5 Ways to Join a Community of Entrepreneurs to Boost Your Life and Business

If you want to be successful and happy in business, one thing is certain: you need allies. You need people who are by your side, who contribute to your vision, and vice versa. Find the wrong allies and still feel alone and misunderstood. Find the right allies and go far together. Joining a community of fellow entrepreneurs could make the difference between these scenarios.

Dan Andrews knows the power of entrepreneurial communities. As the host of the Tropical MBA podcast, he’s been talking about location-independent entrepreneurship for over a decade. He is the founder of Dynamite Circle, one of the oldest freelance founding communities, and the co-founder of Dynamite Jobs, one of the largest remote recruitment platforms on the web. Dynamite Circle, known as DC to its members, is a network of more than 1,000 independent entrepreneurs, running businesses ranging from software to publishing and product to agencies.

I interviewed Andrews to find out five reasons why joining an entrepreneur community can boost your life and your business.

find your tribe

“Entrepreneurship is so hard,” Andrews explained. “You’re swimming upstream anyway; you don’t want to make it harder by seeking validation from the wrong people. » Have you ever felt alone in a crowd or forced to censor yourself? These are signs that you haven’t found your tribe yet. “If you hang around people who don’t really understand you or what you do, you’ll get a lot of unproductive comments that can hold you back,” Andrews added.

“It’s fun to be around people who take on the same challenges and risks as you do,” Andrews said. “There is a sense of togetherness that comes from mutual sacrifice.” Let’s be honest, if you’re running a growing business, you’re probably making sacrifices when it comes to leisure, sleep, or comfort. Don’t add friendship and deep connection to that list.

“You don’t have to be shy about your interests and your plans,” Andrews said of hanging out with other entrepreneurs. In entrepreneur networks, members genuinely care about each other and want to help each other out, and “it’s nice to be in an environment where you can get upset and let the full version of yourself show through.” “.

dream bigger

“Entrepreneur communities are a way to connect with people who are far more successful than you, but who are also able to relate to them,” Andrews explained. “They’re not a product or on Instagram or a billboard, they’re just human, like you.” He explained how it “helps you see how you can emulate their success.”

Not only can you learn from other members and emulate their success, but you’ll find them actively helping and encouraging you in your mission, which Andrews says is because “you’re all on such a rare path, that they too feel relatively isolated. by, so they encourage you to join. When selecting a community, Andrews advised not to listen to promises made by the website or vendor, and instead “join based on the people you meet there.” When you are surrounded by people who inspire you, you start to think bigger. When you meet people who not only make you dream bigger, but also help you believe that you are capable of achieving those dreams, you will grow as a person and your business will follow.

Andrews knows there is a flip side to this, in that “communities have the potential to help you think smaller.” In some communities, each member is so caught up in each member’s life that they may miss the bigger picture. While there can be downsides to too much groupthink, it can also have tremendous power.

Think long term

You’re probably tracking the ROI of your ads, but doing this for a community can encourage short-term thinking. “The expectation of immediate transactional gain is a negative behavior that we are trying to eliminate [in the Dynamite Circle]. You cannot treat people as a means or use them as a tool. Andrews adds that “by following the rules, you demonstrate that you are a highly competent member of the group.” Being part of an entrepreneurial community is a long-term game with long-term benefits, which those looking for instant gratification might miss.

“There is an inherent responsibility in being part of a community,” he said. “A lot of people go into business because they want to be free from it all, but communities rely on karmic returns and good faith.” To get the most out of your membership, you should donate, and keep donating, without counting points. It may be a challenge, but necessary.

Being challenged doesn’t stop at finding ways to give to members; it’s also being challenged by the members and facing your own demons. “Entrepreneur communities are a great place to find new sources of truth about yourself if you’re willing to hear them,” Andrews said. “Members of your community will have witnessed your behavior over time and will likely have strong views about it. That’s incredible growth potential. Although you may find yourself comparing and comparing, it is a force for good. “Over time, you’ll probably figure out exactly what’s holding you back.”

Acquire timely information

Andrews once spoke in front of a few hundred very successful entrepreneurs. “I asked members of the public to ‘raise your hands if you are sharing your success story on Twitter right now.’ No hands went up.

Information has a diffusion problem. By the time something is published, it is often old news. Andrews differentiates between timeless information and timely information, where “timely information pays off. For example, if you had heard of and started on Amazon FBA or Bitcoin when they first appeared, you would be in a very different position than someone who only started both this year. The same thing happened with the remote work trend, which, according to Andrews, “really happened in 2008, but not everyone properly discussed it until 2020.” He added, “If you’re in a community, you’ll access this learning sooner than in books or blogs.”

Founders with incredibly profitable information and advice often have no incentive to share it unless they are part of a community. Andrews set up the DC to make sure this instant learning happens. “We hold semi-annual conferences where members share their lessons very soon after the experience. They also share on the forum, with incredible detail. Another advantage of a contractor network is that it becomes an effective filter against noise. “The focus is on real successes, rather than PR-oriented information like in a magazine.”

make more money

Although Andrews said that “in the community space, making more money isn’t always a popular topic of discussion, it’s the most popular outcome when you join a community.” Joining the right community can mean you’ll be stumbling to make more money. “A community environment can increase your deal flow,” Andrews added. “It puts you in this pressure cooker of doing business. Developing good relationships and building trust with members leads to referrals and introductions. Opportunities flow between members in a very powerful way in a community. »

Members of a community can, over time, become your investors and customers as well as your friends. Andrews saw this happen often, adding “there are several 8-figure businesses in Dynamite Circle where the first customers were other members.”

Often the answer is who, not how. Who you meet, who you click with, who introduces you to new ideas and people, and champions what you do. “Dissecting success stories often reveals a small community of people behind the initial pull,” Andrews added. “If you don’t expose yourself to this dimension, you’re probably missing a lot of opportunities.” Those powerful market forces that are going on behind the scenes that allow you to make more money start with the people you know.

Join a network of entrepreneurs to find your tribe, dream bigger, think long term, learn from others and earn more money. Five factors that make the difference between entrepreneurs who go the distance and those who give up and have to find a job. Professional colleagues riding a wave or doing interesting and important things will make you perfect partners to climb your own mountains.

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