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    Posted August 26, 2014 by
    JTabachnick

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    Professional Organizations Can Help Businesses Succeed Against The Odds

     
    “According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn,” stated Eric T. Wagner in a Forbes magazine article.

    The prospects are not good, yet 543,000 new businesses get started each month. Whether the business is started by an entrepreneur with a great idea, a recently laid off employee looking to create a business or a new immigrant pursuing the American dream, they are all susceptible to challenges to long-term success.

    There is help for these new businesses and established businesses, in the form of professional business organizations. Business success, after all takes a village.

    One such organization is The Organization Supporting Business Owners or Osbo for short. Based in Huntsville, Alabama, OSBO is a virtual professional business network, not tied to any specific geographical regions. Members span a breadth of sizes and industries, and include sole proprietors and entrepreneurs, to corporations. In addition, educational institutions and nonprofit entities have invested in membership, facilitating growth in their leadership and organizations as a result.

    OSBO, founded by Tana Torrano, provides a range of unique services to its members, including owner-to-owner interaction, decision-making power for members, training for members and non-members alike, and a wide array of media and marketing partners who expand OSBO’s reach beyond its membership. With so many resources at their disposal, members become empowered to take themselves and their business or nonprofit entities to new levels of prosperity and success.

    Professional business organizations can be industry specific such as the American Institute of Certified Public Accountants [AICPA] or more general, as is the case of OSBO. There are advantages to each type of organization and it often comes down to personal choice. Industry specific organizations can help keep you abreast of new regulations or trends affecting your industry. The possible downside is that their perspective is only seen through their own lens. Creative solutions, often come from cross pollination and thinking outside the box, which is more likely to occur through networking with other industry types via a network or organization that combines multiple industries. Entrepreneurs often choose both types of organizations to arm themselves with the best information and a multitude of networking opportunities.

    Entrepreneurship is a solitary and sometimes lonely endeavor. To succeed one needs to have a great team and access to resources that they are usually only attainable by large corporations. Professional networking groups can provide these assets and help support and steer businesses to succeed, even against all odds.

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