Peer Groups Help your Business Prosper in Tough Times
LINCOLN, Neb., Oct. 31, 2012 /PRNewswire/ -- www.tablincoln.com– Terry Wieczorek built DocuLynx Inc. from the ground up. In 2009, 2010, and 2011, this same company was recognized by Inc. Magazine as one of 500 fastest growing companies in America. I probably don't have to remind you that those three years were some of the toughest years for businesses in recent history. What's Terry's secret? How has DocuLynx Inc. managed to beat the odds in the trying financial times of the Great Recession?
Mr. Wieczorek's secret is the advice his business received from his peers for suggested solutions to the challenges confronting privately owned businesses. Business owners worldwide are finding that the best advice often comes from their peers – other business owners who have developed real-world strategies to sustain or expand their businesses.
One organization that offers this resource to business owners is The Alternative Board (TAB). TAB builds boards of non-competing business with average revenues of $1 million to $100 million. Owners of non competing businesses meet monthly to tap into the wealth of experience and insight their peers bring to the table. Each peer advisory board is typically comprised of 10 business owners, CEOs, or presidents. According to a survey conducted by The Alternative Board, of 300 small business owners, 60% of those who made a profit in 2011 were TAB members - or 1.5 times greater than non-TAB members. The same study further noted that 67% of TAB Members trust advice from their board versus only 29% for non-TAB members.
Mr. Wieczorek was a member of one of the TAB advisory boards in Omaha during the years of his company's rapid growth. He contributes much of his business success to advice that he received from his TAB Board. This year, wanting to give something back to the Nebraska business community, Mr. Wieczorek purchased The Alternative Board, Lincoln. Though he will maintain his ownership of DocuLynx, Mr. Wieczorek has reduced his role within the company, and plans to spend most of his time blazing a path of business success for privately owned businesses in the Lincoln area.
TAB-Certified Facilitator/Coaches help business owners spend less time working in their business and more time working on their business. This shift from tactical to strategic leadership often enables leaders to achieve their goals. TAB tools include a gap analysis tool to reorient priorities and resources to the most important business areas, a personal and company vision tool to ensure dreams are captured and a strategic business leadership tool that provides a detailed roadmap for achieving each vision through establishment of goals, strategies and action plans.
According to Terry Wieczorek, "The way to survive and prosper in tough times is to surround yourself with smart non-competing business peers who can help you see your business blind spots, navigate the treacherous competitive waters and emerge from the tough local commerce fight victorious."
About The Alternative Board
The Alternative Board (TAB) is an exclusive, membership-based organization that helps business owners achieve profitability, productivity, and personal fulfillment through the use of peer advisory boards and private business coaching. Through a platform of knowledge and guidance, The Alternative Board delivers real world advice that provides a result driven advantage to help business owners stay focused on what matters most. Headquartered in Denver, CO, The Alternative Board has been helping business owners succeed for over 20 years. For more information visit www.TheAlternativeBoard.com.
TAB Lincoln, LLC.
SOURCE The Alternative Board
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