Running a business is no small feat, especially in a city as dynamic as Boston; you need all the support you can get. That's why you need to join a Boston entrepreneurs’ network. Entrepreneurs’ Organization (EO) Boston consists of 100+ business founders and builders who offer and seek the experiences, wisdom, and support we all need. Whether you are a successful entrepreneur or new in the game, this article contains all the information you need to know about joining EO Boston.
What Is an Entrepreneurs’ Network?
An entrepreneurs’ network is a group of like-minded individuals who come together to improve their businesses and provide resources for their members. Such networks are important owing to the crucial roles networking plays in your personal development as an individual and the overall growth of your business.
Networking opens you up to new clients and potential partners while allowing you to learn from colleagues and other business experts. As a leading entrepreneur network, EO Boston provides a platform for entrepreneurs to socialize, brainstorm, and share ideas through various virtual or physical events.
Various entrepreneur networks have their requirements and terms of agreement for new members. While some are open to all, others are restricted by geographical location, industry, and other relevant parameters.
Before you join a group, you need to confirm you meet their requirements and that their goals align with yours. For instance, EO Boston is open to successful and budding entrepreneurs and business advisors from any industry in or near Boston (including North Shore, Metrowest, South Shore, Southern NH, and Maine). If you want to join the EO Boston entrepreneurs’ network, you should have the following:
An Operational Business: To join any entrepreneur network, you should have a business in any industry. Also, you should have substantial influence in the company, either through ownership or stakeholdership.
Attained a Level of Maturity: You need not have been in business for centuries, but a good level of maturity is enough to get you into the walls of EO Boston. In terms of revenue, the business should have hit or is approaching the $1M revenue mark. Business owners with $250,000 in revenue can also apply for the EO Boston Accelerator Program, which nurtures and mentors entrepreneurs to greater heights.
A Well-Structured Organization: Entrepreneurship can take many forms, but structure is key. Depending on your business type, the organization should have a specified number of employees to become a member.
A Set of Core Values: Every business should be founded on a set of values that sets them apart and determines their activities to a large extent. Commitment to growth, personal development, and integrity can set you above others and ensure your growth.
As a bonus, trust, respect, and commitment to learning are character traits that EO Boston is big on as it fosters growth in the community. You must possess these values to join and thrive in the entrepreneurs’ network. By thoroughly examining the above-mentioned requirements, you can see if you qualify for an EO Boston membership.
There’s no better feeling than having a group of like-minded individuals who propel you to be better. By joining a Boston entrepreneurs’ network, you will enjoy the following:
Networking and Connections: The main idea behind an entrepreneur network is the opportunity to meet up with individuals who can be of great importance to the growth of your business. Even if you don't know how to network with entrepreneurs, being in a community of industry professionals will gradually make you feel at home. Soon, you'll be proud of the number of professional relationships you've built.
Access to Resources: Members of entrepreneur networks often enjoy unrestricted access to many resources. These resources include mentorship, research reports, business tools, funds, and more.
Collaboration and Partnership: Entrepreneur networks often foster partnership and collaboration between their members. This way, you can set up joint ventures that will lead to higher growth and greater exposure for all the parties involved.
Learning and Development: EO Boston entrepreneur networks often hold seminars, teachings, entrepreneur networking events, and various learning programs that will keep you ahead and well-informed at all times.
Support and Accountability: Within the network, you can form various accountability and support groups. These groups allow you to share your progress while accountability partners monitor your activities.
6. Emotional Support: Sometimes, our emotions can get the best of us and even prevent us from making rational decisions. However, with the support and encouragement that comes from your fellow entrepreneurs, you can face your challenges head-on. You’ll also learn from their past experiences and avoid any mistakes they may have made.
You do not need to walk through this journey alone; an entrepreneurship network is waiting to receive you with open arms. So what are you waiting for? See if you’re eligible to become a part of EO Boston today, starting with the EO Accelerator program.