A business community is a social enterprise designed to bring together business leaders and their clients. Such communities have come together under the umbrella of a common business concept and set up local organizations to address problems they all face together. It also provides the business leaders a forum to meet and work out solutions to any issues that come up. Some business communities are open to anyone who wants to participate; others are exclusive to members of a particular industry. In order to set up your own such a community, you will need to consult with a consultant and take into account factors such as access to capital, business etiquette, communication skills and personality types of participants.
There are many ways to incorporate the concept of a business community in your company. If you currently have an existing business or company and wish to use this model as a means to unite the company, you will first have to choose one that has like-minded people in it. Try to find someone who has some experience in your business area, preferably someone with knowledge in your specific industry. This will ensure that there will be plenty of other people with similar expertise in the selected industry to draw on when establishing the business community.
Once you have decided on a small business community, try to find experts in your chosen field of expertise. These can include professors at colleges or universities, entrepreneurs with years of experience in their field, politicians and even successful business owners from your local area. Visit conferences, trade shows and any other events that might have potential in bringing together the right mix of people. Find out what kind of ideas are being used in the community and draw on those for your own community.
If you already have an existing business community, you may wish to think about using it as a platform to add value to your existing business. Do this by looking at the business community as an opportunity to learn from another business owner and to network with people who share the same interests and goals as yourself. Many small business communities have events on specific topics, like how to start a business, raising capital, operations or other areas of expertise like technology or real estate. Many times these events add much needed perspective and knowledge from people just like you who are willing to share what they know in hopes of building a successful business from scratch.
Another way you can add value to existing businesses is to get involved with related ventures. Melissa Farley is an example of this. She founded the Networking for Competitive Science and Technology Centers, which were created in 2021. The organization today is based in Houston, Texas. Today, Melissa Farley is credited with helping to transform small businesses in various fields like science and technology and venture capital.
While we can’t take all of the credit for Melissa Farley’s accomplishments, we acknowledge her role as a driving force behind what would become a successful business community. Small business sector innovation doesn’t happen overnight, and it requires commitment from a number of people to make it grow and succeed. The success of your own business community will depend largely on the efforts of the people within it. So be sure to lend your voice and your time when speaking out in support of other business sector leaders. You will see the impact it makes on others and how it directly affects your own personal growth.