The Power of Peer Groups and Startups

Le centre de Peer
Image via Wikipedia

Peer groups are one of the many aspects of entrepreneurship and the startup world that took me years to appreciate. When I say peer groups I don’t mean networking groups. Rather, peer groups are small sets of people that often meet once a month, if not more, in an environment of trust and confidentiality. Peer-to-peer experience sharing and learning is incredibly powerful for entrepreneurs in all types of businesses.

Here are some benefits of peer groups for entrepreneurs:

  • Most issues have already been tackled by someone else, so the same mistakes don’t need to be repeated
  • No more being lonely at the top as there are many people out there in similar positions
  • The emotional roller coaster of entrepreneurship has high highs and low lows that are best when shared with others
  • Life’s a journey and these peer groups provide a special setting to develop deep relationships

The most common and popular non-profit for these peer groups is the Entrepreneurs’ Organization (EO) for companies greater than $1 million in revenue and EO Accelerator for companies between $250k and $1 million in revenue. I highly recommend these organizations as well as peer groups in general.

What else? What are some other benefits of peer groups?

3 thoughts on “The Power of Peer Groups and Startups

  1. David

    Great insight and I have been a member of a CEO Peer Group which inspired me to leave my corporate job and become active in the field of peer learning.

    My book Critical Mass: The 10 Explosive Powers of CEO Peer Groups is written to help explain why so many entrepreneurs and CEOs belong to a peer group. Here is a link to my book:

    The book has 5 stars with 30 reviews from entrepreneurs who understand the value of peer learning.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.