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4 Reasons Why You Need a Community to Win Big in This New Economy

It should come as no surprise that the global economy has undergone a massive shift over the years, particularly in 2020. With the economy changing the way people are thinking and buying, it can be hard for businesses to keep up. With many bigger companies stuck in more conventional ways of thinking, online businesses and entrepreneurs have really been able to carve out a large portion of the market for themselves. This is largely based on having a community as Natalie Taylor outlines.

A former Wall Street financial consultant, Natalie has worked with many large Fortune 100 companies over the years. Deciding to shift into online coaching, Natalie now provides business development strategies, to enable individuals unlocking their abilities to reach their full entrepreneurial potential.

Seeing the benefits of online communities, Natalie decided to create Life Architect Society, a community that enables individuals to access top of the line support and guidance in growing and scaling their businesses, without putting themselves into a bad financial position. Below Natalie outlines the reasons why you need a community to win big in this new economy. 

 

Collective bargaining

Something that is popping up more and more on the web is collective bargaining for general and professional services, or as some call it, an energy exchange of services. This is a great way for you to not only support your fellow entrepreneurs and business owners by engaging their services, but it also allows you an opportunity to generate word of mouth. Doing a great job on an energy exchange of services is a great way to ensure that individuals talk about how amazing your services are to others in their network. 

Like-minded Individuals

You know that saying ‘your network determines your net-worth’? Well having a community of like-minded individuals who all have proven results and goals in common with you is a great way to ensure you remain focused and motivated to reach your goals. 

Become accountable

Remaining consistently accountable is hard. It’s been proven that humans will go above and beyond for others than they will for themselves. In that sense being accountable to a group of people, rather than to just yourself, means you will be more likely to consistently show up. A community is a great way to gain accountability from others with the same goal or even those who possess the expertise or prior experience in launching, growing, scaling, and winning. 

A safe space

A safe space is such an undervalued commodity.  Having a safe space to test out your ideas or concepts and gaining feedback from other experienced people before taking it to market is priceless. A community is also a great place to vent frustrations, ask questions or ask for more guidance in areas you are not well experienced.  

Better understanding

Having a community allows you a better understanding of the market place, as you will have many differing viewpoints, as opposed to just your own. This will allow you more clarity on pain points and how you would be better able to provide solutions. 

If you would like to check out Natalie’s online community, click here.

Lewis Schenk is an Australia based Entrepreneur, Writer & PR Consultant. His work has been recognized by Buzzfeed, International Business Times and Thrive Global. Lewis is passionate about sharing empowering stories from people around the world, particularly those in entrepreneurship & business. He has been privileged to work with over 250 business owners and entrepreneurs in 2020 alone, helping them grow their brand and online presence.

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