, one set is preceded by the other. It comes with that spark of the proverbial, “ah ha!” moment–excitement and genuine, heartfelt belief that whatever it is, it will work. Often, this elation is short lived and it’s little wonder why. We grow-up with expectations and more than enough are not fulfilled. So, we learn skepticism, caution, and to examine our actions before blindly leaping. This is precisely why extreme success stories remain so unfathomable–often accompanied by the phraseology, “against all odds.” These sets of circumstances cause us to look at those odds and be honest about the entrepreneurial journey, which more often than not, requires a lot of work, much dedication, and, the ability to see and believe what others don’t. 7 Challenges Every Bootstrap Entrepreneur Faces When you start your own business, it might be a side gig, something that only takes a few hours out of your week and is intended to grow incrementally. It could also be the resort of finding yourself suddenly unemployed and the opportunity to take control of your own future provides all the drive necessary to start and never look back. Others partner together and use old fashioned sweat equity to get their businesses off the ground. Whatever the case might be, there will be obstacles. Regardless of size, most businesses face many of the same challenges every day. Maximizing profits, minimizing expenses and finding talented staff to keep things moving seem to be top challenges for both SMBs and large corporations. —Entrepreneur.com It might come as a surprise, but new companies fail for two primary reasons: too little business, and, too much business. In the former instance, there’s obviously a lack of revenue; but, the latter seems counterintuitive, perplexing, though perfectly explainable–overwhelming demand. These dynamics are usually out of the company’s control but there are others, and, just one of these can be enough to cause failure: Stability. While you might have a marketable and sellable idea, possess the talent to sell it, and have enough resources to get it out there, you don’t control the economy. Being employed provides a sense of security, though arguably, it’s a false one. There is no guarantee your vision will come to fruition in the way you now imagine it, or, at all. Income. It’s a fact that many entrepreneurs don’t take any salary for the first several months, even for a year or more, because the money’s better spent rolled back into the business. Having to forego a steady income, even temporarily, can be too much to bear for some, it’s looking to the future and taking stock of gains that provides the remedy. Sustainability. The marketplace changes and some businesses become near or completely obsolete. In the wake, new opportunities emerge, but that doesn’t undo the damage suffered by those caught on the wrong side. Pivoting when times begin to change is a necessity to embrace. Comfort. One thing that seems strange is what’s obvious by its absence–being the boss. Sure, it will be you who’ll be in charge, which means you will be making the tough decisions, you will be the one responsible for company mistakes, and you who must put your foot down. Schedule. Your work and personal lives will intersect many times during your startup period and here again, it’s because you’re the boss. While you’ll have set boundaries, you’ll have to do so smartly and be flexible. Sleep. Lying awake, brainstorming, putting in a lot of extra hours to get something done, having to meet this deadline or be present for a meeting, all of these are common. Try to find a schedule that largely works and take advantage of downtime. Seventh on the list is confidence, and, it’s among the most powerful of influencers. Your confidence will be challenged many times, but this just comes with the territory. You will have doubts, falter, and make miscalculations, but these are only as hurtful as you allow. Finally, if you have a viable business model with a demand for a product or service, then much of your success falls on you ability to persevere. Many businesses fail or fall “three feet from gold” because the entrepreneur quit. In the toughest of times, I encourage my clients, as I did for myself, to take Action every day on something that will help to grow your business. Sitting, worrying or praying does no benefit without Action. And, Action helps to resolve anxieties and fear. So, go out and pursue our dream today, and take Action every day to building your business! [shareaholic app=”follow_buttons” id=”26833294″]