Industry Tip: Benefits of Joining a Peer Council

Peer-to-peer support helped manufacturers overcome challenges throughout the pandemic, but they’re also integral for resuming growth across the manufacturing industry in today’s recovering economy. When it comes to networking with fellow business leaders, now is the time to get involved. There’s unbounded potential for problem-solving when you team up with motivated, like-minded professionals

What Is A Peer Support Group?

A peer support group is a network of leaders and professionals who decide to work together to overcome a variety of challenges. They generally have a meeting schedule for discussion sessions, and are effective mechanisms for facilitating trust and collaboration between individuals. 

The Research Is Coming Out

There is mounting evidence peer groups may assist leaders in doubling or tripling the growth of their business. According to BizSmart, 90% of business owners cited peer networking to be instrumental in getting through the pandemic of 2020. This demonstrates the value in sharing ideas with people who have experienced the familiar feelings of pressure that come with leading a company.

How Can You Get Involved With Peer Support Groups?

Joining or creating a peer network group is an excellent way to foster new perspectives and solve the challenges of our evolving era. CMTC, for example, hosts an executive round table for the manufacturing industry of California where C-level manufacturers across non-competing industries meet once per month to discuss and collaborate through group review. Learn more about signing up for your geographic region’s peer council program.

The possibilities don’t end here. Starting a peer council can be as simple as making an effort to reach out to your network and share ideas. Start by setting a date for a casual coffee or lunch, and let the discussions begin.

The Answers Are There; You Can Realize Them

Peer networking provides the opportunity for entrepreneurs to connect with one another, absorb best business practices and keep up with the changes brought on as the manufacturing industry evolves. If you’re struggling to figure out where the answers lie, what better solution than to collaborate with people who have already found the strategies that lead to growth?