Skip to content
Schedule your FREE consultation Let's Begin

Why Building a Supportive Entrepreneurship Community is the True Key to Success

Why Building a Supportive Entrepreneurship Community is the True Key to Success

I know you’ve heard countless sayings about the community of people you have around you like, “Tell me what company you keep and I will tell you who you are,” or “If you’re the smartest person in the room, then you’re in the wrong room.” But, like me, you’ve probably also heard a lot of people (or even you) share how they don’t have a lot of “friends” or don’t feel like they have “community.”

Something I’ve noticed about people who are successful is that they cultivate intentional relationships. According to an excerpt by Michael Simmons in Forbes article, 8 Traits That Are Scientifically Proven To Predict Future Success, “According to multiple, peer-reviewed studies, simply being in an open network instead of a closed one is the best predictor of career success. In the chart, the further to the right you go toward a closed network, the more you repeatedly hear the same ideas, which reaffirm what you already believe. The further left you go toward an open network, the more you’re exposed to new ideas. People to the left are significantly more successful than those to the right.”

In other words, building a community that can support you and introduce you to new thoughts and ideas can have a huge impact on your success. For me personally, I’ve realized that in different seasons, I’m drawn to groups through common interests (i.e. motherhood, entrepreneurship, college, faith, etc.), but each one of those groups provide for safe space for learning, being heard, and support with challenges.

Here are 5 things the right support system will do:

1. Support with emotional stability.

“Entrepreneurs are twice as likely to report a lifetime history of depression, three times more likely to have bipolar disorder and three times more likely to experience substance abuse and addiction.” (Michael A. Freeman, Paige J. Staudenmaier, Mackenzie R. Zisser & Lisa Abdilova Andresen), but community provides many elements that are critical to mental health, most importantly belonging, support, and purpose (Gilbert).”

My community has positively impacted me in some of my darkest moments, especially as I’ve transitioned into full-time entrepreneurship. There were so many times that I just needed to vent, have a cheerleader, or be told not to give up and my community really helped to keep me focused on the finish line.

2. Leverage their network on your behalf

Have you ever heard the saying that “your network is your net worth?” Even with access to social media, we can’t be everywhere at once. A strong community acts as an extension of network, putting you in rooms with potential clients, collaborators, and mentors you would have never met otherwise. A good community can introduce you to more opportunities, giving you a competitive edge, with a whole lot less effort. For example, when I was looking for a graphic designer for my business, a friend in my community referred me to an amazing designer who turned out to be a perfect fit. This connection saved me time and ensured I was working with someone trustworthy and talented.

3. Barter their skills and resources

Another benefit of a dope community is access to more talents and resources, which means you can exchange skills and ideas that make you money. I’ve been meeting with a group of amazing business owners every week for almost a year and we have been their to offer skills, a listening ear, moral support, and mostly importantly, we’ve encouraged each other to keep going. Entrepreneurship is no easy task and you need often-times need tangible resources to become successful.

Creating win-win scenarios within your own community creates and ecosystem where everyone can thrive.

4. Offer tools and resources they’ve already leveraged

A strong community shares the tools, resources, and strategies they’ve successfully used. This can include anything from recommending a new tool, sharing business strategies, or providing tools they’ve found success in. These shared resources can save you countless hours of research in the process of trial-and-error. They can pull up their tools and show you exactly how it’s working for them and allow you to ask questions and get real-time feedback. Additionally, they can share tools that didn’t work for them. I personally hate trying new things because of the time and energy that goes into learning them, when my time is already so limited.

This may not seem like much but the time saved can be a game-changer, accelerating your progress and keeping you informed about new tools and new ways to leverage your business.

5. leaves space for grace

Lastly, a supportive community understands that everyone makes mistakes and faces setbacks. They provide a safe space where you can be honest about your challenges and failures without fear of judgment. This is something the world doesn’t often do. (Especially on social media).

There’s this expectation for perfection that isn’t kind to us high achievers. Safe spaces encourage growth and learning because you’re not afraid to take risks or admit when things aren’t going well. With truth and safety, you can often find better solutions a whole lot faster. My community has helped me bounce back from failures and make adjustments to get better.

It’s this kind of grace and understanding that often give us the courage to keep going, even when things get tough.

In conclusion, the right community can be a powerful asset in your journey toward success. By offering emotional support, leveraging networks, bartering skills, sharing resources, and providing a safe space for growth, a strong support system can significantly enhance your personal and professional life. And although I don’t think it needs to be said, but community takes time to build. Don’t be discouraged and take your time to find the right tribe to grow and build with. Make sure your community feels right to you and not only gives you the space to received and grow but to give back as well.

Takia Lamb founded TK Consulting & Design in 2016 and currently resides in southwest Atlanta, GA with her husband and four boys. She received her B.A. in Psychology from Spelman College and her Masters in Social Work from GA State University. She has spent most of her professional career in nonprofit management.

Her passions include strategy, storytelling, and photography. Outside of her work, she is all about community and is dedicated to supporting nonprofits and social service organizations.

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *