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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How to Avoid Decision Fatigue; Wait, Avoid What?

November 14, 2018 No Comments

Decision fatigue. It’s a phenomenon which probably affects you. Yet, you’re not truly aware of it. Put another way, you’ve likely felt its impact, but just didn’t know what to make of it. Or, more particularly, what to call it. That’s okay. It’s something many people experience a few times. Others are hit with it a lot — a whole lot. Usually, these are individuals in positions of authority. You know, the “decision makers.” Although we joke about it, the truth of the matter is, making decisions gets harder and harder as the day goes on. So, let’s look at some ways to avoid decision fatigue. Is Decision Fatigue Actually Real? The short answer to the question above is a resounding, “Yes!” Decision fatigue is real. In fact, two university researchers examined more than 1,000 decisions made by judges in Israel. Said judges either decided to grant or to deny parole. Prisoners who appeared in the morning, about 9 am, fared quite well. Those offenders had a 70 percent chance of making parole. Decision fatigue can seem harmless enough. Spending a few extra minutes deciding between chicken or beef isn’t the end of the world. But what you may not realize is that those little moments of turmoil could be negatively impacting your business. If left unchecked, decision fatigue can lead to reckless behavior like compulsive spending or, worse, the inability to make any decisions at all. —CNBC.com But, by the time mid-afternoon rolled around, those chances dropped down to just 10 percent. The conclusion, of course, was the judges simply used-up their stamina and therefore, took the simplest and safest way out. Ways to Avoid Decision Fatigue Now, if you’ve ever felt “used-up” at the end of the day, like your brain can’t process any more, decision fatigue is a likely culprit. Here are a few suggestions for how to avoid decision fatigue to better your work performance: Start tomorrow today. At the end of every day, start getting things in order for the next morning. Don’t make big decisions. Just get organized so you’re ready to go when you come back tomorrow. While this might seem too simple, it will have a big impact. Make important decisions early. When you start your day, don’t “ease” into it. Instead, challenge yourself by making the most important decisions when you’re most fresh and have new energy. You’ll see things more clearly and have a better sense of which way to go. Stop second-guessing yourself. In the military, some class instructors tell their students to bite the erasers off of their pencils right before starting a test. It’s not literal — it’s a figure of speech. It means your first intuition is typically the right one; so, don’t second-guess yourself. Snack and exercise every day. It’s a very good practice to have a solid but sensible breakfast in the morning. A light lunch is also a sound practice. But, you might feel a bit worn by mid-afternoon. The cure? Exercise and have a small snack to re-energize. What other ways do you combat decision fatigue? Please share your experiences by commenting! Interested in learning more about business? Then just visit Waters Business Consulting Group.

What to Do When You Lose Your Biggest Client

July 29, 2021 No Comments

Losing any client is a blow to any business owner. But, it’s particularly troubling when it’s the largest paying customer your company has a working relationship with (or had at one time). While it’s disturbing for any size client to stop doing business, it’s an absolute crisis when it’s the single largest one. Or is it? The answer really depends on how you handle the situation. So, read on to learn more about how to deal with losing your largest client. Seize the Opportunity Entrepreneurs are usually able to identify opportunity when it presents itself. But, in cases where there’s a tentative failure or bad fortune, it can be very difficult to see it and act upon the moment. Sure, it’s a setback and this makes it quite hard to get past the shock. However, the sooner you spring into action, the better. (Though don’t mistake this for making rash, uninformed decisions.) Whether you’re a Fortune 500 company or a small mom-and-pop business, losing a massive client is always shocking, uneasy and frustrating. Unfortunately, it’s something that almost every entrepreneur experiences at some point in time. —Forbes.com Instead, take a step back and give yourself time to form a generalized overview, one that’s not out of panic and fear. After all, it’s far better to take an honest assessment and determine precisely where you stand in order to determine exactly what actions are necessary in the short-term. This way, you’ll make informed decisions that are based on reality and not trepidation, anxiety, and alarm. 3 Ways to Deal with Losing Your Biggest Client Losing a big-time client is a real reason for concern. However, it’s also not an excuse to give up and close your doors for good. There are more than a few things you can do to prevent significant damage and/or start building new streams of revenue. Here are three of the most effective strategies you can use after losing your biggest client: Expand existing business relationships. The easiest way to make up for the difference is to leverage your existing business relationships. After all, current customers are the easiest ones to deal with and the most obvious place to double down. Since you have an existing relationship, you can offer more products and/or services to them and that will get you through in the short term. Take the opportunity to expand offerings. This is also a prime time for expanding what you offer to the public. This is a great opportunity to expand your business by focusing on your most popular selling items, whatever these are now and in the near future. Prevent the same situation from happening again. Of course, you probably don’t want to go through the same ugliness again at any time in the future. So, make sure to develop strategies that prevent this type of loss from happening again and you’ll gain a better sense of security. What other suggestions do you have that might be of help? Please share your thoughts and experiences by commenting so others can benefit from your perspective! Interested in learning more about business? Then just visit Waters Business Consulting Group.

What to Do When Your PPP Money Runs Out

May 7, 2020 No Comments

What do businesses do when their PPP or Payroll Protection Program funds run out? While small companies can apply and receive relief, that money is only finite. It will go just so far before it’s gone. And, once it’s gone, it’s gone for good. Even organizations with business interruption insurance benefits have limited resources. Eventually, the cash will run out. So, what do small businesses do then? PPP Loan Forgiveness Only Solves One Problem It’s important to remember that PPP loan forgiveness — while most certainly helpful — merely solves one problem. Meaning, there are still other debts and obligations to pay and to meet. That alone reveals the fact there’s a lot more to doing business than just compensating employees. Vendors, contractors, and others also need to be paid. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. —U.S. Small Business Administration This gets to the heart of the larger issue — the inescapable reality of the business world. Put another way, if someone paid off one of your personal debts and you had five, six, or ten more, while that’s a blessing and it’s appreciated, it does not get you totally out of debt. Businesses don’t operate that way because there’s always additional obligations. What to Do When Your PPP Money Runs Out Since businesses stay in a cycle of dynamics, with revolving credit and monthly bills, and they apply and receive PPP money, what can they do once those funds are gone? Here are a few suggestions that might prove helpful to your business: Offer invoice financing. Instead of requesting (or demanding) the entire invoice amount to be paid, give them the option to finance their outstanding balances. You can charge a small fee and/or interest rate — so long that it’s legal and ethical. Ask suppliers for extensions. For businesses that owe other businesses money, it’s worth a shot to ask for some more time or at least try to establish payment arrangements. This will help to take off a little pressure and to free up some cash. Review personnel staffing choices. Most businesses already have or will soon, be forced into this scenario — assessing which team members aren’t essential. It’s a tough spot but because employees most always represent the largest expense, this can’t be ignored. Consider liquidation or selling equipment. Another thing you can do is to sell off non-essential equipment, if available. Or, liquidate some inventory or materials. These are all difficult decisions but they could mean the difference between staying in business and going out of business permanently. Offer new services that are in demand now. Look at what services are in demand now that may be in line with your service offerings or a close extension thereof to provide immediate cash flow. Quickly shift to provide those services by promoting them to your current customer base and use social media to get the word out. Several industries and businesses have done this in recent weeks. What other suggestions do you have? Please share your thoughts and experiences by commenting! Interested in learning more about business? Then just visit Waters Business Consulting Group.